Notable ETF Movers of the Day 09/27: (SPY) (USO) (FXI) Higher; (VXX) (UUP) Lower

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September 27, 2011 12:35 PM EDT

Gainers

SPDR S&P 500 (NYSE: SPY) up 2.26 percent to $118.87. U.S. and world markets are ticking higher as European finance ministers are nearing a resolution for debt issues in Greece and other members with distressed sovereign debt. The S&P 500 is up about 2.4 percent, Nasdaq is 2.3 percent better, and the Dow Jones is about 2.4 percent stronger Tuesday.
United States Oil (NYSE: USO) up 2.92 percent to $32.39. Crude is bouncing today, November contracts up $3.50 to $83.74 per barrel on the Comex, a 4.3 percent jump, as investors hope for European debt resolution.
iShares FTSE China 25 Index Fund (NYSE: FXI) up 5.42 percent to $33.87. Along with Europe news, China's industrial profits continued showing strength, with year-to-date profits up 28.2 percent through August. Industrial revenue increased 29.9 percent to 53.2 trillion yuan over the first eight months of 2011. Revenue increased 16 percent from 45.9 trillion yuan recorded for the first seven months of 2011.

Receders

iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 5.47 percent to $45.94. The CBOE VIX is lower today as investors are showing more complacency on Europe news. The index is down 8.7 percent on the session, keeping well below the $40 price level.ott
PowerShares DB US Dollar Index Bullish (NYSE: UUP) down 0.77 percent to $22.01. Being used as a safe haven late last week and into this week, the U.S. dollar is lower is investors opt for more risk reward. The EUR/USD is up 0.58 percent to €1.3607.

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