U.S. stock exchange traded funds (ETFs) were set to follow futures higher at Wednesday’s open while J.P. Morgan shares rose after the Dow component reported a first-quarter jump in profit.
SPDR S&P 500 ETF (NYSEArca: SPY) was up 0.5% in premarket trading. The ETF lost nearly 1% in Tuesday’s sell-off in stock and commodity markets. The portfolio is up 4.5% year to date.
Investors will be looking for reports Wednesday on retail sales, business inventories, and also the Fed’s Beige Book.
ETFs tracking the financial sector could see action this week following J.P. Morgan’s results, while Bank of America reports Friday.