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Notable ETF Movers of the Day 09/02: (GLD) (VXX) (UUP) Higher; (XLF) (USO) (XRT) Lower

September 2, 2011 11:43 AM EDT
Gainers
  • SPDR Gold Shares (NYSE: GLD) up 2.63 percent to $182.55. Gold December contracts are $47.6 higher to $1876.7 per ounce, according to Comex data, as the flat nonfarm payroll number is far below expectations of an addition of 73,000 or so onto payrolls. ADP numbers showed an increase of 91,000 on Wednesday, while initial claims came in at 409,000, above the 407,000 consensus.

  • iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 4.08 percent to $41.11. The CBOE VIX is 6.4 percent higher Friday on nonfarm payroll numbers, as well as a stagnant unemployment rate that helf at 9.1 percent.

  • PowerShares DB US Dollar Index Bullish (NYSE: UUP) up 0.24 percent to $21.21. The dollar is a little stronger today following nonfarm numbers and ho-hum economic data throughout the week pointing to the Fed taking further action for monetary easing. The EUR/USD is down 0.25 percent to €1.4224.


Receders

  • Financial Select Sector SPDR (NYSE: XLF) down 2.68 percent to $12.73. The ETF getting led lower by Bank of America Corp (NYSE: BAC), which is down over 6 percent on the session, following reports the Fed is taking stronger measures against the bank. Click here for more color on that.

  • United States Oil (NYSE: USO) down 1.68 percent to $33.89. No jobs and growth means flat demand for crude oil. October contracts are $1.93 lower to $87.00 per barrel on the Comex.

  • SPDR S&P Retail (NYSE: XRT) down 2.35 percent to $47.36. Retail stocks are lower as discretionary spending is going to be tight with U.S. households until further direction about either further quantitative easing or other measure to bring growth in the job market in realized. Sears Holdings Corporation (Nasdaq: SHLD) is leading the ETF lower, down about 4 percent on the session Friday.


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