Buckle up, exchange traded fund investors.

ETFs following various asset classes were seeing huge moves Tuesday as global stocks rallied on hopes Eurozone leaders will take additional steps to deal with the debt crisis. U.S. equities were rising after the Senate reached a deal to avoid a government shutdown.

“We’re hanging on to every word coming out of Europe,” said Elliott Roman, managing director at Direct Access Partners, in a WSJ.com report. “For today, and for the moment, things seem like they’re heading in the right direction. But volatility could take hold at any point.”

ETFs have seen big swings in recent weeks, and that trend continued Tuesday:

SPDR Dow Jones Industrial Average ETF

Chart source: StockCharts.com.

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