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SPDR S&P 500 (SPY) Up on Solid Day for American, Emerging Market Stocks

By  +Follow January 14, 2014 8:04AM
Tickers Mentioned:

Global markets appeared to enjoy a universally positive day on Tuesday, with major indices up in America and abroad, pulling up some of the most-actively traded ETFs in the process.

DJIA, S&P 500, Nasdaq Have Big Days, Boosting American Equities ETFs

The Dow Jones Industrial Average was up over 0.5 percent by mid-day, with the S&P 500 approaching 0.9 percent gains and the Nasdaq up almost 1.5 percent in the same time frame.

This, in turn, meant the SPDR S&P 500 ETF ($SPY) was up about 0.9 percent, and the SPDR Dow Jones Industrial Average ETF ($DIA) gained over 0.5 percent. The PowerShares QQQ Trust ($QQQ) saw gains exceeding 1.75 percent, the Vanguard Total Stock Market ETF (VTI) jumped almost 1 percent, and the iShares Russell 1000 Value Index Fund ($IWD) was up about 0.75 percent. Small-cap companies weren’t left out of the party, with

Driving the gains were positive data on retail sales for December. December saw retail sales increase 0.7 percent excluding automobiles, gasoline, building materials, and food services.

“Christmas was not as bad as everyone thought,” said Chris Gaffney, senior market strategist with EverBank. “The markets were set up for a poor reading.”

It also showed resiliency for this market, with gains coming the day after the DJIA slumped some 179 points, or 1.1 percent.

"The retail sales are painting a better economic backdrop than payrolls did, and investors are using recent weakness as an opportunity to buy," said Mike Gibbs, co-head of the equity advisory group at Raymond James.

Emerging Markets ETFs Also Rising on China Stocks Bounce

Emerging market equities also saw gains, with the iShares MSCI Emerging Markets Index ETF (EEM) showing gains approaching 1 percent by mid-day. It was a return to strength after two rough weeks that had EEM down over 4 percent in 2014.

Much of this decline had been driven by plunging Chinese equities, with the Shanghai Shenzen 300 off 5.5 percent since the start of the year to yesterday and the Shanghai Composite Index falling 4.7 percent to 2,009.56 at the end of yesterday’s trading.

Tuesday, though, brought a rebound, possibly driven by investors seeing a market at its lowest since the start of August and searching out value-buys. The Shenzen 300 and Shanghai composite bounced almost 0.9 percent.

“With the market approaching the 2,000 level, some investors are bottom-fishing,” said Jingxi Investment Management Co.’s chief investment officer Wang Zheng. “Concern over IPO sales is still the biggest factor that is weighing on the sentiment as some of these companies are selling at very high prices.”

Major China ETFs were on the rise as a result, with both the iShares FTSE China 25 Index ETF (FXI) and the iShares MSCI China Index Fund ($MCHI) jumping just over 1 percent.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

