Equity investors continue to experience a roller coaster ride as a terrible run up to Thanksgiving was followed by a week significant gains in stock prices.
As the debt crisis and political uncertainty in Europe worsened, stocks began to turn down in the middle of November with the SPDR S&P 500 ETF (SPY) sliding over 8% by the end of Thanksgiving week.
Once the news from Europe turned positive, so did investors. SPY was up over 7% last week sparked by central bank actions to boost the economy.
SPY tracks the SP 500 Index. The index is market-cap weighted and includes 500 U.S. companies with market caps in excess of $5 billion. The expense ratio for the $90 billion ETF is 0.0945%.
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– ETF MarketPro Staff
December 5, 2011