Notable ETF Movers of the Day 01/23: (XLK) Higher; (GDX) (KOL) Lower

January 23, 2013 2:02 PM EST Send to a Friend
Gainers:

Technology Select Sector SPDR ETF (NYSE: XLK) gained 1 percent to 29.8. Today’s strength can be traced to two companies, IBM (NYSE: IBM) and Google (Nasdaq: GOOG). Both companies released positive quarterly earnings yesterday evening, sending shares sharply higher. Investors are now keeping a keen eye on shares of Apple (Nasdaq: AAPL) as they are set to report after the bell today.

Decliners:

Market Vectors Gold Miners ETF (NYSE: GDX) declined 1.9 percent to 45. Spot gold weakened on Wednesday, added to sector woes. Shares of Newmont Mining Corp. (NYSE: NEM) declined 1.5 percent after the company issued 2013 production guidance that failed to impress.

Market Vectors Coal ETF (NYSE: KOL) declined 0.7 percent to 25.7. Joy Global (NYSE: JOY) was among losers on Wednesday, falling more than 2 percent following a downgrade by analysts at Susquehanna. This helped add to negative sentiment in the space, with related names like Peabody Energy Corp. (NYSE: BTU) falling into the red.


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