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Notable ETF Movers of the Day 01/24: (UUP) (VXX) Higher; (EWJ) (GDX) (XLF) Lower

January 24, 2012 11:46 AM EST
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.
Receders
  • 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.


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