Notable ETF Movers of the Day 01/02: (SMH) (XLF) Higher; (TLT) Lower

January 2, 2013 2:24 PM EST

Market Vectors Semiconductor ETF (NYSE: SMH) gained 3 percent to 33.3. Buy the rumor, sell the news? Not today. Investors were overwhelmingly positive on equities after lawmakers in Washington passed legislation effectively ending the fiscal cliff drama. While a battle over spending cuts still looms, investors hope certainty over tax policy will increase business capex. This is seen as a major positive for semiconductor stocks. Today’s winners included Intel (NASDAQ: INTC), Texas Instruments Inc. (NASDAQ: TXN), and Analog Devices, Inc. (NASDAQ: ADI), just to name a few.

Financial Select Sector SPDR (NYSE: XLF) gained 2.4 percent. Financials were especially volatile in the final days leading up to the dramatic conclusion to fiscal cliff talks. Bank of America (NYSE: BAC) stock was especially active heading into yearend, with shares climbing 18.5 percent in the past 30 days. In the past 52-weeks, BAC gained 100 percent.


iShares Barclays 20+ Year Treas Bond (NYSE: TLT) declined 1.25 percent to 119.7. With equities on the fly, bond prices slumped on Wednesday. Yields on 10-year U.S. treasures climbed 4 percent to 1.83. Looking forward, U.S. treasured could become a hot topic leading up to what may prove to be a contentious fight over the debt ceiling. Some fear bickering in Washington will lead to a U.S. debt downgrade by credit rating agencies.

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