ETFs on the Rise Despite Recent Giant Market Drop | ETF Trends

Exchange traded fund (ETF) investors are still a little nervous after last week’s plunge sent the Dow Jones industrial average and the S&P 500 on their largest drop in five years. The Dow is down about 4.6% from its July 19 record close of 14,000.41, collapsing under the pressure of a possible unsteady lending environment, according to Madlen Read for the Associated Press.

Although the market was shaky today, it ended on a positive note, as you can see from the chart below. The ETFs that track the Dow (DIA), S&P 500 (SPY), Nasdaq (QQQQ) and Russell 2000 (IWM) were all up. However, market watchers say investors should continue to expect high volatility.

Index_etfs_chart_2

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.