Notable ETF Movers of the Day 12/13: (RTH) Higher; (SLV) (XOP) Lower
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Gainers:
Market Vectors Retail ETF (NYSE: RTH) gained 0.4 percent on news November retail sales rebounded. While data showed a smaller than expected rise of 0.3 percent compared to forecasts of 0.5 percent, today's data was strong enough to support an advance in retail sector stocks. Shares of CVS (NYSE: CVS) gained 2.3 percent after it raised its dividend 38.5 percent to $0.225.
Decliners:
iShares Silver Trust ETF (NYSE: SLV) declined 2.8 percent to 31.4. The selloff came as the spot price of silver dipped back to $32.50. Yesterday, silver prices closed in on $34 right before a speech by Fed Chairman Ben Bernanke, which reversed positive sentiment created when the Fed announced additional asset purchases tied to unemployment rates. Bernanke’s comments tamped down the idea of "QE forever", sending silver, gold, and other precious metals lower. SPDR Gold Shares (NYSE: GLD) is lower by 0.8 intraday on Thursday, and Market Vectors Gold Miners ETF (NYSE: GDX) is lower by 2.4 percent.
SPDR S&P Oil & Gas Exploration & Production ETF (NYSE: XOP) declined 1 percent to 54. Cabot Oil & Gas Corporation (NYSE: COG) and a number of other names traded lower, but there was not massive selling in the sector, and the downdraft is likely related to fiscal cliff concerns, as worries over tax rates continue to weigh on dividend paying stocks.
Market Vectors Retail ETF (NYSE: RTH) gained 0.4 percent on news November retail sales rebounded. While data showed a smaller than expected rise of 0.3 percent compared to forecasts of 0.5 percent, today's data was strong enough to support an advance in retail sector stocks. Shares of CVS (NYSE: CVS) gained 2.3 percent after it raised its dividend 38.5 percent to $0.225.
Decliners:
iShares Silver Trust ETF (NYSE: SLV) declined 2.8 percent to 31.4. The selloff came as the spot price of silver dipped back to $32.50. Yesterday, silver prices closed in on $34 right before a speech by Fed Chairman Ben Bernanke, which reversed positive sentiment created when the Fed announced additional asset purchases tied to unemployment rates. Bernanke’s comments tamped down the idea of "QE forever", sending silver, gold, and other precious metals lower. SPDR Gold Shares (NYSE: GLD) is lower by 0.8 intraday on Thursday, and Market Vectors Gold Miners ETF (NYSE: GDX) is lower by 2.4 percent.
SPDR S&P Oil & Gas Exploration & Production ETF (NYSE: XOP) declined 1 percent to 54. Cabot Oil & Gas Corporation (NYSE: COG) and a number of other names traded lower, but there was not massive selling in the sector, and the downdraft is likely related to fiscal cliff concerns, as worries over tax rates continue to weigh on dividend paying stocks.
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