Notable ETF Movers of the Day 11/29: (OIH) (XLB) Higher; (XRT) Lower
Tweet Send to a Friend
Gainers:
Market Vectors Oil Services ETF (NYSE: OIH) gained 1 percent to 38.50. Oil services companies rose as the price of WTI closed in on $88 per barrel on Thursday, recouping losses from early in the week. This lifted stocks in the sector, including shares of Transocean Ltd. (NYSE: RIG), which moved higher by 2 percent.
Materials Select Sector SPDR (NYSE: XLB) gained 0.7 percent to 36.6. Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) gained 1.5 percent, extending gains made on Wednesday. The move is tied to hopes of increases copper demand from China.
Decliners:
SPDR S&P Retail (NYSE: XRT) declined 0.75 percent to 63.3. Barnes & Noble (NYSE: BKS) declined 9 percent after missing Q2 EPS estimates. While digital revenues soared, BKS faces increased competition in the tablet space and is pricing its important Nook tablet at rock bottom prices, which is cutting into earnings. Barns & Noble is the top holding in XRT.
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
Market Vectors Oil Services ETF (NYSE: OIH) gained 1 percent to 38.50. Oil services companies rose as the price of WTI closed in on $88 per barrel on Thursday, recouping losses from early in the week. This lifted stocks in the sector, including shares of Transocean Ltd. (NYSE: RIG), which moved higher by 2 percent.
Materials Select Sector SPDR (NYSE: XLB) gained 0.7 percent to 36.6. Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) gained 1.5 percent, extending gains made on Wednesday. The move is tied to hopes of increases copper demand from China.
Decliners:
SPDR S&P Retail (NYSE: XRT) declined 0.75 percent to 63.3. Barnes & Noble (NYSE: BKS) declined 9 percent after missing Q2 EPS estimates. While digital revenues soared, BKS faces increased competition in the tablet space and is pricing its important Nook tablet at rock bottom prices, which is cutting into earnings. Barns & Noble is the top holding in XRT.
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
- UPDATE: 8x8 Inc. (EGHT) Misses Q4 EPS by 1c
- J.C. Penney Co., Inc. (JCP) Posts Q1 Loss of $1.31/Share; Comps Down 16.6%
- UPDATE: Aruba Networks, Inc. (ARUN) Misses Q3 EPS by 4c, Guidance Light
Create E-mail Alert Related Categories
ETFs, Special ReportsRelated Entities
Standard & Poor's, Notable ETF Movers, Earnings
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!
