Notable ETF Movers of the Day 11/30: (SPY) (FXI) (XLF) Higher; (VXX) (UUP) (UNG) Lower


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November 30, 2011 11:57 AM EST Send to a Friend
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Gainers

  • SPDR S&P 500 (NYSE: SPY) up 3.42 percent to $124.15. U.S. markets are moving higher Wednesday on several bits of economic data released today, as well as moves by several central banks to support the global financial system. Primarily, ADP data showed the addition of 206,000 to payrolls in November, far above the 130,000 expected on the Street.

  • iShares FTSE China 25 Index Fund (NYSE: FXI) up 5.48 percent to $36.17. China stocks are moving on U.S. economic data, as well as the People's Bank of China moving to cut rates of the first time in three years. In an effort to boost liquidity in its system, China cut reserve requirements by one-half a percent, which was the first time since December 2008. The reserve requirement is now at 21 percent, and about $61 billion will be freed up on the move.

  • Financial Select Sector SPDR (NYSE: XLF) up 4.31 percent to $12.59. Financials -- generally one of the weaker sectors in the market -- are making a strong move higher today as economic data and central banks moves are combining to power markets higher. JPMorgan (NYSE: JPM) and Citi (NYSE: C) are leading higher, both up over 6 percent.


Receders

  • iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 7.21 percent to $42.57. The CBOE VIX is 8 percent lower on an overall positive market day, as investors pile money back into equities on eased Europe tension, and increased payroll numbers from ADP.

  • PowerShares DB US Dollar Index Bullish (NYSE: UUP) down 0.99 percent to $22.03. Investors seeking more risk are moving out of the safe have dollar and into assets which might provide better returns. Additionally, news out of Europe is pushing the euro higher, now trading about 1 percent better to €1.3465 per dollar.

  • United States Natural Gas (NYSE: UNG) down 1.88 percent to $7.85. Natural gas futures are lower Wednesday, following a nice pop on Tuesday, as forecasts call for average temps across much of the U.S., suggesting delayed taps into stores as consumers hold off on turning up the heat in the colder winter months. Nat gas January contracts are $0.078 lower to $3.555 per mmBtu on the Comex.


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