The Latest News:

  • The S&P 500 Index broke to new historic highs after Congress drafted a last minute proposal to extend to the debt ceiling.
  • “The focus is squarely back to where it is supposed to be, on earnings and the economy,” Frank Fantozzi, chief executive of wealth manager Planned Financial Services, said in a Wall Street Journal article. “The markets are confident in the direction they are heading.”
  • The markets will be bullish, but in a slow pragmatic manner,” Fantozzi added.
  • Analysts calculate that S&P 500 companies’ profits increased 1.1% year-over-year.
  • However, some economists are already warning that the prolonged government shutdown will reduce fourth quarter U.S. GDP numbers.

Guggenheim Raymond James SB-1 Equity ETF

For past stories in this series, visit our ETF Spotlight category.

Max Chen contributed to this article.

Subscribe to our free daily newsletters!
Please enter your email address to subscribe to ETF Trends' newsletters featuring latest news and educational events.