Major Market ETFs Plunge During Last Hour

Ulli Market Commentary Contact

The markets did their best cliff dive imitation during the last hour of trading and surrendered all gains of what appeared to be a nice rebound. Causing the sudden change in sentiment were comments from Fed chairman Bernanke, during which he saw the recovery as uneven and also warned against a “sudden fiscal contraction” if spending would not be brought …

ETFs Pop On Merger News—SPY Gains 1.55%

Ulli Market Commentary Contact

Who cared about global hotspots and disasters? Yesterday, it was all about merger mania and excitement over AT&T’s intention to buy T-Mobile U.S.A. for $39 billion. The markets jumped right out of the gate, as the chart above (courtesy of marketwatch.com) shows. The ETF equivalent of the S&P 500, SPY, added +1.55%, slightly more than its underlying index, while small …