logo
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

 


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

By  +Follow January 14, 2014 8:04AM
Share:
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


Liked What You Read? Join Equities.com and Connect With Your Favorite Financial Experts FOR FREE! Members of Equities.com gain access to our leading financial news and content, active social investment community, proprietary research tools including the 2014 Small-Cap Stars, E.V.A. reports and more.

Results for SPY
Chow D
3 Jul 15 02:41:49
RT @YahooFinance: What you need to know about the 200 day moving average http://t.co/6Bu4jvgrBZ via @michaelbatnick $SPY
Radhika J
3 Jul 15 02:37:59
RT @YahooFinance: What you need to know about the 200 day moving average http://t.co/6Bu4jvgrBZ via @michaelbatnick $SPY
DAN BRIGGS
3 Jul 15 02:36:11
RT @YahooFinance: What you need to know about the 200 day moving average http://t.co/6Bu4jvgrBZ via @michaelbatnick $SPY
Yahoo Finance
3 Jul 15 02:33:51
What you need to know about the 200 day moving average http://t.co/6Bu4jvgrBZ via @michaelbatnick $SPY
Jason Olive
3 Jul 15 02:32:44
RT @SeekingAlpha: U.S. Private Payrolls Increased 223,000 In June http://t.co/5MNUuhL6jI $SPY $DIA $QQQ
Mark Fitzgerald
3 Jul 15 02:23:44
RT @JJMcGrath3000: “NYSE Margin Debt Remains Near All-Time High In May: Risk Rank At No. 53” - $SPY $SH $SSO $SDS $IVV $VOO: http://t.co/iC…
Forex Binary Option
3 Jul 15 02:18:07
RT @SeekingAlpha: U.S. Private Payrolls Increased 223,000 In June http://t.co/5MNUuhL6jI $SPY $DIA $QQQ
Quantpost $QQQ
3 Jul 15 02:17:12
$QQQ News: "U.S. Private Payrolls Increased 223,000 In June $SPY $DIA $QQQ" http://t.co/lwujI9SAr5 Analyze: https://t.co/lqu6oSl3Ej
Stock Market Outlook
3 Jul 15 02:17:12
U.S. Private Payrolls Increased 223,000 In June http://t.co/GAp0IF4NXI $SPY $DIA $QQQ
Seeking Alpha
3 Jul 15 02:17:12
U.S. Private Payrolls Increased 223,000 In June http://t.co/5MNUuhL6jI $SPY $DIA $QQQ
Domingo Franco
3 Jul 15 02:11:35
RT @lancejepsen: Employment Situation Soft In June But Bigger Picture Looks Hot $SPY $QQQ $IWM https://t.co/sOBytAXjMt http://t.co/OiF0x612…
Cameron Stroud
3 Jul 15 02:11:24
RT @lancejepsen: ISM Manufacturing Improving But Dollar Weighs $SPY $QQQ $IWM https://t.co/gnWZR0QH7c http://t.co/uTT0ITluU4
Fenton Prescott
3 Jul 15 02:11:18
RT @lancejepsen: Greece PM Tsipras National Address Spinning $SPY $QQQ $IWM https://t.co/6MjjzQEkQP
Marco Monroe
3 Jul 15 02:11:09
RT @lancejepsen: Fitch Downgrades Greece To CC FROM CCC $SPY $QQQ $IWM https://t.co/xFTl5byXav http://t.co/P0VwrofaZP
Joseph Carrillo
3 Jul 15 02:11:04
RT @lancejepsen: Greece Makes 11th Hour Proposal For 2 Year Extension $SPY $QQQ $IWM https://t.co/0va6BlMJaa
Dewitt Vaughan
3 Jul 15 02:10:57
