Afternoon ETF Check: GDX, KBE Higher; UUP Lower
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.
- 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.
Create E-mail AlertRelated Categories
Special ReportsStocks Mentioned
-0.76
+0.14Related Entities
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!
