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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
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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.


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Results for SPY
Winborn Traders
22 Sep 14 08:48:35
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smtrader StockTrader
22 Sep 14 08:47:28
$SPX needs to hold above 1997, else look for it to test near 1990 $SPY
EMini Futures
22 Sep 14 08:47:21
Just Imagine if you could Find market's Intraday Highs and Lows for $ES_F #dayTrading $SPX $SPY $DJI $AAPL $QQQ $IWM
Edmund Sullivan
22 Sep 14 08:47:17
NYSE advance-decline vs $SPY http://t.co/6biUPIL6zW
Dr. Duru
22 Sep 14 08:47:16
%stocks>40DMA plunging again. 33.3% now. Will be on watch tomorrow for a sharp bounce back. However, bearish signs still active #T2108 $SPY
Financial Iceberg
22 Sep 14 08:47:08
Technical Observation of the Day: Bearish Engulfing Pattern on SPDR SP500 ETF $SPY http://t.co/qaxxk8TsE8
Stefan Cheplick
22 Sep 14 08:47:05
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22 Sep 14 08:46:51
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Institutional Insdr
22 Sep 14 08:46:37
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Winborn Traders
22 Sep 14 08:46:28
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John Ducas
22 Sep 14 08:46:18
Stocks open lower today $SPY down 0.75%
David de los Angeles
22 Sep 14 08:45:46
Commented on: "John Hussman: The Ponzi Economy" http://t.co/xQspeOIZ6O $SPY $DIA $QQQ $IWM
Jesse Felder
22 Sep 14 08:45:22
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22 Sep 14 08:45:20
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22 Sep 14 08:43:29
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22 Sep 14 08:43:26
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BNK Invest
22 Sep 14 08:43:20
ETF Flows Report for 09/22/2014 $SPY $IWM $IVV #etfs http://t.co/BIWzTekPY8
ETFChannel
22 Sep 14 08:43:18
ETF Flows Report for 09/22/2014 $SPY $IWM $IVV #etfs: . orttr { font-family: Arial; font-siz... http://t.co/HkLk2WnBg8
ETFChannel
22 Sep 14 08:43:15
ETF Flows Report for 09/22/2014 $SPY $IWM $IVV #etfs: . orttr { font-family: Arial; font-siz... http://t.co/5tyConotAp
EMini Futures
22 Sep 14 08:43:08
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Newton Research
22 Sep 14 08:42:41
The team is going to reevaluate the "Stock Picks" Portfolio in result of last week's sell signal on the markets. $SPY $BABA $AAPL #trading
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22 Sep 14 08:42:25
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Cousin_Vinny
22 Sep 14 08:42:06
Nah reading and “dictating” tweets using “SIRI” and iPhone $SPY $TICK #Multitasking
ok_trader
22 Sep 14 08:41:36
RT @DarvasTrader This is why traders should pay attention to Darvas Boxes: http://t.co/K4lz3jr84Z $STUDY $SPY $QQQ
StockExpert
22 Sep 14 08:41:02
$NIHD Anyone ever heard of a BK Bounce Before... $SPY $DIA $QQQ $AAPL $GOOG $INTC $MSFT $WMT $BRKA $KIOR $COCO $USU $GLD $SLV $TSLA $BABA $X
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22 Sep 14 08:40:42
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22 Sep 14 08:39:20
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Cousin_Vinny
22 Sep 14 08:39:06
$SPLS watch the reverse KIRBY 30 min chart http://t.co/HIAHSy8D5H with poss $SPY 15' bearflag build http://t.co/aqPz0t2RhN
Emini Scalping
22 Sep 14 08:38:44
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22 Sep 14 08:38:25
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22 Sep 14 08:38:11
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Anish Teli
22 Sep 14 08:36:54
RT @StockTwits: "History doesn't repeat itself but it does rhyme." - Mark Twain *LINK* → http://t.co/auX86yF2nq $SPY $BABA http://t.co/v2…
HCPG
22 Sep 14 08:35:43
Best way to get a feel to how serious a potential pull-back is -- look at how stocks/indices react to major support levels $SPY
Thu Real Matt
22 Sep 14 08:35:19
$SPY $QQQ $IWM appears market is in a 3 legged race with $BABA
Ben
22 Sep 14 08:35:02
RT @SunriseTrader: $SPY still in a base/consolidation. Chasing strength not the way. Getting overly bearish or shorting early not the best …
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22 Sep 14 08:34:38
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Traderlife
22 Sep 14 08:34:01
$SPY chart broke trend should reverse here http://t.co/yDujboismP
Ariel Silahian
22 Sep 14 08:33:48
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Boston News
22 Sep 14 08:33:43
RT @tomjquirke: I know Casino sector is weak Today with downgrades, but I think $WYNN is a good buy here with news of approval to open up i…
John Randel
22 Sep 14 08:33:24
Iron ore drops to 5-year low. $SPY Reported on CNBC News
SMB Capital
22 Sep 14 08:33:23
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22 Sep 14 08:33:22
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Sasi M Motaparthy
22 Sep 14 08:33:10
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Warren Bevan
22 Sep 14 08:32:42
Bit weak early this Monday but the best markets tend to be weak early and finish the day, and week strongly. Let's see what comes. $SPY $QQQ
Mr. Dolla Maker
22 Sep 14 08:32:42
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Winborn Traders
22 Sep 14 08:32:32
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Peter Herman
22 Sep 14 08:31:31
@HCPG @paulwoll Did either of you see this weakness coming, on Friday? Mkt stats have been bad for a while ... but $SPY $DIA props for mkt
Winborn Traders
22 Sep 14 08:31:25
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22 Sep 14 08:31:10
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By  +Follow January 14, 2014 8:04AM
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