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Notable ETF Movers of the Day 12/12: (TAN) (ITB) Higher; (RTH) Lower

December 12, 2012 12:44 PM EST Send to a Friend

Guggenheim Solar (NYSE: TAN) gained 10 percent to 16.90. Stocks in the solar sector experienced strength across the board with new reports detailing China's continued support for companies in the sector. In 2012 China spent 2 billion on solar subsidies, a figure that could double in 2013. Top gainers in the sector include Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) and JA Solar Holdings Co., Ltd. (Nasdaq: JASO).

iShares Dow Jones US Home Construction ETF (NYSE: ITB) gained 2.5 percent to 20.5. Gains come as new home mortgage applications in the U.S. rose 6.2 for the week ending December 7th. Investors are also anticipating ongoing support from Ben Bernanke and the Fed, as it announces ongoing plans to buy assets. The actions reduce borrowing costs and spur housing demand. Ryland Group Inc. (NYSE: RYL) and DR Horton Inc. (NYSE: DHI) were among today's winners, with broad strength across the sector.


Market Vectors Retail ETF (NYSE: RTHdeclined 0.3 percent to 44.8. Retail stocks were mixed intraday, with box retailers Wal-Mart (NYSE: WMT) and Target (NYSE: TGT) falling 2.3 and 1.5 percent, respectively, while shares of Walgreen Co. (NYSE: WAG) inching higher.

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