logo
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

SPY, Major ETFs Bounce on Potential Debt Deal

By  +Follow October 16, 2013 8:45AM
Share:
Tickers Mentioned:

Market optimism about what appears to be an approaching end to the government shutdown and debt ceiling crisis helped push up the major indicies, pulling up most of the biggest ETFs with them. With the DJIA and S&P both gaining more than 1.15 percent by early afternoon and the Nasdaq up almost as much, the highest-volume, broad market ETFs were on the rise. The SPDR S&P 500 ETF ($SPY) gained almost 1.25 percent, the Financial Select Sector SPDR ($XLF) climbed almost 2 percent, PowerShares QQQ ($QQQ) jumped almost 1 percent, and the iShares Russell 2000 Index ($IWM) was up almost 1.25 percent.

Congressional Deal on Debt Ceiling, Funding Appears Likely

The failure of the House of Representatives to pass a bill last night, paired with a new agreement in the Senate, appears to have bolstered market confidence overnight that a debt default will be avoided. Senate leaders announced Wednesday morning that they had reached a deal for a bill that would extend the nation’s borrowing limit to early February and end the two-week shutdown, approving a budget that will keep the government open until January 15. And today’s bounce would seem to indicate a consensus in the markets forming around the belief that Speaker of the House John Boehner will bring the Senate bill up for a vote, that it will pass, and that President Obama will sign it into law.

VIX Plunges, Emerging Markets Don’t

Today’s big losers are traders betting on the VIX, as an agreement in congress radically decreases anticipated market volatility. The iPath S&P 500 VIX Short Term Futures ETN (VXX) plunged almost 9.5 percent on Wednesday, while the inverse ETF, the VelocityShares Daily Inverse VIX (XIV) climbed over 9.75 percent. Equities investors also seemed to be shifting back towards a risk-on environment as major ETFs tracking emerging market ETFs were on the rise. The iShares MSCI Emerging Markets Index (EEM) and Vanguard FTSE Emerging Markets ETF (VWO) gained over 0.75 percent, the and the iShares MSCI Brazil Index ($EWZ) was up over 1.25 percent.

