Notable ETF Movers of the Day 09/03: XLF, XRT, SPY Higher; USO. GLD, VXX Lower

• Financial Select Sector SPDR (NYSE: XLF) up 1.41% to $14.42. Goldman Sachs (NYSE: GS) is leading the financials higher today, on better-than-average volume, heading north of 4.2% today. The markets are up overall today as nonfarm payroll numbers showed 67,000 net additions of jobs in the private sector (which excludes census workers).
  
  
• SPDR S&P Retail (NYSE: XRT) up 1.07% to $38.59. Retailers have produced and overall solid August showing, and retail sales across the pond are up 1.1% year-over-year, producing a good environment for this ETF to gain today.
  
  
• SPDR S&P 500 (NYSE: SPY) up 0.69% to $110.23. Reiterating that the markets are up on mostly solid economic data this week. The PowerShares QQQ (Nasdaq: QQQQ) is also up 1.04% today.

• United States Oil (NYSE: USO) down 1.98% to $32.74. Oil is seeing some downside today as the ISM Services index came in a 51.5, lower than the consensus of 53.0, and below the 54.3 reported for July. A lower ISM number indicates that non-manufacturing industries are growing at a slower rate, or receding if the previous number is higher. Earlier in the week, the EIA reported that oil stockpiles increased 4.04 million barrels.
  
  
• SPDR Gold Shares (NYSE: GLD) down 0.34% to $121.878. The gold ETF is down for the second straight day today as investors are reacting to jobs numbers today, along with solid August retail sales numbers earlier in the week. Gold is seen as a safe-haven to more volatile equities, and investors may be willing to take on more risk upon economic recovery.
  
  
• iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 3.14% to $19.42. The CBOE VIX volatility index is trading about 3.41% lower today as investors may be sneaking their way back into more risky assets on beliefs of a stronger economic recovery.

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