Notable ETF Movers of the Day 09/14: (UNG) (SPY) (SMH) Higher; (TAN) (GLD) (USO) Lower
Gainers
Receders
- United States Natural Gas (NYSE: UNG) up 1.50 percent to $10.18. Nat gas contracts are $0.059 higher to $4.039 per mmBtu as General Electric (NYSE: GE) made recent comments that gas turbine sales are returning, causing speculation of increased nat gas demand.
- SPDR S&P 500 (NYSE: SPY) up 0.59 percent to $118.43. After starting out in negative territory today, many markets are perking up this afternoon. Initially, economic data showing lower retail sales and producers prices than expected turned markets sour, but would of support for a Greek default and China being ready to buy bonds from debt-laden nations in Europe is adding some stability heading into the afternoon.
- Semiconductor HOLDRs (NYSE: SMH) up 1.55 percent to $30.09. Being pushed higher today as investors become excited on the introduction of Microsoft's (Nasdaq: MSFT) Windows 8, as well as Intel (NYSE: INTC) and Google (Nasdaq: GOOG) partnering to optimize Android for Intel Atom chips.
Receders
- Claymore/MAC Global Solar Index (NYSE: TAN) down 0.43 percent to $4.59. Jefferies is running the tablet on solar downgrades, moving from Trina (NYSE: TSL), to JA Solar (Nasdaq: JASO), and others within the sector. JA Solar is off more than 8 percent on the news.
- SPDR Gold Shares (NYSE: GLD) down 0.78 percent to $177.15. Gold is slightly lower Wednesday, about $6.1 to $1826.3 per ounce, as investors and traders shifted back out of the metal on debt talks in Europe that left demand for the metal still uncertain.
- United States Oil (NYSE: USO) down 1.38 percent to $34.37. Crude is trading lower after refinery production dropped 2 points to 87 percent. EIA data showed reserves fell 6.7 million barrels last week, wider than the 3.1 million analysts were forecasting. Crude is $1.32 lower to $88.89 per barrel on the Comex.
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