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Notable ETF Movers of the Day 11/10: (USO) (SPY) (RSX) Higher; (UNG) (GLD) (TAN) Lower

November 10, 2011 12:37 PM EST
Gainers

  • United States Oil (NYSE: USO) up 1.32 percent to $37.50. Traders taking a cue from U.S. economic data today, as initial jobless claims came in below views, signalling potential continuation of economic recovery. Crude December contracts are $1.25 to $96.99 per barrel on the Comex.

  • SPDR S&P 500 (NYSE: SPY) up 0.56 percent to $123.85. U.S. markets are generally in positive territory Thursday, as initial jobless claims of 390 thousand came in below consensus estimates calling for about 400 thousand. The number is also down from 400 thousand the previous week.

  • Market Vectors Russia ETF (NYSE: RSX) up 2.54 percent to $29.90. Russian stocks moving higher on a jump in crude prices. Russia's Micex Index closed nearly 1.3 percent higher as crude has ripped through the month of October, and is continuing higher in November. Crude is up over 27 percent since hitting levels in the mid-$70s in early October.
Receders
  • United States Natural Gas (NYSE: UNG) down 0.83 percent to $8.33. Natural gas stockpiles increased 37 billion cubic feet (bcf) for the week ended November 4th, more than the 33 bcf expected according to Bloomberg data.

  • SPDR Gold Shares (NYSE: GLD) down 1.04 percent to $170.28. Gold prices moving south today, as investors are selling in order to pay off margins or offset some other losses with Europe still playing a key role in market movements.

  • Guggenheim Solar (NYSE: TAN) down 2.18 percent to $3.14. Solars are lower on the session following concerns that Chinese companies have been selling panels in the U.S. at unfair discounts. The move has prompted an investigation by the U.S. Commerce Department. China's Commerce Ministry said in a statement that the move might jeopardize China's cooperation on energy issues.


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Initial Jobless Claims, Natural Gas Inventories, Standard & Poor's, Crude Oil, Notable ETF Movers