Results for SPY
immoderacyf
20 Apr 14 03:28:28
#Stocks to hold onto $BEN $DV $GPN $SPY #financial http://t.co/rRTTzjt9Kt
ActualAdviceMYR
20 Apr 14 03:24:23
RT @TraderHMS: Are you feeling stress in your trading? : Trading Card 228 $QQQ $SPY $FB $TWTR $EEM http://t.co/x6JMulLUxd
Trading Cards
20 Apr 14 03:21:09
Are you feeling stress in your trading? : Trading Card 228 $QQQ $SPY $FB $TWTR $EEM http://t.co/x6JMulLUxd
MarketSwingPlayer
20 Apr 14 03:20:57
$SPY 4 Hour - Channel B/O - Phase 2 Retest in process - Means 2nd time testing resistance @ $187.11 http://t.co/ZZcgOb1HpW
Trading Cards
20 Apr 14 03:06:15
Peter Schiff: What Is Full Employment To Janet Yellen? $SPY $QQQ http://t.co/5hQvIscBJ9
James
20 Apr 14 03:00:15
RT @Benzinga: #International #ETFs Showing Strength $EPHE $NGE $SPY http://t.co/5THU9P7WPC @MatthewMcCall
Ansel Galvan
20 Apr 14 02:47:06
$MYL Here are some Stocks to Watch $SWN $CDNS $SPY #financialnews http://t.co/G9cjTh7Jbx
stock_fail
20 Apr 14 02:40:25
Have Americans lost trust in the White House? http://t.co/jzC0uui5io #video $SPY
Bob Gerouix
20 Apr 14 02:26:22
RT @etfguide: Not yet a subscriber? Use promo 100APR to get started. http://t.co/cxursja8Zi $SPY $GLD $TLT $SPXL $SPXS $BIS $RUSS $YANG
Crew Gretzky
20 Apr 14 02:02:58
$RAI Are you considering selling $OV $SPG $SPY Give it a try http://t.co/Wc6v8qbUgB
Finance Wire
20 Apr 14 02:02:04
$DHR Get research on $YUM $WAB $SPY #newsletter http://t.co/BI6B2TBVjO
Finance Wire
20 Apr 14 02:01:43
Seeking the next stock like $GS $EXPD $OV $SPY #liquidity http://t.co/6uaEcPIDxD
Charley Lu
20 Apr 14 01:20:06
RT @H3NPHLO: S&P 500 1Q 2014 earnings results; Earnings surprises sofar $SPY http://t.co/36UaoDSqmH
iHugo Albert
20 Apr 14 01:05:04
$SPY The Event That Will End The Bull Market http://t.co/fYLek0whQK
$hift4MD
20 Apr 14 01:01:08
Some Key Earnings Reports | Week of April 21, 2014 #stocks #markets #trading $spy $NFLX $AAPL $FB $AMZN $BIDU $SBUX http://t.co/BLUBvcchhi
Jack
20 Apr 14 01:00:13
RT @KevinBCook: $SPY Anybody notice the German DAX still struggling since its gap down last week? http://t.co/4dhC9uSAJ8 $SPX
ZaRdOz420WPN
20 Apr 14 00:51:12
RT @ClareKuehn: $Spy #Drone Sees what u r Wearing at 17.5K Feet https://t.co/9kumYv2pct U r safer - if they want to identify the next norm…
H3NPHLO
20 Apr 14 00:39:12
S&P 500 1Q 2014 earnings results; Earnings surprises sofar $SPY http://t.co/36UaoDSqmH
CodyHindSTA
20 Apr 14 00:31:09
Student Results - A Complete 4 Week Trading Breakdown http://t.co/hQK6eoR4Sh $ES_F $SPY $SPX
Foghorn returns
20 Apr 14 00:27:54
$GLD $SLV $GDXJ $GDX $FCX $NUGT $SPY $QQQ $UUP $DIA Market Manipulations Become More Extreme, More Desperate http://t.co/gBpVF8Jh3h
followback
20 Apr 14 00:25:46
Ferry disaster: more bodies found http://t.co/ohNwE18MEY #video $SPY
iHugo Albert
20 Apr 14 00:25:05
$SPY Weighing The Week Ahead: Springtime Optimism? http://t.co/90Tdg8cSAC
Ednabanana
20 Apr 14 00:23:04
@ralpcruz $SPX currently 352 days above 200-day MA. 4th longest past 40 yrs. 525 in '98 is the record. $SPY http://t.co/RNmFjWCA8u
iHugo Albert
20 Apr 14 00:20:15
$SPY Weighing The Week Ahead: Springtime Optimism? http://t.co/V2Z2FhiqpE
iHugo Albert
20 Apr 14 00:09:03
$SPY The Coming Week: The State Of The Bull Market And What Could Kill It http://t.co/SfU88qQosb
FXopinion
20 Apr 14 00:08:45
RT @DTradingAcademy: The Basics Of #DayTrading --> $SPY $SPX $ES_F http://t.co/WBI4ze6daE
Cecil Beckham
20 Apr 14 00:04:08
$CAM Are you looking to buy $BCR $TYC $SPY View now http://t.co/82dqYfzZOZ
