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Notable ETF Movers of the Day 08/25: (XLF) (UNG) (VXX) Higher; (SPY) (GLD) (XLE) Lower

August 25, 2011 11:40 AM EDT
Gainers
  • Financial Select Sector SPDR (NYSE: XLF) up 0.87 percent to $12.81. Led by Bank of America (NYSE: BAC) today, which received a $5 billion infusion from Buffett's Berkshire Hathaway (NYSE: BRK-A). BofA is up 13 percent on Thursdays session.

  • United States Natural Gas (NYSE: UNG) up 1.43 percent to $9.92. EIA reported nat gas store rose 73 billion cubic feet last week, which was toward the lower-end of the 72 to 76 bcf expected

  • iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 2.25 percent to $41.82. The CBOE VIX is up 7.2 percent on the session as investors keep sights on Hurricane Irene. Initial claims leaped 5000 to 417,000 last week, from 415,000 the prior week. The Street was looking for a drop to 400,000.
Receders
  • SPDR S&P 500 (NYSE: SPY) down 1.04 percent to $116.85. The S&P, et al, are headed south after initially starting in the green Monday. Jobless claims and hurricanes are the talk, with most U.S. market down about 1 percent.

  • SPDR Gold Shares (NYSE: GLD) down 1.24 percent to $169.51. Gold is moving lower for a third day as traders are positioning for more quantitative easing stemming from Jackson Hole. Though investors still may keep a potential U.S. recession in sights, risk appetites have increased on possibly more stimulus. Gold December contracts are down $13.0 to $1744.3 per ounce on the Comex.

  • Energy Select Sector SPDR (NYSE: XLE) down 1.52 percent to $64.95. Big oil feeling a pinch today as prices tumble. UBS and Citi cut global GDP outlooks for fiscal 2011 and 2012. According to Reuters, "UBS slashed its global gross domestic product (GDP) growth forecast for 2012 to 3.3 percent, while Citigroup cut its global GDP growth view for 2011 to 3.1 percent from 3.4 percent, and for 2012, to 3.2 percent from 3.7 percent." WTI October contracts are down about $0.98 to $84.18 on the Comex.


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