Notable ETF Movers of the Day 10/07: (FXE) (GLD) (EWA) Higher; (UNG) (XLF) (XHB) Lower
- Sysco (SYY) to Acquire US Foods in $3.5B Deal
- Covidien (COV) to Acquire Given Imaging (GIVN) for $30/Share
- China Mobile (CHL) May Start Taking Apple (AAPL) iPhone Preorders This Week
- 3D Printing Hype May Be 'Overdone' - Analyst (DDD) (SSYS) (XONE)
- McDonald's (MCD) Global Comps Rose 0.5% in Nov.; APMEA Down 2.3%
- CurrencyShares Euro Trust (NYSE: FXE) up 0.40 percent to $134.54. Euro is making some gains, continuing momentum from yesterday, as nonfarm payroll data in the U.S. showed the addition of 137,000 positions, solidifying notions that an economic recovery might be continuing. The number comes following stronger ADP and initial claims data earlier in the week.
- SPDR Gold Shares (NYSE: GLD) up 0.14 percent to $160.72. Gold holding up pretty well Friday, as investors may be doing some value buying upon the recent slide in prices. The metal is down 14 percent or so from recent record highs topping $1,920 per ounce. Gold December contracts are up $0.1 to $1653.3 per ounce on the Comex.
- iShares MSCI Australia Index (NYSE: EWA) up 1.78 percent to $21.68. Australian stocks are in positive territory following U.S. economic news and funding commitments in Europe by the ECB. Recent weakness in China and minerals pricing has affected Australia, an Asia/Pacific nation, but economic recovery in the U.S. and stability in Europe should ease both those measures. The S&P/ASX 200 ended up 93.0 to 4,162.9.
- United States Natural Gas (NYSE: UNG) down 2.38 percent to $8.61. The nat gas ETF hit a 52-week low earlier of $8.57. Nat gas may be trading lower as more moderate temps are expected in the Midwest and South, with a little frost expected overnight in the Northeast through the weekend. Additionally, initial buildup of a disruption by Philippe is now gone as the hurricane isn't expected to hit land in the U.S., much less the Gulf of Mexico.
- Financial Select Sector SPDR (NYSE: XLF) down 1.87 percent to $12.04. Being led by Citigroup (NYSE: C) and Bank of America (NYSE: BAC) today, with Citi down about 4 percent and BofA down about 5 percent. Though jobs data came in positive, recent issues with banks in Europe, specifically the trouble with Dexia, have many evaluating positions and just how much is left to lose by banks with distressed debt exposure.
- SPDR S&P Homebuilders (NYSE: XHB) down 1.85 percent to $13.80. Homebuilders are mixed, but KB Home (NYSE: KBH) is over 4 percent lower after it, and affiliates, entered a settlement with Focus South Group LLC over a Las Vegas-area development. KB Home, Beazer (NYSE: BZH), and Toll Brothers (NYSE: TOL) are expected to retain control of the development.
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Related EntitiesCiti, Bank of America, Standard & Poor's, Layoffs, Notable ETF Movers
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