Notable ETF Movers of the Day 08/08: (VXX) (GLD) (UUP) Higher; (SPY) (USO) (XLF) Lower
- Market Wrap: Durable Goods Order Outpace in Oct.; GoPro's Drone Ambitions; New Home Sales Fall Flat
- Deere & Co. (DE) Tops Q4 EPS by 26c
- After-Hours Stocks Movers 11/26: (CJES) (GPRO) Higher; (KITE) (AVNR) Lower (more...)
- U.S. Durable Goods Orders Show Surprise 0.4% Gain in Oct.; Inventories Rise to Highest-Ever Level
- GoPro (GPRO) Aims to Launch Consumer Drones Late Next Year
- iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 11.15 percent to $33.69. As U.S. markets tumble, volatility is extremely high. The CBOE VIX is up over 23 percent on the session.
- SPDR Gold Shares (NYSE: GLD) up 2.39 percent to $165.61. Gold has hit another all-time high, at $1,718.20 per ounce, as investors flock to the precious metal in a safe haven against market volatility.
- PowerShares DB US Dollar Index Bullish (NYSE: UUP) up 0.19 percent to $21.26. Along with gold, investors are more risk-adverse today following S&P's downgrade of U.S. debt from AAA to AA+. The U.S. dollar is gaining versus many competitors, with the EUR/USD trading down 0.7 percent to €1.4193/$.
- SPDR S&P 500 (NYSE: SPY) down 2.65 percent to $116.90. Markets are falling today following the downgrade of the U.S. by S&P over the weekend. Though the move was largely anticipated, it's long-term impact on market activity is lesser known, which is what many are trying to figure out. Also, SPDR Dow Jones Industrial Average (NYSE: DIA) is down 2.06 percent to $111.86, and PowerShares QQQ (Nasdaq: QQQ) is off 2.55 percent to $52.47.
- United States Oil (NYSE: USO) down 3.53 percent to $32.75. Crude September contracts are down $2.91 to $83.97 per barrel on the Comex following the downgrade of U.S. debt. Further, the U.S. dollar, as mentioned above, is holding it's own today, making crude contracts more expensive for buyers. The WSJ noted that prices are at their lowest levels in about nine months.
- Financial Select Sector SPDR (NYSE: XLF) down 4.47 percent to $12.83. The ETF hit a 52-week low of $12.78 on the session as financials appear to be one of the weakest sectors Monday. Bank of America (NYSE: BAC) is down just over 14 percent on the session, hitting support (for now) at the $7 price level.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Nuance Communications (NUAN) Tops Q4 EPS by 6c; Issues Light Q1 Outlook
- UPDATE: S&P Lowers Outlook on Armstrong World (AWI) to Stable; Sees Lower Sales, EBITDA in FY14, FY15
- S&P/Case-Shiller 20-City Index 0.34% vs 0.30% Expected
Create E-mail Alert Related CategoriesETFs, Special Reports
Related EntitiesBank of America, Standard & Poor's, Crude Oil, Notable ETF Movers
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!