S&P 500 ETF Repairs Some Damage: 'Not Near A Recession'

Otmane El Rhazi from Investor's Business Daily - ETFs RSS.

Major U.S. ETFs bounded out of the starting gate Tuesday, with SPDR S&P 500 (SPY) grabbing back much of its Monday loss. Emerging market and China ETFs drove international action, rallying from a weeklong slump as China overnight cut interest rates for a fifth time in nine months to buttress economic growth. Doubts about China's economic stability precipitated a global stock market rout Monday, causing major indexes to fall into a correction and