Notable ETF Movers of the Day 10/17: (XHB) (XME) Higher; (XLK) Lower
Tweet Send to a Friend
Get Alerts TOL Hot Sheet
Up)
Trade TOL Now!
Gainers:
SPDR S&P Homebuilders (NYSE: XHB) gained 32.7percent to 26. Economic data, including housing starts and building permits, showed large gains in September, fueling bullish sentiment for homebuilder stocks. Building permits rose 15 percent, outpacing expectations.
SPDR S&P Metals & Mining (NYSE: XME) gained 2 percent to 46.60. Shares of AK steel (NYSE: AKS) jumped 3.75 percent ahead of China Q3 GDP data tomorrow. Economists are projecting a decline to 7.4 percent year-over-year. If this proves to be correct, it may force China’s government to take additional steps to stimulate the economy.
Decliners:
Technology Select Sector SPDR (NYSE: XLK) declined 0.4 percent to 30.3 XLK’s decline comes in response to two significant earnings reports yesterday by giants Intel (Nasdaq: INTC) and IBM (NYSE: IBM). Both stocks are trading lower today.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
SPDR S&P Homebuilders (NYSE: XHB) gained 32.7percent to 26. Economic data, including housing starts and building permits, showed large gains in September, fueling bullish sentiment for homebuilder stocks. Building permits rose 15 percent, outpacing expectations.
SPDR S&P Metals & Mining (NYSE: XME) gained 2 percent to 46.60. Shares of AK steel (NYSE: AKS) jumped 3.75 percent ahead of China Q3 GDP data tomorrow. Economists are projecting a decline to 7.4 percent year-over-year. If this proves to be correct, it may force China’s government to take additional steps to stimulate the economy.
Decliners:
Technology Select Sector SPDR (NYSE: XLK) declined 0.4 percent to 30.3 XLK’s decline comes in response to two significant earnings reports yesterday by giants Intel (Nasdaq: INTC) and IBM (NYSE: IBM). Both stocks are trading lower today.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Abercrombie & Fitch Co. (ANF) Misses Q1 EPS by 4c; Guides FY Below Views
- Hewlett-Packard Company (HPQ) Tops Q2 EPS by 6c as Sales Slide 10%
- Wal-mart (WMT) Posts Q1 EPS of $1.14; U.S. Comps Down 1.4%; Guides Q2 EPS
Create E-mail Alert Related Categories
ETFs, Special ReportsRelated Entities
Standard & Poor's, Notable ETF Movers, Earnings, Housing Starts
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
