Notable ETF Movers 12/18: UNG, GLD Up; XRT, FXI, XHB Down
StreetInsider.com Notable ETF Movers:
HIGHER;
LOWER:
HIGHER;
- United States Natural Gas (NYSE: UNG) up 1.15% to $10.58. Still riding the wave of greater than expected declines in inventories, Henry Hub natural gas February 2010 contracts are up $0.29 to $5.797, a 0.5% increase over yesterday's close.
- SPDR Gold Shares (NYSE: GLD) up 0.94% to $108.37. GLD is up despite gold futures and spot being down marginally on a stronger dollar. Contracts of February 2010 gold futures are down $2.50 to $1104.90, a 0.2% drop.
LOWER:
- SPDR S&P Retail (NYSE: XRT) down 2.26% to $34.53. The ETF is lower ahead of "Super Saturday," which is the last Saturday to shop before Christmas (i.e. - another day of procrastination for this author). Several retailers have made the news, but Zale's (NYSE: ZLC) is canceling orders under weight of mounting debt and sales declines.
- iShares FTSE/Xinhua China 25 Index (NYSE: FXI) down 1.13% to $41.29.The Chinese yuan made a late gain yesterday as the People's Bank of China set the dollar-yuan parity rate higher at 6.8284, from 6.8281, on FOMC positive economic sentiment.
- SPDR S&P Homebuilders (NYSE: XHB) down 1.37% to $14.72. Lower as KB Home's (NYSE: KBH) CFO Raymond Silcock leaves the company abrupty, though rumors to a SEC probe link are quickly squelched. Hovnanian (NYSE: HOV) is also down as their CEO says the company won't be profitable until after 2010.
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