Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
This site uses Akismet to reduce spam. Learn how your comment data is processed.
The red lines on the chart below represent the trading range of the SPDR S&P 500 Index ETF (NYSE: SPY) yesterday (Wednesday). As you can see, trading remained very concentrated throughout the day, as both bullish and bearish investors traded on the assumption that U.S. Federal Reserve Chairman Ben S. Bernanke would move the markets. When the Fed Chairman revealed no explicit policy changes, the vast majority of traders sold their positions after-hours, creating a large spike in volatility.
News and Related Story Links:
Tags: s&p 500 index, s&p 500 index etf, s&p 500 index etfs, s&p 500 index fund, spdr s&p 500 index etf (nyse: spy)