The S&P 500 ETF is poised to gain more than 1%
The S & P 500 ETF rose as much as 1.5% Thursday after rising nearly 3% on Thursday, a sign that investors are willing to bet on the index.
The S&s S≈P500 ETF (SPY) gained more than 2% in the past week, the highest weekly gain in more than a year.
The index was already on track for a gain of more than 6% Thursday, when the S&ip index of more or less the same companies surged 3%.
The S ≈ P500 index is up about 10% this year and has gained almost 4% so far this year, so Thursday’s gains suggest investors are taking advantage of the strong rally in stocks.
Investors have been flocking to the S &ip 500 index in anticipation of a rally in the index’s index, which tracks the S.&=;P.
500 companies, in the wake of President Donald Trump’s decision to withdraw from the Paris climate accord and other climate-related decisions.
On Thursday, the S=amp;p500 index was up more than 3%, which is the highest since October 2016.
The index rose about 4% in early morning trading, after climbing 3% Thursday morning.
The fund’s rise was fueled by investors taking a chance on the S/amp;SPY index, as well as the S, S&op;P, and SPY ETFs, which are linked.
The SPY index rose more than 8% in 2016 after surging 6% in 2017.
Investors have been betting on the SPY and the S-P-X ETFs.