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Results for SPY
Stock Market Picks
28 Jul 15 06:00:54
$DD reported EPS 1.18 vs consensus 1.21 revenues of $8878 vs EST $8967 YR/YR REV -12.2%, in line guidances. http://t.co/4gCmvZU95z $QQQ $SPY
Stock Market Picks
28 Jul 15 05:59:53
$AUO reported EPS 0.47 vs consensus 0.55 revenues of $92300 vs EST $94359 YR/YR REV -9.5%. http://t.co/4gCmvZU95z $QQQ $SPY #forexsignal
Michael Hurt
28 Jul 15 05:59:51
RT @Couzin_Vinny: New BLOG POST "Turn Around Tuesday" http://t.co/aybmwtSrCH $SPY and #IBD50 thoughts for today $VXX $VIX $NYMO $CPC
Stock Market Picks
28 Jul 15 05:59:06
$BP reported EPS 0.07 vs consensus 0.09 revenues of $60646 vs EST $58132 YR/YR REV -35.5%. http://t.co/4gCmvZU95z $QQQ $SPY #forexsignal
Thomas Paul
28 Jul 15 05:58:11
RT @harmongreg: How to gauge the downside in the S&P 500 - Dragonfly Capital … http://t.co/OVCwbGBg13 $SPY $SPX
Stock Market Picks
28 Jul 15 05:57:33
Us futures indexes are set to open up: S&P 500 +0.4% DOW +0.3% NASDAQ +0.4% $DJIA $DIA $QQQ $SPY http://t.co/qhcoz81S6v #forex $USD $CHF
28 Jul 15 05:57:20
RT @StockTwits: Here's one of the best investing quotes we've ever seen. On the madness of markets -> http://t.co/XKZFTjetFV $VIX $SPY
28 Jul 15 05:57:10
starting to wonder if today is a gap and fade day $SPY If that's the case I have my eye on $XIV and $UVXY
Miguel Mendez
28 Jul 15 05:56:58
Stocks set for opening bounce $SPY $QQQ $DIA $SH $SSO $SDS $VOO $IVV $UPRO $PSQ $SPXU http://t.co/CbVcMWCESy
Scott Smith
28 Jul 15 05:54:05
Fact is the markets are still bullish up or down (depending on your time frame and risk tolerance) $STUDY $QQQ $DIA $SPY $IWM $XLF
Bret Jensen
28 Jul 15 05:53:22
Commented on: "Has The Long Awaited Correction Begun?" http://t.co/f67QDoJCs8 $SPY $AAPL $GILD
Serge Berger
28 Jul 15 05:52:46
BULLISH: The financials vs the S&P 500 ratio. Bullish through a six to twelve month lens $SPY $XLF http://t.co/pLqZDKBEae
Andrew Grant
28 Jul 15 05:52:21
$SPY after establishing a base @ bottom of MM octave ~> short term target = R2 ~209.666 http://t.co/QlIomc0hnK
28 Jul 15 05:52:15
New BLOG POST "Turn Around Tuesday" http://t.co/aybmwtSrCH $SPY and #IBD50 thoughts for today $VXX $VIX $NYMO $CPC
28 Jul 15 05:52:04
RT @harmongreg: How to gauge the downside in the S&P 500 - Dragonfly Capital … http://t.co/OVCwbGBg13 $SPY $SPX
Stocks Pastor
28 Jul 15 05:50:45
$SPY is up pre-market. I don't expect any upside movement for $SPY until I see high $204.
28 Jul 15 05:50:29
Tuesday Morning Market Video – $TWTR $FB $SPY http://t.co/b6xSGDIMrV
Financial Iceberg
28 Jul 15 05:50:18
Russell 2k and DJ Ind Ratio: At Crossroads? $SPY #investing #russell2000 #dowjones #SP500 http://t.co/HYmHyBjdu3 http://t.co/KLA101MmQB
28 Jul 15 05:49:20
$GOOG $SPY $QQQ $MA Tuesday Morning Market Video – $TWTR $FB $SPY $IWM $QQQ $VIX http://t.co/OZTqqnH1Ya
Ralph J. Roberts
28 Jul 15 05:48:44
Tuesday Morning Market Video – $TWTR $FB $SPY $IWM $QQQ $VIX http://t.co/wRyWwKIwEn
28 Jul 15 05:48:05
$TLT $AMZN $AAPL $FB Tuesday Morning Market Video – $TWTR $FB $SPY $IWM $QQQ $VIX http://t.co/FX47Xk0OD8
Stock Hobbit
28 Jul 15 05:47:31
$TLT $IBB $GPRO $MA Tuesday Morning Market Video – $TWTR $FB $SPY $IWM $QQQ $VIX http://t.co/4oICd8t9Fy
Jonas Miller
28 Jul 15 05:47:25
Any move higher without the $VIX crashing through the floor is null and void. $SPX $SPY $QQQ
OM Daily Wisdom
28 Jul 15 05:47:22
$AAPL $NFLX $TSLA Tuesday Morning Market Video – $TWTR $FB $SPY $IWM $QQQ $VIX http://t.co/BznLY8ee4t
28 Jul 15 05:46:28
3 ETFs Caught In Risk-Off Trade $IWM $SPY $HYG $JNK http://t.co/9tDlajqnW2
