Notable ETF Movers of the Day 09/12: (SMH) (USO) (VXX) Higher; (GLD) (EWZ) (MOO) Lower
- Apple (AAPL), China Mobile (CHL) Sign iPhone Deal - WSJ
- Market Wrap: Hayman Likes GM; Pandora Skirts Competition; Private Sector Jobs Bonanza
- After Hours Stock Movers 12/4: (PBYI) (MFRM) (GGP) Higher; (LGP) (SNPS) (ARO) Lower (more...)
- General Growth Properties (GGP) Set to Join the S&P 500
- Fed Saw 'Modest to Moderate' Growth with Stronger Manufacturing
- Semiconductor HOLDRs (NYSE: SMH) up 1.09 percent to $28.83. Chipmakers are trading higher today following the proposed $3.7 billion acquisition of NetLogic (Nasdaq: NETL) by Broadcom (Nasdaq: BRCM).
- United States Oil (NYSE: USO) up 1.39 percent to $34.32. Despite OPEC revising estimates for global oil demand lower, crude prices are up on Monday's session. OPEC cut demand estimates by 150,000 barrels per day fr 2011 and 40,000 for 2012 on a shaky global economic environment. Crude October contracts are $1.20 higher to $88.44 per barrel on the Comex.
- iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 3.75 percent to $47.55. The CBOE VIX is 7.7 percent higher Monday, as traders and investors are eying European debt, and some economists have cut growth expectations for the U.S. The National Association for Business Economics (NABE) cut it's GDP growth outlook from 2.8 percent to 1.7 percent for 2011. In 2012, NABE reduced its outlook from 3.2 percent to 2.3 percent. Otherwise, some fear that Moody's Investor Service might cut ratings on French banks due to Greek bond holdings.
- SPDR Gold Shares (NYSE: GLD) down 1.91 percent to $177.25. Gold is in negative territory Monday, as reports have investors exiting the metal to cover losses elsewhere as markets are lower on fear that Greece will default. The country confirmed Monday that it had enough cash for only a few more weeks.
- iShares MSCI Brazil Index (NYSE: EWZ) down 2.61 percent to $59.38. Brazil's Bovespa is 1.7 percent lower on European debt concerns. Brazilian companies generally draw a good portion of revenue from the U.S. and Europe for things like commodities and energy products.
- Market Vectors Agribusiness ETF (NYSE: MOO) down 1.97 percent to $49.14. Agriculture, machinery and food stocks are trading lower Monday as the World Agricultural Supply and Demand Estimates released it's annual outlook, and total corn use for 2011/2012 should be 400 million bushels lower than last month. Views on rice, cotton and soybeans were also trimmed.
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Related EntitiesStandard & Poor's, Crude Oil, OPEC, Notable ETF Movers
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