Notable ETF Movers of the Day 01/24: (UUP) (VXX) Higher; (EWJ) (GDX) (XLF) Lower
Gainers
- PowerShares DB US Dollar Index Bullish (NYSE: UUP) up 0.36 percent to $22.32. The U.S. dollar is making some gains Tuesday, as debt talks in Greece have reached an impasse and S&P cut ratings on French banks Societe Generale and Credit Agricole SA. Currently, the euro is situated down 0.1 percent to $1.3001.
- iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 0.83 percent to $27.95. The CBOE VIX is trading higher on news out of Europe, and the Bank of Japan cutting its real GDP growth forecast from a gain of 0.3 percent down to contraction of 0.4 percent for fiscal 2011. Heading into 2012, the BoJ lowered its outlook from 2.2 percent of growth to just 2.0 percent.
- iShares MSCI Japan Index (NYSE: EWJ) down 0.95 percent to $9.40. As noted above, the Bank of Japan cut its outlook on the Japanese economy, now seeing contraction for 2011. Japanese-based stocks are reflecting the sentiment today.
- Market Vectors Gold Miners ETF (NYSE: GDX) down 1.49 percent to $52.22. Barrick Gold Corporation (NYSE: ABX) is leading the sector lower today, following a downgrade by RBC from Outperform to Sector perform, while it's price target moves from $70 to $62. Also, investors might be doing some profit-taking following the recent rise in the metal.
- Financial Select Sector SPDR (NYSE: XLF) down 0.60 percent to $14.10. Financials showing signs of the uncertainty in Europe. Leading the group lower today are Wells Fargo (NYSE: WFC) and Citigroup (NYSE: C) which are down 1.42 percent and 1.98 percent respectively.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Citi Upgrades Regions Financial (RF) to Buy, 'Lessons Learned'
- ConocoPhillips (COP) PT Lowered to $133 at Piper Sandler
- Barclays explains why S&P 500 keeps rallying despite hot CPI, PPI data
Create E-mail Alert Related Categories
ETFs, Special ReportsRelated Entities
Citi, Standard & Poor's, Notable ETF Movers, Credit Agricole, Wells FargoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!