ETF Midday Check: UUP Higher; USO, XLE, SMH, SLV/GLD Lower

November 12, 2009 12:07 PM EST

StreetInsider.com Notable ETF Movers:

HIGHER;

  • PowerShares DB US Dollar Index Bullish (NYSE: UUP) rising, up 1.16 to $22.74, on lower than expected initial jobless claims.
LOWER:
  • United States Oil Fund LP (NYSE: USO) down about 2.64% to $39.48. News that crude oil inventories gained by 1.76 million barrels, showing a wider gap between supply and demand.

  • Energy Select Sector SPDR (NYSE: XLE) also down 1.84% to $57.12. The fund is reacting on the crude inventory data, as many of its holdings are oil related (XOM, COP, OXY, HAL, and more).

  • Semiconductor HOLDRs (NYSE: SMH) relatively flat after an early-market spike on news that AMD settled with Intel to the tune of $1.25 billion. The ETF is currently trading at $25.76, down about 0.08%. AMD is only a 1% holding in this ETF.

  • iShares Silver Trust (NYSE: SLV) down 1.85% to $16.97 and SPDR Gold Shares (NYSE: GLD) down 0.86% to $108.66, are both reacting to a stronger dollar and lower futures.


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Stocks Mentioned

GLD 114.29

+0.51 +0.45%
Volume: 9,482,948
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SLV 17.24

+0.08 +0.47%
Volume: 4,436,130
Track SLV

SMH 27.64

-0.44 -1.57%
Volume: 23,486,100
Track SMH

USO 35.06

+0.70 +2.04%
Volume: 9,668,985
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UUP 23.73

-0.16 -0.67%
Volume: 2,504,260
Track UUP

XLE 53.95

+0.08 +0.15%
Volume: 14,557,204
Track XLE


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