SMB Capital
28 Jul 15 05:45:28
The math behind becoming a consistently profitable trader in a random market http://t.co/dPcQVycm9G $SPY
Matt K
28 Jul 15 05:44:32
RT @mpgtrader: $ES_F $SPX $SPY y'day did a double bottom on the weeklyS1 pivot. Look for the WPP next. Price moves from pivot2pivot http://…
28 Jul 15 05:43:47
RT @RyanDetrick: New Post: Why The China Crash Might Not Matter To The S&P 500 http://t.co/6Vd1ureyyD via @YahooFinance $SPY $FXI $SSEC
Stock Trade Alerts
28 Jul 15 05:43:38
RT @zozotrader: $SPY some levels 209.45 209.45 208.70 208.50 207.60 206.55 206.41 206.26 205.85 205.21 204.11
Scott Smith
28 Jul 15 05:43:21
$SPY $IWM Charts I create are not based so much on futures $ES_F but expectations of that stock no matter what direction markets flow $STUDY
Sweet Platform
28 Jul 15 05:42:33
SPY Top news - Jul 28th, 2015 $SPY http://t.co/QjqsJGKkd4
Greg Capra
28 Jul 15 05:41:49
$QQQ, $SPY, $IWM, $MDY, $DIA Market Internal gauges are at or nearing bullish extremes http://t.co/tmjOBZ1Mih
28 Jul 15 05:41:35
$SPY some levels 209.45 209.45 208.70 208.50 207.60 206.55 206.41 206.26 205.85 205.21 204.11
Venky Srinivasan
28 Jul 15 05:40:56
"@RyanDetrick New Post: Why The China Crash Might Not Matter To The S&P 500 http://t.co/oMxnF3GryP via @YahooFinance $SPY $FXI $SSEC"
Alan Farley
28 Jul 15 05:40:42
My Latest @Investopedia - Uncovering Evidence Of Sector Rotation $SPY $KBE $IWM $QQQ https://t.co/YKm6v17PHE via
Stock Geek
28 Jul 15 05:40:20
RT @stocknetwork: $ISIS $GOOGL $TSLA Tuesday Morning Market Video – $TWTR $FB $SPY $IWM $QQQ $VIX http://t.co/B9dnlXlHZY
28 Jul 15 05:39:21
So long $Spy Short #crudeoil should be easy money !!! http://t.co/bXy7GuaGjV
28 Jul 15 05:38:49
Anatomy of a Trader's 50% Week and Three Important Lessons http://t.co/GsL9JeNhPr $ES_F $SPY $SPX
28 Jul 15 05:37:58
$NFLX Netflix http://t.co/UKZ3MRGmpH $AAPL $BAC $FB $SPY $GE $BABA $NFLX $C $FE $TSLA $F $T $UWTI $RAD $GILD $VXX $UA #fx #pennystocks
28 Jul 15 05:37:24
RT @RyanDetrick: New Post: Why The China Crash Might Not Matter To The S&P 500 http://t.co/6Vd1ureyyD via @YahooFinance $SPY $FXI $SSEC
28 Jul 15 05:36:56
$SPY what if 200 day moving average is irrelevant? How will BTFD traders behave?
Francisco Caselles
28 Jul 15 05:35:52
@sspencer_smb $SPY could be a day of buying bottom edges after the opening. Too much #china and their Bonds affairs! What are Your Thoughts?
Ryan Detrick, CMT
28 Jul 15 05:34:16
New Post: Why The China Crash Might Not Matter To The S&P 500 http://t.co/6Vd1ureyyD via @YahooFinance $SPY $FXI $SSEC
28 Jul 15 05:34:11
$RSX $XOM $X $T $F Tuesday Morning Market Video – $TWTR $FB $SPY $IWM $QQQ $VIX http://t.co/ieIMni41yL
28 Jul 15 05:33:40
http://t.co/iiPmfiuxIg bobirw: Well, I got 1000 $SPY. They accum. 3: bobirw http://t.co/hMbclpFU1Q http://t.co/iiPmfiuxIg
28 Jul 15 05:33:40
$ISIS $GOOGL $TSLA Tuesday Morning Market Video – $TWTR $FB $SPY $IWM $QQQ $VIX http://t.co/B9dnlXlHZY
OTPicks- OnTimePicks
28 Jul 15 05:33:37
http://t.co/lqld4EgBgy bobirw: Well, I got 1000 $SPY. They accum. 3: bobirw http://t.co/7gj7vUSkry http://t.co/lqld4EgBgy
28 Jul 15 05:33:33
http://t.co/y0P0rvRK8d bobirw: Well, I got 1000 $SPY. They accum. 3: bobirw http://t.co/YyB0Vqrutx http://t.co/y0P0rvRK8d
28 Jul 15 05:33:28
$NFLX $PCLN $GPRO Tuesday Morning Market Video – $TWTR $FB $SPY $IWM $QQQ $VIX http://t.co/BGsW5aWI5h
i heart options
28 Jul 15 05:33:10
$TLT $XLB $X $V $C Tuesday Morning Market Video – $TWTR $FB $SPY $IWM $QQQ $VIX http://t.co/xpF7EjsQm4
By  +Follow January 14, 2014 8:04AM



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