Notable ETF Movers 1/21: UNG, VXX, KBE Up; XLF, XME, EEM Down
StreetInsider.com Notable ETF Movers:
HIGHER;
- United States Natural Gas (NYSE: UNG) up 1.51% to $10.07. Natural gas data from the EIA showed a decline in stores for the week ended 1/15/10, more than analyst expectations of 223 Bcfe - 227 Bcfe.
- iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 3.42% to $28.76. The CBOE VIX volatility indicator is up today as traders are looking for a bit of an upswing, as options are being bid up today. The VIX is up about 10.8% to 20.70. A correction of this magnitude shouldn't surprise too many investors, and the VIX is still at the 20 range, signaling some investor complacency is still in effect.
- SPDR KBW Bank (NYSE: KBE) up 0.80% to $23.90. Shares are benefiting as fears of more regulation of larger banks looms.
LOWER:
- Financial Select Sector SPDR (NYSE: XLF) down 2.5% to $14.70. Shares of banks are trading lower today after President Obama's speech which will look to imposed Glass-Steagall-like impositions on banks, requesting a separation of underwriting and trading from traditional banking business, among other stipulations.
- SPDR S&P Metals & Mining (NYSE: XME) down 4.66% to $52.34. Metals are seeing a little bit of a sell off today as investors are continuing to see the U.S. dollar as somewhat of a safe haven ahead of Chinese and American banking regulation, and European credit concerns.
- iShares MSCI Emerging Markets Index (NYSE: EEM) down 2.32% to $40.80. Emerging markets are feeling a pinch on financial regulation worries and debt. B of A Merrill Lynch says that worries over China may be overblown, as the country is withdrawing stimulus measures in an orderly fashion.
Create E-mail AlertRelated Categories
Special ReportsStocks Mentioned
+0.00Related 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!