FinancePress
20 Apr 14 00:03:27
$SPY Weighing The Week Ahead: Springtime Optimism?: Weighing The Week Ahead: Springtime Optimism? Seeking Alp... http://t.co/enVCiRIQdk
 Magician
19 Apr 14 23:51:22
RT @SeekingAlpha: The Coming Week: The State Of The Bull Market And What Could Kill It http://t.co/S6gW5LIdoR $DIA $SPY $QQQ $IWM
Allan Millar
19 Apr 14 23:42:33
RT @andrewunknown: [New Post] Meaningless Market Noise (And The Signal It’s Giving Right Now) http://t.co/iFqDZASdXI via @seeitmarket $SPY …
iHugo Albert
19 Apr 14 23:41:04
$SPY Emerging Markets: The Rally Is Over http://t.co/X9FeEeJftE
KiesenBiker
19 Apr 14 23:37:48
The Doom Of Markets http://t.co/6NZ5KeSjO1 by @andrewunknown $SPY $QQQ $IWM $STUDY @MarkDittli
MasterChartsTrading
19 Apr 14 23:35:49
Rally Alert. Initial Buy Signal - Weekly Commentary http://t.co/xJmpNMzaS1 #marketbreadth $SPY $TLT $UNG $GOLD $GDX http://t.co/41QuL4WtVX
Abiola
19 Apr 14 23:29:10
RT @Nouf_wpt: $TNX $USDJPY $SPX $SPY beware of the "bull trap" http://t.co/2NIcV4S9Qb
Rehab El-Helw
19 Apr 14 23:27:07
$SPY Trends and Influencers April 18, 2014 http://t.co/8uZsKJ3egO
LunaticTrader
19 Apr 14 23:25:33
Key reversal levels for week of April 21, 2014 with comments: http://t.co/Z0lySMVM3Z $QQQ $SPY $GLD $USO $TLT $DAX $FTSE $EURUSD
sam
19 Apr 14 23:23:55
RT @SwatOptions: Swat post ' $SPY BEAST IT ' on http://t.co/PjXIp45GH3 http://t.co/POOQkXbzMT
Eric Price
19 Apr 14 23:15:59
RT @SwatOptions: Swat post ' $SPY BOOOOM ' on http://t.co/PjXIp45GH3 http://t.co/caDNXGbiHK
iHugo Albert
19 Apr 14 23:14:08
$SPY Emerging Markets: The Rally Is Over http://t.co/XZGVNEtjtw
Seeking Alpha
19 Apr 14 23:08:16
The Coming Week: The State Of The Bull Market And What Could Kill It http://t.co/S6gW5LIdoR $DIA $SPY $QQQ $IWM
Seeking Alpha
19 Apr 14 22:46:57
Weighing The Week Ahead: Springtime Optimism? http://t.co/1DUFynT91q $SPY $QQQ $SH $DIA $SSO $SDS $PSQ $VOO $IVV $SPXU $UPRO $TQQQ $SPXL
Jim
19 Apr 14 22:42:35
RT @SwatOptions: Swat post ' $SPY 7k contracts MAY.02 CALL 187 at 1.43 ' on http://t.co/PjXIp45GH3 http://t.co/uXnvWILaIy
Fractal Trading
19 Apr 14 22:33:41
Tell us what you think about this weeks $SPY alert. How are you trading it? http://t.co/0EpFPpej4e
gangster ninja
19 Apr 14 22:30:26
Have Americans lost trust in the White House? http://t.co/8vqZclUgl4 #video $SPY
stock_fail
19 Apr 14 22:20:25
NASDAQ wins the latest hot IPO in http://t.co/pl74LRNw0z http://t.co/GcBF9krRVS #video $SPY
Scott Gillespie
19 Apr 14 22:14:42
RT @SeekingAlpha: The Event That Will End The Bull Market http://t.co/GJtXBf8QNw $SPY $SH $SSO $SDS $VOO $IVV $SPXU $UPRO $SPXL $RSP $RWL $…
Scott Gillespie
19 Apr 14 22:12:05
RT @SeekingAlpha: Emerging Markets: The Rally Is Over http://t.co/szHajfEV46 $SPY $EEM $VWO $EDC $EDZ $SCHE $IEMG $EEV $PIE $ADRE $EUM $EET…
Jim Rosenberg
19 Apr 14 22:09:36
“@SeekingAlpha: Emerging Markets: The Rally Is Over http://t.co/XJoR9iWMH0 $SPY $EEM $SCHE $IEMG $EEV $PIE $ADRE $EUM $EET $GMM $TLO $EEME”
Seeking Alpha
19 Apr 14 22:06:52
Emerging Markets: The Rally Is Over http://t.co/szHajfEV46 $SPY $EEM $VWO $EDC $EDZ $SCHE $IEMG $EEV $PIE $ADRE $EUM $EET $GMM $TLO $EEME
David
19 Apr 14 22:05:02
RT @KevinBCook: "@UPB: $SPY $FB $PCLN $TWTR $Z From earlier this week on why markets had sold off http://t.co/LTnwV1YKOg" Spot on. 40yrs d…
				
				
By  +Follow October 16, 2013 8:45AM
Share:

Comments

 

blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

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