RT @lancejepsen: Institutional Trader Selling on Greek Drama $SPY $QQQ $IWM https://t.co/HalgNfS54U http://t.co/Bs2bIQSqcL
Dana Rice
3 Jul 15 02:10:54
RT @lancejepsen: Orion Engineered Carbons Stock Testing Trend Support $SPY $QQQ $IWM https://t.co/Im1xaz4V5H http://t.co/SBMFP1Imbz
Peyton Logan
3 Jul 15 02:10:49
RT @lancejepsen: Greece Imposes Capital Controls $SPY $QQQ $IWM https://t.co/Z1HMFoXdIl http://t.co/zW43NXrtJw
Theresa Hill
3 Jul 15 02:10:45
RT @lancejepsen: Prediction News For Week of June 29 2015 $SPY $QQQ $IWM https://t.co/IxMGCEgzlI http://t.co/DYLrCqcX1i
FXY_Fractalerts
3 Jul 15 02:10:35
New $SPY alerts have recently been posted. Check them out now. http://t.co/21gUp5H2v3
Walton Michaud
3 Jul 15 02:10:34
RT @lancejepsen: Housing Starts Falls But Building Permits Surge the Most Since 2007 $SPY $QQQ $IWM https://t.co/c8o1KvgUFC http://t.co/91e…
James Villa
3 Jul 15 02:10:20
RT @lancejepsen: International Trade Theory and Stock Trading $SPY $QQQ $IWM https://t.co/XPI6iiTflu http://t.co/QWfTQLMExN
Carmen Engel
3 Jul 15 02:10:06
RT @lancejepsen: Stock Market Prediction News For Week of May 4 2015 $SPY $QQQ $IWM http://t.co/AEpFoZflHy
Myles Kern
3 Jul 15 02:09:52
RT @lancejepsen: $SPY Housing starts tumble 17% on harsh Feb weather http://t.co/W7dCBNDWFc
Justin Bowen
3 Jul 15 02:09:48
RT @lancejepsen: $SPY January Job Gains Exceed Expectations - US News http://t.co/7YwN73SEY4
Guessous Ghizlaine
3 Jul 15 02:06:54
RT @StockTwits: The blue line on this chart is the S&P 500. The yellow line is biotech. WOW -> http://t.co/zeKXmvIhIs $SPY $IBB http://t.…
Alysia Sarkisian
3 Jul 15 02:00:48
RT @SeekingAlpha: Developing An Investment Game Plan - Cramer's Mad Money (7/2/15) http://t.co/TvvGQam032 $INTC #BRIANKRZANICH #INTEL $SPY
Mannu
3 Jul 15 01:53:17
RT @lunatictrader1: Nasdaq lost 108 points in recent lunar red period. Stays perfect for the year. http://t.co/0B5DSMOeqS $SPY http://t.co/…
Todd in Florida
3 Jul 15 01:52:27
RT @jfahmy: WEEKEND VIDEO: Sentiment, Stocks and more http://t.co/FX0ojOrrCB $SPY $QQQ $IWM $AAPL $TSLA $AMZN $IBB
J.J. McGrath
3 Jul 15 01:41:26
“NYSE Margin Debt Remains Near All-Time High In May: Risk Rank At No. 53” - $SPY $SH $SSO $SDS $IVV $VOO: http://t.co/iC1lxJ09pj
LunaticTrader
3 Jul 15 01:40:36
Nasdaq lost 108 points in recent lunar red period. Stays perfect for the year. http://t.co/0B5DSMOeqS $SPY http://t.co/mBpnW9iqSC
Pepe Plata
3 Jul 15 01:34:42
$BTU Peabody Energy Corp http://t.co/xynX7aQiCX $SPY $DIA $SPX #STOCKS #GOLD $VIX $TVIX $UVXY $VXX $VXUP $AGQ $MYEC #DonaldTrump #cl_f
Forex First Aids
3 Jul 15 01:33:15
RT @SJosephBurns: Ten Benefits of Trading the S&P 500 Index http://t.co/HsJedvR3NJ $SPY $SPX
John Francis
3 Jul 15 01:31:13
$SPY Lol http://t.co/apmYve0iUx
Seeking Alpha
3 Jul 15 01:13:23
Developing An Investment Game Plan - Cramer's Mad Money (7/2/15) http://t.co/TvvGQam032 $INTC #BRIANKRZANICH #INTEL $SPY
