Market Wrap-Up

During a week that saw investors digest a $787 billion stimulus plan, a $75 billion mortgage relief program and turnaround plans for ailing auto makers, it took a last-minute White House press conference to keep the market from truly falling off a cliff. The Dow Jones Industrial Average had breached its 12-year low over concerns banks could be nationalized. Stocks regained some of that ground when White House spokesman Robert Gibbs took to the airwaves to say: This administration continues to strongly believe that a privately held banking system is the correct way to go. The Dow closed down 100 points Friday and lost 480 on the week. To see a complete market wrap-up click here.

In a day of heavy, volatile trading, ETFs changed hands in the hundreds of millions of shares. The top volume funds were SPDR S&P 500 Trust (SPY), with 387 million shares moving; the SPDR Select Financials (XLF), at a volume of 337 million; and Direxion s Financial Bull 3X Shares (FAS), which moved 181 million shares.

This week gold was the favorite safe haven for many investors. It briefly crossed the $1,000-an-ounce level before closing the week at $993.

Winners

ProShares UltraShort Financials (SKF), which leverages the bet against the financial sector, was a big winner for the week, gaining 19.5%. The SPDR Gold Shares ETF (GLD) rose 2.7% for the week, and the iShares Silver Trust (SLV) closed 2.9% higher as metals drew investors seeking traditional safe harbor investments.

Losers

The late-market rally off the low still left a few casualties for the week: ProShares Ultra Financials fund (UYG) shed 20.1%, while the Regional Bank HOLDRS Trust (RKH) lost 13.4%.

This Week s Industry News

Data Point
A report published this week by Strategic Insight said ETF assets could top $1 trillion in the next several years, which would nearly double the assets in those funds.

Next Week s Notebook

Earnings and Conference Calls

Monday
American Reprographics, Bidz.com, Campbell Soup, General Growth Properties, Hecla Mining, Hertz Global Holdings, Nordstrom, PC Mall, TGE, Valspar

Tuesday
Applied Signal Technology, Astec Industries, Atlas Air, Balchem, Boise, Cardtronics, Chicago Bridge & Iron, Domino s DreamWorks Animation SKG, Dresser-Rand, Dycom Industries, Entercom Communications, First Energy, Fresh Del Monte Produce, H.J. Heinz, Heidrick and Struggles International, Herbalife, Kendle, Macy s, Marvel Entertainment, Papa John s International. Radio Shack, the St. Joe Company, Steven Madden, Thomson Reuters, Versant, World Wrestling Entertainment, Wynn Resorts

Wednesday
Ambac, Assured Guaranty, Cadbury, Cliffs Natural Resources, Dine equity, Dollar Tree Stores, Eaton Vance, Equity One, Fluor, Gamin, J.M. Smucker, Land O Lakes, Martha Stewart Omnimedia, Metropolitan Health, NetEase.com, Quaker Chemical, Saks, Salesforce, Toronto Dominion, United Rental, Visteon, Washington Post, Zale

Thursday
Allianz, American Tower, Auto Desk, Biovail, Big 5 Sporting Goods, Blue Coat Systems, Cooper Tire & Rubber, Dell, Dynegy, El Paso, Gap, Global Systems, Human Genome Sciences, Kohls, MoneyGram International, Repsol YPF, Royal Bank of Canada, Safeway, Sotheby s, Vonage Holdings

Friday
Calpine, Deutsche Telekom, James River Coal, Phoenix Companies, Westar Energy

Economic Data

Monday
10:30 a.m. Feb. Dallas Fed Mfg Production Index

Tuesday
7:45 a.m. ICSC Chain Store Sales Index
8:55 a.m. Redbook Retail Sales Index
9:00 a.m. Dec. S&P/Case Schiller Home Price Index
10:00 a.m. Feb. Richmond Fed Manufacturing Survey
10:00 a.m. Feb. Conference Board Consumer Confidence
4:30 p.m. API Oil Industry Report
5:00 p.m. ABC/Washington Post Consumer Confidence

Wednesday
7:00 a.m. MBA Mortgage Application Refinance Index
10:00 a.m. Jan. Existing Home Sales
10:30 a.m. U.S. Energy Dept. Oil Inventories

Thursday
8:30 a.m. Initial Jobless Claims
8:30 a.m. Jan. Durable Goods Orders
10:00 a.m. Dec. New Home Sales
10:00 a.m. DJ-BTMU Business Barometer
10:30 a.m. EIA Natural Gas Inventories

Friday
8:30 a.m. 4Q Preliminary GDP
9:45 a.m. Jan. Chicago PMI
10:00 a.m. End-Feb. Reuters/University of Michigan Sentiment Index

Quick Take

A look at how the industry's most popular ETFs did on Friday.