Notable ETF Movers of the Day 08/02: XLE, SPY, FXI Higher; VXX, UNG, UUP Lower
- Sysco (SYY) to Acquire US Foods in $3.5B Deal
- Pre-Open Stock Movers 12/9: (SYY) (GIVN) (UQM) Higher; (NIHD) (PLUG) (EZPW) Lower (more...)
- Covidien (COV) to Acquire Given Imaging (GIVN) for $30/Share
- China Mobile (CHL) May Start Taking Apple (AAPL) iPhone Preorders This Week
- 3D Printing Hype May Be 'Overdone' - Analyst (DDD) (SSYS) (XONE)
- Energy Select Sector SPDR (NYSE: XLE) up 3.19% to $55.56. Led higher today by Anadarko (NYSE: APC), which sold assets located in the DJ Basin of northeastern Colorado to Western Gas Partners, LP (NYSE: WES) for a $498 million consideration. Prices of crude oil are also north of $80 today, its highest level since May 2010, pushing the United States Oil (NYSE: USO) ETF up 3.2% to $36.46.
- SPDRs (NYSE: SPY) up 2.1% to $112.58. U.S. stocks gaining today, as many European banks are reporting stronger than expected earnings today. HSBC reported a near-100% increase in profit to $6.76 billion and BNP Paribas profit jumped 31%.
- iShares FTSE/Xinhua China 25 Index (NYSE: FXI) up 3% to $42.46. As China's PMI came in at 51.2, lower than June's 52.1, investors are taking it as a sign that the government won't establish any more economic tightening policies, at least for now.
- iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 4.25% to $21.61. A nice set of economic data today is restoring confidence to investors. Construction spending ticked up 0.1% for June, compared to the consensus of (0.8%), and (1.0%) for May. The CBOE VIX near-term is down 4.47% today.
- United States Natural Gas (NYSE: UNG) down 3.03% to $8.01. The Fed Chairman made comments about the state of the economy that investors are still weighing. Comments are less pessimistic than prior testimonies, but economic slowdown may still be around the corner. Additionally, nat gas are snapping a 6-day winning streak, suggesting that some investors may be taking a little profit today.
- PowerShares DB US Dollar Index Bullish (NYSE: UUP) down 1.01% to $23.50. Again, the U.S. dollar is weaker today as the euro is stronger on manufacturing data similar to that of the U.S., growth slowed less than forecast.
You May Also Be Interested In
- Facebook (FB) Can't Get Any S&P 500 Love... The Reason Explained
- Top 10 News for 12/02 - 12/06: Facebook Snubbed Again; Bitcoin Mania!; New Deal for Apple?
- Pre-Open Stock Movers 12/5: (CALI) (CBMX) (MEI) Higher; (SOL) (WTSL) (FRAN) Lower (more...)
Create E-mail Alert Related CategoriesETFs, Special Reports
Related EntitiesStandard & Poor's, HSBC, Crude Oil
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!