Pepe Plata
3 Jul 15 01:07:37
$BTU Peabody Energy Corp http://t.co/xynX7aQiCX #4thOfJuly #cl_f #cac #dax #ftse $SPY $ES_F #stocks #stockmarket #trading $vix $dia $spx
nicholas
3 Jul 15 01:02:37
bosocial: $IBM active, relative volume: 3.43, 1H, 4:00 AM, #nyse $DJI $SPY http://t.co/T4Ma4PKrQY
Quantpost $QQQ
3 Jul 15 01:02:27
$QQQ News: "Sentiment Swap $SPY $DIA $QQQ" http://t.co/HkBAj3KEHE Analyze: https://t.co/Gn5xRZ32aN
Stock Market Outlook
3 Jul 15 01:02:26
Sentiment Swap http://t.co/zATYZmL3y4 $SPY $DIA $QQQ
Seeking Alpha
3 Jul 15 01:02:26
Sentiment Swap http://t.co/rfE5tF89a0 $SPY $DIA $QQQ
Pepe Plata
3 Jul 15 01:01:14
$BTU Peabody Energy Corp http://t.co/xynX7aQiCX #4thOfJuly #wheat #cac #dax #ftse $SPY $ES_F #stocks #stockmarket #trading $vix $dia $sp
binaryoptionsocial
3 Jul 15 00:59:54
$IBM active, relative volume: 3.43, 1H, 4:00 AM, #nyse $DJI $SPY http://t.co/RBfA8LuuAy
Navi Avatar
3 Jul 15 00:59:15
RT @candidbanter: $GMCR down 50% in 7 months-- and still no reason to buy this downtrend. #stocks #trading #money $SPY $QQQ http://t.co/eJ…
Alpha Maven Alerts
3 Jul 15 00:58:05
$TIF active, relative volume: 14.06, 1H, 4:00 AM, #nyse $SPY
Alpha Maven Alerts
3 Jul 15 00:58:04
$SBUX active, relative volume: 4.14, 1H, 4:00 AM, #nasdaq $NDX $SPY
Alpha Maven Alerts
3 Jul 15 00:58:03
$QCOM active, relative volume: 4.32, 1H, 4:00 AM, #nasdaq $NDX $SPY
Alpha Maven Alerts
3 Jul 15 00:58:02
$MNST active, relative volume: 5.6, 1H, 4:00 AM, #nasdaq $NDX $SPY
Alpha Maven Alerts
3 Jul 15 00:58:01
$IBM active, relative volume: 3.43, 1H, 4:00 AM, #nyse $DJI $SPY
Alpha Maven Alerts
3 Jul 15 00:58:00
$HUM active, relative volume: 14.73, 1H, 4:00 AM, #nyse $SPY
Alpha Maven Alerts
3 Jul 15 00:57:59
$DFS active, relative volume: 8.96, 1H, 4:00 AM, #nyse $SPY
				
				
By  +Follow January 14, 2014 8:04AM
Share:

Comments

 

blog comments powered by Disqus

 

 Today's Must Reads

Microsegmentation: The Future of Cybersecurity?


How this Playboy Playmate Became a Better Stock Trader Than You

Long Term Rates Are On The Up…What’s Next?

The Modern Web: So Many Ways to Invest in Wireless Mobile Stocks

It's Time for the Rest of the Country to Legalize Weed

 

Do you expect a 10% correction by the end of 2015? in Equities.com Polls on LockerDome

About us

Equities.com is an advanced financial data portal and social network designed to connect self-directed investors with the world’s most innovative startup and small cap companies. Through our in-depth coverage of small cap markets, comprehensive research and stock valuation reports, state of the art issuer products, and world class events, Equities.com provides the social tools and insight that drive tomorrow’s investment relationships and opportunities.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.

Login or Register

LOG IN