Afternoon ETF Check: GDX, KBE Higher; UUP Lower

November 23, 2009 3:08 PM EST

HIGHER;

  • Market Vectors Gold Miners ETF (NYSE: GDX) up 1.52% to $51.59. Gold prices are higher as the dollar weakened versus the Euro. St. Louis Fed President James Bullard didn’t instill confidence on Sunday when he said that the central bank should retain the authority to buy mortgage-backed securities and agency bonds.

  • SPDR KBW Bank (NYSE: KBE) is up 2.26% to $22.15. On an overall up market day, some investor confidence may have been restored by BoA Merrill CEO Ken Lewis commenting on postponing his departure.
LOWER:
  • PowerShares DB US Dollar Index Bullish (NYSE: UUP) down $0.16, or 0.71% to $22.28. Dollar is weak against foreign currency as investors lose confidence upon St. Louis Fed President’s comments. Low interest rates also limit returns on U.S. investments, leading investors to diversify.


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GDX 42.57

+1.79 +4.39%
Volume: 24,229,260
Track GDX

KBE 22.18

+0.27 +1.23%
Volume: 5,735,798
Track KBE

UUP 23.49

-0.15 -0.63%
Volume: 11,684,759
Track UUP


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