Happy Tuesday. The U.S. markets continued their strong start to the week in the morning, with stock indexes up nearly 1%. Stocks pared those early gains through midday, but nearly 60% of U.S. issues advanced. The Russell 2000 stood decisively out in front heading into the last hour of trading, up over half a percentage point; large cap indexes were up closer to a quarter of a percent.
State Street's SPDR S&P 500 ETF Trust, or $SPY for short, had become synonymous with what is arguably the world's largest most-watched equity index. That was, until last year.
Competing S&P 500 ETFs from Vanguard ($VOO) and BlackRock ($IVV) blew by the one-time leader, with the changing fortunes atop the ETF world boiling down to one thing: the cost.
TheStreet is a personal finance editorial news platform meant to provide its users with content for educational and informational purposes only. TheStreet is not an investment broker or a financial advisor, and does not give financial, legal, tax or personalized investment advice.
