Notable ETF Movers of the Day 12/31: (XME) (GDX) Higher; (TLT) Lower
Tweet Send to a Friend
Gainers:
SPDR S&P Metals & Mining ETF (NYSE: XME) gained 2.9 to 44.9. The rally in materials was tied to positive manufacturing data out of China, with final HSBC December PMI coming in at 51.5 vs. 50.5 in November, its highest level in 19-months. Investor had previously priced in a reading of 50.9. Peabody Energy Corp. (NYSE: BTU) was among today's winners, gaining 3.7 percent.
Market Vectors Gold Miners ETF (NYSE: GDX) gained 2.2 percent to 45.9. Gold miners ripped higher as lawmakers in Washington made progress on fiscal cliff negotiations. Gains came prior to a speech in Washington by President Obama. During the speech, the President said a deal is within sight.
Decliners:
iShares Barclays 20+ Year Treas Bond (NYSE: TLT) declined 1.7 percent to 121.25. Long-dated U.S. bonds declined as investors sought risk assets in anticipation of an end to the stalemate in budgetary talks. Yeilds on 10-year bonds rose above 1.75 percent, lowering bond prices.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
SPDR S&P Metals & Mining ETF (NYSE: XME) gained 2.9 to 44.9. The rally in materials was tied to positive manufacturing data out of China, with final HSBC December PMI coming in at 51.5 vs. 50.5 in November, its highest level in 19-months. Investor had previously priced in a reading of 50.9. Peabody Energy Corp. (NYSE: BTU) was among today's winners, gaining 3.7 percent.
Market Vectors Gold Miners ETF (NYSE: GDX) gained 2.2 percent to 45.9. Gold miners ripped higher as lawmakers in Washington made progress on fiscal cliff negotiations. Gains came prior to a speech in Washington by President Obama. During the speech, the President said a deal is within sight.
Decliners:
iShares Barclays 20+ Year Treas Bond (NYSE: TLT) declined 1.7 percent to 121.25. Long-dated U.S. bonds declined as investors sought risk assets in anticipation of an end to the stalemate in budgetary talks. Yeilds on 10-year bonds rose above 1.75 percent, lowering bond prices.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
Create E-mail Alert Related Categories
ETFs, Special ReportsRelated Entities
Standard & Poor's, Barclays, HSBC, Barack Obama, Notable ETF Movers
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
