Notable ETF Movers 4/6: KRE, IYR, UUP Higher; XHB, SMH Lower

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April 6, 2010 1:05 PM EDT

Notable ETF Movers of the Day:

Gainers

SPDR KBW Regional Banking (NYSE: KRE) up 2.48% to $27.25. Shares in the banking sector are getting a boost as The Carlyle Group said that they have raised about $1.1 billion to invest in banks, insurance companies, and asset managers. Also, finacial reform seems to be clunking along rather poorly, both parties in disagreement. Financial Select Sector SPDR (NYSE: XLF) is also up 0.83% to $16.38.
iShares Dow Jones US Real Estate (NYSE: IYR) up 1.70% to $51.88. Shares of the ETF are booming as pending home sales showed a sharp increase. Peding home sales for February were 8.2%, up from a (7.8%) the prior month. The new home credit, that many may be taking advantage of, ends April 30, 2010.
PowerShares DB US Dollar Index Bullish (UUP) up 0.42% to $23.88. Rumors of wealthier Greek citizens reducing amounts in their Greek bank accounts has put a little pressure on the Euro, boosting the USD.

Receders

SPDR S&P Homebuilders (NYSE: XHB) down 0.64% to $17.19. Companies in the home sector are feeling some pressure upon several rating changes out of Stifel Nicolaus and Credit Suisse. Stifel had some stocks at Hold and Sell, while Credit Suisse downgraded three builders.
Semiconductor HOLDRs (NYSE: SMH) down 1.01% to $28.29. A mixed bag today after the Semiconductor Industry Association said that worldwide chip sales in February fell 1.3% from January, to $22 billion. However, February's sales were up 56% from a year ago.

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