“We really have no choice but to build a powerful wall or steel barrier,” said Trump. “If we don’t get a fair deal from Congress, the government will either shut down on Feb. 15, again, or I will use the powers afforded to me under the laws and the Constitution of the United States to address this emergency. We will have great security.”
Leveraged S&P 500 ETFs React
Leveraged S&P 500 ETFs such as the Direxion Daily S&P 500 Bull 2X ETF (NYSEArca: SPUU) and the Direxion Daily S&P500 Bull 3X ETF (NYSEArca: SPXL) were higher following the news of the deal. SPXL rose 2.60 percent while SPUU rose 1.82 percent.
SPUU seeks daily investment results equal to 300% of the daily performance of the S&P 500® Index. SPUU invests at least 80% of its net assets in securities of the index, ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index.
SPXL also seeks daily investment results that equal 300% of the daily performance of the S&P 500® Index. Like SPUU, the fund invests at least 80% of its net assets in securities of the index, ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index.
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