Notable ETF Movers of the Day 10/04: (USO) (TAN) Higher; (UUP) Lower

October 4, 2012 2:38 PM EDT
Get Alerts USO Hot Sheet
Trade USO Now!
Join SI Premium – FREE


United States Oil ETF (NYSE: USO) gained 3.7 percent to 33.8. Oil recovered yesterday’s losses as tensions in the Middle East once again took center stage. Reports from yesterday about Turkey shelling Syria made the rounds and this causes concerns among some investors. Investors also appear somewhat reluctant to hold large positions in crude heading into Friday’s jobs number.

Guggenheim Solar (NYSE: TAN) gained 3.7 percent to 16.91. Trina Solar (NYSE: TSL) and LDK Solar Co., Ltd. (NYSE: LDK) saw strong gains, as did other companies in the sector. Today’s advance reverses losses from early in the week, as trading in the space remains choppy.


PowerShares DB US Dollar Index Bullish (UUP) declined 0.7 percent to 21.75. The dollar index fell in part because of gains in the spot rate for EUR/USD. ECB president Mario Draghi spoke today, expressing his willingness to buy government bonds in Spain in an effort to stabilize the cost of debt in the region, and this helped support the euro.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

ETFs, Special Reports

Related Entities

Crude Oil, Notable ETF Movers

Add Your Comment