Notable ETF Movers of the Day 09/28: (EWJ) (XLE) (FXE) Higher; (FXI) (TAN) (XLB) Lower
- U.S. Adds Jobs at Higher Clip in November, Unemployment Rate Falls to 7%
- Pre-Open Stock Movers 12/6: (ENZN) (GERN) (PSUN) Higher; (IOC) (ULTA) (PWRD) Lower (more...)
- Sears Holdings (SHLD) Files to Spin-Off Lands' End Unit
- Wow - Bitcoin 'is' the New Gold
- J.C. Penney (JCP) Discloses Letter from SEC on Liquidity, Cash, Debt and Stock Offering
- iShares MSCI Japan Index (NYSE: EWJ) up 1.52 percent to $9.69. Japan is trending higher today, as Democratic Party leader Seiji Maehara suggested that Japan set up a sovereign wealth fund to help stem high yen and sell assets in order to reduce tax increases on it's quake reconstruction fund. According to the WSJ, Japan's Prime Minister Yoshihiko Noda said he'd consider it.
- Energy Select Sector SPDR (NYSE: XLE) up 0.45 percent to $62.01. The ETF is being supported by three large energy companies Wednesday: Exxon (NYSE: XOM), ConocoPhillips (NYSE: COP), and Chevron (NYSE: CVX), which are all up over 1 percent on the session. The move by the three is opposite that taken by the rest of the market, and crude oil, which are all trading lower on the session.
- CurrencyShares Euro Trust (NYSE: FXE) up 0.27 percent to $135.80. Support for a Greek bailout got another member: Finland. The Finnish Parliament voted 103 to 66 in favor of lending aid to the distressed nation. After Finland, seven of 17 members in the euro group still have yet to make a decision.
- iShares FTSE China 25 Index Fund (NYSE: FXI) down 2.37 percent to $32.96. China stocks are hitting a 14-month low as the Shanghai Composite Index fell 1 percent to 2,392.06 Wednesday. Stocks have been seeing weakness as China's government has been making moves to curb inflation and increase reserves in banks. France reported that it's economy stalled in the second-quarter, while South Korean manufacturing sentiment hit a 21-month low, Bloomberg reports this morning. All are contributing to recent weakness in the sector.
- Guggenheim Solar (NYSE: TAN) down 3.80 percent to $3.54. First Solar (Nasdaq: FSLR) is leading the move lower Wednesday, down about 6 percent, as Cantor Fitzgerald slashed its price target on the stock 38 percent from $88 to $55, maintaining a Sell rating.
- Materials Select Sector SPDR (NYSE: XLB) down 2.50 percent to $31.07. The move is being bolstered by Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), which is down over 5.5 percent as coal and precious metal prices continue to weaken. Gold and silver are lower as investors have increased risk tolerance and are making their way back into equities.
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