Notable ETF Movers 3/29: XME, USO, XLE, FXI Up; XRT, UUP Down
Notable ETF Movers of the Day :
Gainers
Receders
Gainers
- SPDR SP Metals & Mining (NYSE: XME) up 3.05% to $57.42. Copper is getting yet another boost on falling inventories and stabilization in Europe. Both are positive indicators of increasing demand.
- United States Oil (NYSE: USO) up 2.91% to $39.96. Weakness in the U.S. dollar tied to stronger conditions in Europe is driving investors to oil for a little more appreciation. Commodities as a whole are seeing some upside in the U.S. market today.
- Energy Select Sector SPDR (NYSE: XLE) up 2% 2% to $57.25. Goldman Sachs upgraded Oil & Gas E&P stocks from Neutral to Attractive saying natural gas prices are near a bottom.
- iShares FTSE/Xinhua China 25 Index (NYSE: FXI) up 1.84% to $41.58. Shares of the ETF are seeing some upside as investors anticipated the launch of a futures market in China, potentially boosting the demand for blue-chip stocks. Fears of monetary tightening still remain a concern.
Receders
- DR S&P Retail (NYSE: XRT) down 0.14% to $41.56. Shares of the retailers are mixed today, with no extreme direction either way. Data came in today showing that personal income and spending were down just slightly M/M.
- PowerShares DB US Dollar Index Bullish (NYSE: UUP) down 0.33% to $23.89. Shares are down as confidence is returning to Europe on positive news of financing for Greece.
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