Notable ETF Movers of the Day 03/28: (TAN) (OIH) (FXE) Higher; (USO) (GLD) (VXX) Lower
Gainers
Receders
- Guggenheim Solar (NYSE: TAN) up 4.11% to $8.62. Led by LDK Solar (NYSE: LDK), which is up 4.9% today, following word that it is close to an IPO of its polysilicon unit.
- Oil Services HOLDRs (NYSE: OIH) up 2.76% to $163.76. Schlumberger (NYSE: SLB) leading the pack today, though the company said that it expects an impact of $0.08 - $0.10 in Q111 stemming from disruptions in the Middle East and North Africa. Schlumberger is up about 4% on the day.
- CurrencyShares Euro Trust (NYSE: FXE) up 0.17% to $140.40. The euro is trading a little higher today, following comments from ECB chief Trichet that inflation rates were durably above the price stability target. EUR/USD is currently up $0.0031 to $1.4106.
Receders
- United States Oil (NYSE: USO) down 1.02% to $41.75. Lower today as Libyan opposition is making gains against the government, with one representative for the group saying that exports of crude from the nation could resume within a week. Crude May 2011 contracts are down $0.77 to $104.63 per barrel on the Comex.
- SPDR Gold Shares (NYSE: GLD) down 0.51% to $138.55. Investors and traders taking a little profit today following gold's rally to a new record high last Friday of $1,448.60 per ounce. April 2011 contracts are down $10.5 to $1,418.2 per ounce on the Comex.
- iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 0.59% to $30.19. Mixed news out of Japan, M&A deals and home sales data which rose at an unexpected clip in February are supporting the U.S. markets today, taking volatility and wind out of the CBOE VIX.
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