Notable ETF Movers of the Day 06/07: (XRT) (SMH) (XLE) Higher; (VXX) (UNG) (UUP) Lower


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June 7, 2011 11:27 AM EDT Send to a Friend
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Price: $78.75 +0.82%

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Gainers

  • SPDR S&P Retail (NYSE: XRT) up 1.21 percent to $50.95. The ETF is being led by The Children's Place (Nasdaq: PLCE) today, with shares rocking 2.6 percent higher into its Analyst Day.

  • Semiconductor HOLDRs (NYSE: SMH) up 1.41 percent to $34.52. Intel Corporation (Nasdaq: INTC) is leading the ETF higher today, following a small dip toward the end of the session yesterday on news that IDC cut its FY11 PC sales forecast. Intel subsequently reaffirmed its Q2 outlook. Further, Xilinx (Nasdaq: XLNX) is moving higher today, as Goldman Sachs removed it from its Sell list.

  • Energy Select Sector SPDR (NYSE: XLE) up 0.87 percent to $74.20. Led in part by Halliburton Company (NYSE: HAL) today, which is up 1.9 percent, as Canaccord Genuity thinks that a recent Supreme Court ruling sell-off seems a bit excessive. Crude futures aren't doing much to sway shares today, ahead of OPEC's output decision.


Receders

  • iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 2.77 percent to $22.12. The CBOE VIX is trading higher today, ahead of Fed Chief Ben Bernanke's speech on the economy, expected out this afternoon. Many believe that the economy doesn't need further stimulus, though some monetary tightening may be in the works.

  • United States Natural Gas (NYSE: UNG) down 0.29 percent to $12.19. Nat gas futures slipping as milder weather bolsters the argument for increased stockpiles, and production might outpace demand. Nat gas futures are $0.034 lower to $4.793 per mmBtu on the Comex.

  • PowerShares DB US Dollar Index Bullish (NYSE: UUP) down 0.50 percent to $21.05. China's foreign exchange regulator international payment department head said that Beijing should guard against risks from holding too many U.S. dollars. Some also speculate further quantitative easing, adding to the dilution of the dollar.


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