Notable ETF Movers of the Day 12/01: XLE, SPY/QQQQ, SMH Higher; VXX, UUP Lower

• Energy Select Sector SPDR (NYSE: XLE) up 2.77% to $64.45. Energy stocks seeing some strong upside today as crude surges on stronger economic data rather than a surprise increase in stores. Crude inventories for the week ended November 27, 2010, rose by 1.07 million barrels, compared to analyst estimates calling for a 1.1 million barrel decrease.
  
  
• SPDR S&P 500 (NYSE: SPY) up 2.23% to
  $121.13 and PowerShares QQQ (Nasdaq: QQQQ) up 2.56% to $53.42. Indices as a whole are deeply in the green today, as economic data showed an improvement in productivity for the third quarter, along with a narrower drop in unit labor costs, and a better-than-expected ADP jobs report.
  
  
• Semiconductor HOLDRs (NYSE: SMH) up 3.22% to $32.04. Stronger today from a little M&A in the sector, as well as a possible early settlement
  between Intel (Nasdaq: INTC) and NVIDIA (Nasdaq: NVDA). Altera Corp.
  (Nasdaq: ALTR) is leading the ETF today, trading about 5.4% higher this afternoon.

• iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 6.23% to $46.22.
  The CBOE VIX near-tern ETF is lower as volatility in the market is low on positive buying stemming from strong jobs and factory data.
  
  
• PowerShares DB US Dollar Index Bullish (NYSE: UUP) down 0.89% to $23.29. Showing some weakness today following a successful €500 million bond auction in Portugal, bearing a yield of 5.28% from 4.81% in November. China's purchasing manufacturers'
  index also rose to 55.2 in November from 54.7 in October.

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