Notable ETF Movers of the Day 05/03: (UNG) Higher; (GDX) (USO) Lower

May 3, 2012 12:34 PM EDT
  • United States Natural Gas (NYSE: UNG) up 3.96 percent to $16.81. Nat gas prices are higher following storage data for last week showing stockpiles rose 28 billion cubic feet, compared with expectations for a 31 bcf gain.
  • Market Vectors Gold Miners ETF (NYSE: GDX) down 3.59 percent to $44.02. Gold lower following the European Central Bank decision to leave rates alone. Speculators had been hoping for more stimulus, which had been keeping prices afloat for the period.

  • United States Oil (NYSE: USO) down 2.28 percent to $38.98. Crude slumping on ISM data and initial claims numbers. Wednesday, crude inventories rose by 2.8 million barrels to 375.9 million last week, according to new data from the EIA. The Street was looking for a more modest gain of 2.5 million barrels. Front month contracts are down $2.29 to $102.93 per barrel on the Comex.

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