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Notable ETF Movers 12/08: EWJ, VXX Up; SPY, FXI, USO, GDX Lower

December 8, 2009 12:39 PM EST
StreetInsider.com Notable ETF Movers:

HIGHER;

  • iShares MSCI Japan Index (NYSE: EWJ) up 0.50% to $9.96. Shares of the ETF are up after the Japan government unveiled a new emergency stimulus package worth $80 billion.

  • iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) is up 1.47% to $38.68. The ETF is up as the Fear Index is at higher levels today, in midday trading.


LOWER:

  • SPDRs (NYSE: SPY) down 0.89% to $109.85. The S&P 500 is lower on investor worries about the Greek credit rating, nervousness about Dubai, a strengthening dollar, and tepid guidance from Kroger (NYSE: KR), 3M (NYSE: MMM) and McDonald's (NYSE: MCD).

  • iShares FTSE/Xinhua China 25 Index (NYSE: FXI) down 1.48% to $43.98. China's Shanghai Composite fell as investors ran to take some profits upon fears that a recent surge in IPOs (nine this week) will dilute the market too much.

  • United States Oil Fund LP (NYSE: USO) down 1.33% to $36.99. Oil futures are still on a downward slope as the dollar is gaining strength. Generally, as the dollar rises, oil drops, and vice-versa.

  • Market Vectors Gold Miners ETF (NYSE: GDX) down 3.1%. The recent profit-taking in gold has hit the miners extra-hard.

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