Notable ETF Movers 1/8: EWJ, XME, OIH Up; XLF, IYR Down
StreetInsider.com Notable ETF Movers:
HIGHER;
- iShares MSCI Japan Index (NYSE: EWJ) up 0.90% to $10.09. The Japanese yen is showing some weakness, pushing investors to put money into stocks. As a result, the Tokyo Stock Exchange closed marginally higher today.
- SPDR S&P Metals & Mining (NYSE: XME) trading at $57.85, a 1.96% gain. Miners are gaining as metals futures are on the rise on a weaker dollar.
- Oil Services HOLDRs (NYSE: OIH) up 1.58% to $131.47. Though oil futures are lower, Halliburton (NYSE: HAL) is up after Goldman Sachs upgraded them from Neutral to Buy. The shares currently up 4% to $33.80
LOWER:
- Financial Select Sector SPDR (NYSE: XLF) down 0.98% to $15.16. Lower as numbers for nonfarm payrolls came in at (85,000), much lower than the expected break-even result the Street was hoping for. Unemployment remains at 10%. Also, Citigroup lowered Q4 estimates in the banking sector citing lower fixed income trading revenue.
- iShares Dow Jones US Real Estate (NYSE: IYR) down 0.89% to $45.90. Petering off a little on news that the U.S. vacancy rate for the fourth quarter, at 17%, is a new 15-year high. Rent also fell 8.9% in the same quarter, the largest drop since 1980, when Reis, Inc. began to track the statistic.
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