ETF Movers 7/30: Oil ETFs Higher, Steel ETF Jumps Again

July 30, 2008 3:44 PM EDT

ETF Movers:

Oil Services HOLDRs (AMEX: OIH) is up 5.2% as Crude rose $4.54 today on a sharp drop in crude supplies and news that embattled Israeli Prime Minister Ehud Olmert will step down. Other oil related ETFs are also higher: Energy Select Sector SPDR (AMEX: XLE), United States Oil (AMEX: USO).

Market Vectors Steel ETF (AMEX: SLX) is 5% higher on continued strength in the sector following strong earnings results from U.S. Steel (NYSE: X) yesterday.

Market Vectors Agribusiness ETF (AMEX: MOO) is 3.5% higher after coming off its highs recently.

SPDR S&P Homebuilders (AMEX: XHB) is 1.9% lower today, giving back a portion of yesterday's 8% gain. Notably, Toll Brothers (NYSE: TOL) CEO Bob Toll set up a plan to sell 3 million shares, which is not a good sign if you want to see a bottom in the sector.

SPDR Gold Shares (NYSE: GLD) down 1.2%, following the $10 drop in Spot Gold. Spot Gold was below $900 earlier but has recovered to $908. Other gold ETFs are also lower: Market Vectors Gold Miners ETF (AMEX: GDX) -7%


Related Categories

Insiders' Blog
Special Reports

Stocks Mentioned

GDX 23.03

+4.83 +26.54%
Volume: 8,974,651
Track GDX

GLD 78.85

+5.40 +7.35%
Volume: 30,468,352
Track GLD

MOO 22.18

+2.10 +10.46%
Volume: 470,281
Track MOO

OIH 73.82

+6.62 +9.85%
Volume: 16,987,800
Track OIH

SLX 23.21

+2.98 +14.73%
Volume: 248,299
Track SLX

TOL 14.99

+0.09 +0.60%
Volume: 7,719,302
Track TOL

USO 41.00

+1.45 +3.67%
Volume: 11,464,330
Track USO

X 24.91

+3.94 +18.79%
Volume: 15,094,339
Track X

XHB 8.98

+0.10 +1.13%
Volume: 6,573,626
Track XHB

XLE 44.42

+4.46 +11.16%
Volume: 75,365,958
Track XLE


Add Your Comment