Notable ETF Movers of the Day 08/03: (FXE) (VXX) (SLV) Higher; (USO) (EWY) (SPY) Lower

August 3, 2011 12:14 PM EDT Send to a Friend
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Gainers

  • CurrencyShares Euro Trust (NYSE: FXE) up 0.73 percent to $142.57. The euro is showing some strength today following news that the second phase of the austerity vote in Greece was completed. The five-year 78 billion euro austerity plan includes further tax hikes and deep spending cuts agreed by the EU and the IMF which secures a second round of financial aid for the country.

  • iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 0.33 percent to $24.05. The VIX ETF showing some volatility in markets as a close lower for the ninth day on the S&P would be the langest streak in 33 years. Economic data today as ADP Employment gaining 114,000, better than expected, though ISM Services, at 52.7, was lower than the 53.7 expected.

  • iShares Silver Trust (NYSE: SLV) up 2.29 percent to $40.73. Silver and gold are making moves, as global markets continue to show weakness on European debt and U.S. ratings issues. September silver is up $1.603 to $41.695 per ounce on the Comex.


Receders

  • United States Oil (NYSE: USO) down 1.25 percent to $35.94. Inventories rose by about one million barrels last week, which was in-line with forecasts, but economic data has many believing continued economic recovery in the U.S. is puttering.

  • iShares MSCI South Korea Index (NYSE: EWY) down 2.67 percent to $62.02. South Korea shares reeled one fears of a double-dip recession in the U.S., where South Korea derives a substantial part of its revenues.

  • SPDR S&P 500 (NYSE: SPY) down 0.43 percent to $124.95. Though U.S. markets are off of daily lows, economic data continues to weigh amid debt limit resolution. The S&P 500 hit a fresh 52-week low of $1,234.56 (double checked, thats the number!).



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