U.S. stock exchange traded funds were poised for a slightly higher open on Wednesday. Investors continue to speculate that European leaders will announce a plan to fight the debt crisis at a summit this week.
“All is not lost for investors, especially as U.S. growth rates appear to be accelerating,” said Dan Greenhaus, chief global strategist at BTIG, in a Bloomberg report. “The only question at this point is how deep the European recession will be and what effect it has on other regions.”
SPDR S&P 500 ETF (NYSEArca: SPY) has gained about 5% over the past week and is up 2% year to date.
Here’s a look at the top ETF stories making the rounds online this morning:
- ETF Investors Survive Rocky November. [The Street]
- Some ETF Investors to Take Tax Hit. [Motley Fool]
- Gold, Corporate Bond ETFs Popular in November. [Barron’s]
- Wednesday’s ETF Chart to Watch: New Zealand. [ETFdb]
- Best ETF for 2012: Silver Miners. [Motley Fool]
- iShares Files for Three Emerging Markets ETFs. [Benzinga]
- Advisors More Bullish After Rally. [ETF Trends]
- Gold ETFs Up 20% This Year. [ETF Trends]
- Utilities ETFs Near All-Time Highs. [ETF Trends]
SPDR S&P 500
Full disclosure: Tom Lydon’s clients own SPY.