ETF Trends
ETF Trends

Exchange traded funds tracking U.S. stocks and the euro were set to open sharply lower Monday as worries over the debt problems in Europe’s periphery sapped sentiment.

SPDR S&P 500 ETF (NYSEArca: SPY) was down more than 1% in premarket trading as Dow futures dropped more than 100 points and the S&P 500 fell over 10 points.

CurrencyShares Euro Trust (NYSEArca: FXE), which follows the movement of the euro versus the dollar, slid nearly 1%.

Fitch downgraded Greece’s credit rating Friday while Standard & Poor’s cut its view on Italy.

The iPath S&P 500 VIX Short-Term Futures ETN (NYSEArca: VXX), which tracks futures contracts on Wall Street’s “fear gauge,” rose more than 3% before the bell.

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