Notable ETF Movers of the Day 12/26: (VXX) Higher; (XRT) (XLK) Lower

December 26, 2012 1:06 PM EST

iPath S&P 500 VIX ST Futures ETN (NYSE: VXX) gained 5.3 percent to 33.7. Volatility on the S&P 500 ramped on Wednesday, gaining close to 9 percent. The VIX index stood at 19.4 mid-day, just shy of the important 20-handle, the line in the sand in terms of investor fear, say some. The VIX index has risen steadily as the clock ticks down to automatic, mostly disjointed and ill planned spending cuts, also known as the fiscal cliff.


SPDR S&P Retail (NYSE: XRT) declined 1.8 percent to 61. MasterCard data showed a smaller than expected increase in holiday shopping of 0.7 percent. The dismal numbers contradict early reports that called for health spending gains, and came as a surprise to many investors. Sears Holdings Corporation (Nasdaq: SHLD) was among losers, declining 3.65 percent, with broad weakness throughout the sector.

Technology Select Sector SPDR (NYSE: XLK) declined 0.8 percent. Shares of Apple (Nasdaq: AAPL,) the largest component in XLK, declined 1.4 percent. Shares of Apple have been under pressure for weeks, though investors note support near $500, which may prove to be critical from a technical perspective – or at least in terms of investor psychology. Recent reports say Apple will likely sell more iPad minis than previously thought, though this is largely offset by concerns about cannibalization of its full sized, higher-margin iPad. Apple trades at $513.

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