Notable ETF Movers of the Day 08/12: (SPY) (USO) (TAN) Higher; (XRT) (VXX) (GLD) Lower


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

  • SPDR S&P 500 (NYSE: SPY) up 1.49 percent to $119.08. U.S. markets are bouncing today, following what could mildly be put as a volatile week. Reuters/University of Michigan Sentiment hit a 31-year low of 54.9, while business inventories increased less than anticipated at 0.3 percent. Overall, most U.S. markets are down in the high-single digits for August, inclusive of today's bounce. Further, regulators in France, Belgium, Italy and Spain have imposed a 15-day short-selling ban, shoring-up some uncertainty in the area.

  • United States Oil (NYSE: USO) up 1.29 percent to $33.73. Crude making a move following stronger than anticipated retail sales data. September contracts are up $0.81 to $86.53 on the Comex.

  • Guggenheim Solar (NYSE: TAN) up 2.49 percent to $5.76. Nothing really significant in the solar sector today, shares mostly rebounding from depressed levels in August. Notably, a report today as India aiming to top the U.S. in solar installations with about $575 million of loans from the U.S. Export-Import bank. The Ex-Im bank is authorized by Congress to lend up to $100 billion to finance projects that buy U.S. goods and services. First Solar, Inc. (Nasdaq: FSLR), is up almost 2 percent on the session today.


Receders

  • SPDR S&P Retail (NYSE: XRT) down 0.23 percent to $47.10. Despite retail sales, excluding automotive sales, coming in ahead of views at 0.5 percent, JCPenney (NYSE: JCP) is weighing on the ETF following its second-quarter earnings report. Though JCPenney issued rather in-line results, it's third-quarter earnings outlook for 15 to 20 cents per share (including 5 cents in charges) was to the low-end of the 25 cent consensus. JCPenney is 0.5 percent lower on the session.

  • iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 2.61 percent to $32.90. When the volatility index is volatile, what is it called? The CBOE VIX reflecting what the UofM Sentiment Index reported for August, shifting above $40 at some points, which would be the highest since the financial meltdown and subsequent recession of 2008-09. The VIX is back down today, about 12.4 percent on the session.

  • SPDR Gold Shares (NYSE: GLD) down 1.17 percent to $168.75. Along with silver, gold was the go-to against volatile markets over the last week or so. Prices hit new records above $1800 per ounce over the week, but have pulled back today as investors are assessing market conditions. Additionally, prices dropped a little as the CME Group raised margin requirements 22 percent for gold futures.


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