Notable ETF Movers of the Day 07/01: (XLF) (SMH) (SPY) Higher; (UNG) (GLD) (VXX) Lower


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July 1, 2011 11:51 AM EDT Send to a Friend
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Price: $20.09 +0.50%

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Gainers

  • Financial Select Sector SPDR (NYSE: XLF) up 1.04 percent to $15.51. Citi (NYSE: C) is leading the group today, following reports it might actually be in serious talks to sell is OneMain (formerly Citi Financial) unit. Citi shares are up 1.8 percent on the session.

  • Semiconductor HOLDRs (NYSE: SMH) up 1.58 percent to $34.62. Semis might be moving today following final bids for Nortel's portfolio of 6,000 patents. The portfolio was won by a group led by Apple (Nasdaq: AAPL) and Microsoft (Nasdaq: MSFT) for $4.5 billion.

  • SPDR S&P 500 (NYSE: SPY) up 0.80 percent to $133.03. U.S. markets are trading higher today, following strong economic data. The ISM manufacturing index reported a surprise increase, to 55.3, from $53.5 in May. The Street was looking for a drop to 51.1. Any number above 50 shows growth in the sector.


Receders

  • United States Natural Gas (NYSE: UNG) down 1.18 percent to $10.89. Nat gas futures are trading lower as delays on hotter weather reaching key areas in the U.S. are being forecast. August contracts are trading $0.050 lower to $4.324 per mmBtu on the Comex.

  • SPDR Gold Shares (NYSE: GLD) down 0.75 percent to $144.91. Investors are cashing in on recent gains in gold as Greece continues to show positive signs of averting default, which boosted prices the last several sessions. August contracts are down $17.3 to $1,485.5 per ounce on the Comex. iShares Silver Trust (NYSE: SLV), another safe haven, is down 2.36 percent today.

  • iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 4.12 percent to $20.27. The CBOE VIX is down a further 6.6 percent on the session, making the drop on the week for the ETF a cool 17.3 percent. Sentiment in the markets is positive overall heading into the July 4th holiday weekend. U.S. markets will be closed Monday as an observance.


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