Notable ETF Movers of the Day 05/08: (VXX) (UUP) Higher; (USO) (XLY) Lower
- Futures fall on Trump's protectionist address
- Qualcomm (QCOM) Calls Apple's (AAPL) Claims 'Baseless'
- Unease over Trump sends dollar to one-and-half month low
- Kate Spade (KATE) Said to Attract Interest from Coach (COH) and Michael Kors (KORS) - Bloomberg
- European stocks fall, investors seek safety after Trump address
- iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 5.19 percent to $17.84. The CBOE VIX is trading about 9 percent higher Tuesday as investors keep an eye on Greece following the election of Alexis Tsipras. Tsipras is not a fan of austerity and markets are reacting.
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- PowerShares DB US Dollar Index Bullish (NYSE: UUP) up 0.25 percent to $22.09. The U.S. dollar is firm Tuesday as many seek refuge from overall volatility on European news. The euro is down 0.5 percent to $1.3018.
- United States Oil (NYSE: USO) down 1.73 percent to $36.41. Crude slipping on the stronger dollar, which makes contracts more expensive to outside investors (those not buying in U.S. dollars, which the contracts are denominated in). Crude is also just about $97, its lowest point since the end of 2011.
- Consumer Discret Select Sector SPDR (NYSE: XLY) down 1.98 percent to $44.00. The ETF being led by McDonald's (NYSE: MCD) which reported just a 3.3 percent gain in global comps for April, from $6.0 percent in the prior year and internal expectations calling for a 4.0 percent gain. McDonald's shares are off 1.9 percent.
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