ETF Movers: Hombuilder and Financial ETFs Jump Higher (XHB, XLF, KRE, KBE, RKH)
More News related to GDX
- Gold Over $940 as Dollar Weakens (GLD, GDX, ABX, AUY, more)
- Unusual 11 Mid-Day Movers 5/29: JCG, STSI, PNSN, INCY Higher; CPRX, OCLS, GM, WTSLA Lower
- Market Vector Gold Miners (GDX) volatility low as shares rally on $964 gold
- Gold Moves Higher (GLD)
- John Pauslon Gets Very Long Gold, Also Likes Big Phama (GLD, GDX, WYE, SGP)
More News related to KBE
- KBW Announces Changes to KBW Bank Index (BKX), KBW Insurance Index (KIX), and KBW Regional Banking Index (KRX)
- KBW Notes Short Interest Falls In Their Banking ETFs (KBE, KRE), But Surges In The Insurance ETF (KIE)
- Financial ETFs Under Heavy Pressure: XLF Down 11%, KBE Down 13%
- KBW Said Short Interest Rose In Insurance ETF, But Fell In Bank ETFs (KIE, KBE, KRE, KCE)
- ETF Movers: Energy ETFs Higher (XLE, OIH), Financial ETFs Lower (XLF, KBE, RKH)
More News related to KRE
- KBW Announces Changes to KBW Bank Index (BKX), KBW Insurance Index (KIX), and KBW Regional Banking Index (KRX)
- At Least Three Small Banks Already Halting Their TARP Dividends
- KBW Announces Second Quarter 2009 Rebalancing on its Family of U.S. Indices
- Goldman Sachs Upgraded Large U.S. Banks to Neutral, Also Upgrades Trust Banks and Credit Card Cos
- Regions Financial (RF) Moves Higher
ETF Movers:
SPDR S&P Homebuilders (AMEX: XHB) is 7% higher as the S&P/Case-Shiller Home Price Index, while negative, had a positive sign. They said, "One possible bright spot is that seven MSAs, while still negative, showed some improvement in their annual figures over those reported last month. Looking at the monthly statistics, seven of the 20 metro areas were positive for the May/April reading."
Claymore/MAC Global Solar Energy (AMEX: TAN) is 5.3% higher as solar stocks run in mid-day trading on hopes of positive developments in Spain related to subsidy cuts.
Financial Select Sector SPDR (AMEX: XLF) is 4.5% higher on hopes the CDO fire sale at Merrill Lynch (NYSE: MER) could signal a bottom in financials. Other financial ETFs on the move: KBW Regional Banking ETF (AMEX: KRE) and KBW Bank ETF (AMEX: KBE), Regional Bank HOLDRs (AMEX: RKH)
Market Vectors Steel ETF (AMEX: SLX) is 4% higher, driven by strong earnings results from U.S. Steel (NYSE: X).
Market Vectors Gold Miners ETF (AMEX: GDX) 2.8% lower. Gold off over 1% today.
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