Notable ETF Movers of the Day 12/23: (SPY) (TAN) (EWT) Higher; (UNG) (FXE) (RSX) Lower

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December 23, 2011 12:08 PM EST

Gainers

SPDR S&P 500 (NYSE: SPY) up 0.60 percent to $126.02. U.S. indexes are making a nice, gentle move higher into the holiday weekend, with lower volume all around. With no news out of Europe, traders are focused on economic data points. New home sales of 315,000 for November were better than the 313,000 expected, and 310,000 reported in October. Durable orders rose 3.8 percent, soaring above the 2 percent gain expected. Personal income grew just 0.1 percent, while spending increased 0.1 percent, missing views calling for growth of 0.2 percent and 0.3 percent,respectively.
Guggenheim Solar (NYSE: TAN) up 0.39 percent to $2.58. First Solar (Nasdaq: FSLR) and Trina Solar (NYSE: TSL) are leading higher, as many are reacting to the deal between Total SA (NYSE: TOT) and SunPower (Nasdaq: SPWR) over French solar provider Tenesol SA announced earlier. For more color on that, click here.
iShares MSCI Taiwan Index (NYSE: EWT) up 1.11 percent to $11.88. Shares of Taiwanese stocks continuing to rally following word that its government would take measures in order to stimulate the markets, and recent measures that would allow insurance companies to write-down about 50 percent of foreign exchange losses from the strengthening Taiwan dollar.

Receders

United States Natural Gas (NYSE: UNG) down 0.87 percent to $6.87. Nat gas futures moving lower on warmer weather expectations across the U.S. Above-normal temps are expected to hang around through at least the new year, according to several reports including the NWS and weather.com. Nat gas is down $0.032 to $3.137 per mmBtu on the Comex.
CurrencyShares Euro Trust (NYSE: FXE) down 0.09 percent to $129.87. The euro showing some weakness Friday, as some better than expected economic data in the U.S. that more new homes were sold than expected, durable orders came in strong, but personal income grew by a slimmer margin.
Market Vectors Russia ETF (NYSE: RSX) down 0.07 percent to $26.88. Russian stocks took a little tumble following a research note from VTB Capital showing the foreign investors pulled $413 million out of Russian equities last week.

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