Notable ETF Movers of the Day 11/29: (USO) (XLE) (EWY) Higher; (VXX) (FXI) (XRT) Lower
Gainers
- United States Oil (NYSE: USO) up 1.66 percent to $38.48. Crude futures are trading higher following hopes for a debt solution in Europe, as well as Iranian protestors storming a British embassy in Tehran. Both news items were enough to sustain -- and even add to -- gains in crude already realized Monday on initial euro zone news. January contracts are $1.43 higher to $99.64 per barrel on the Comex.
- Energy Select Sector SPDR (NYSE: XLE) up 1.93 percent to $67.50. Many in the energy sector getting a boost from heightened crude prices, as well as Jefferies basically starting the sector with a Buy rating. Leading the move higher today are Halliburton Company (NYSE: HAL), which is 2.8 percent better on the session, and National Oilwell Varco (NYSE: NOV), which is 3.9 percent better Tuesday.
- iShares MSCI South Korea Index (NYSE: EWY) up 2.71 percent to $53.40. South Korean stocks making a strong move higher following U.S. economic data, as well as news out of Europe. The KRX100 most recently closed 2.5 percent better.
- iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 0.96 percent to $46.37. The CBOE VIX is about 2.8 percent lower Tuesday, following a surprise surge in consumer confidence, as well as other macro news. The Conference Board reported consumer confidence moved from 40.9 in October to 56.0 in November, the largest month-over-month jump since April 2003.
- iShares FTSE China 25 Index Fund (NYSE: FXI) down 0.49 percent to $34.44. Could be seeing a little pressure as Goldman Sachs recommended that investors exit China in 2012 on a glum outlook for its GDP. The firm also stated it was closing its trade on Chinese equities after the move lost about 5 percent. Earlier Tuesday, Citi and UBS AG both cut outlooks for global growth.
- SPDR S&P Retail (NYSE: XRT) down 0.44 percent to $49.95. Some investors might be taking a little profit in the retail sector following a nice pop on Monday stemming from Black Friday sales expectations. Retailers might see more action as Cyber Monday sales begin to unfurl. Leading the move lower is Lithia Motors (NYSE: LAD), which is 2.2 percent into negative territory Tuesday.
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