Close

Notable ETF Movers of the Day 02/01: (SPY) (XHB) (TAN) Higher; (VXX) (UNG) (UUP) Lower

February 1, 2012 11:59 AM EST
Gainers
  • SPDR S&P 500 (NYSE: SPY) up 1.05 percent to $132.70. U.S. markets are gaining Wednesday following strong economic and jobs data. ADP reported the addition of 170,000 jobs in January, which was in-line with views. Last months number was revised slightly lower.

    The ISM index rose to 54.1 in January, missing views calling for 54.5, but still indication of expansion. Construction spending popped 1.5 percent in December, far above expectations for a 0.5 percent increase.

    Germany reported PMI of 51.0 in January, which was up from 48.4 the prior month. PMI in the U.K. moved from 49.7 to 52.1.

  • SPDR S&P Homebuilders (NYSE: XHB) up 2.57 percent to $19.15. Homebuilders moving higher on stronger construction spending in the U.S. for December. Leading the ETF higher is Masco Corporation (NYSE: MAS), which is up 2.5 percent on the session.

  • Guggenheim Solar (NYSE: TAN) up 2.97 percent to $3.12. GT Advanced Technologies Inc. (Nasdaq: GTAT) is pushing the ETF higher ahead of its third-quarter earnings report, which is expected out after the market closes. In addition, Suntech Power (NYSE: STP) is higher after signing a PV development agreement with DuPont.
Receders
  • iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 2.64 percent to $26.15. The CBOE VIX is lower Wednesday on global economic data and jobs numbers in the U.S. Currently, the index is down about 5.3 percent.

  • United States Natural Gas (NYSE: UNG) down 2.76 percent to $5.10. Well, its about 45-degrees Fahrenheit where we're at, when the typical temp in January supposed to be closer to 30-degrees on average. This warmer weather is causing a lag in demand, and a decline in prices. Nat gas futures are down $0.16 to $2.387 per mmBtu on the Comex today.

  • PowerShares DB US Dollar Index Bullish (NYSE: UUP) down 0.72 percent to $21.96. The dollar is weaker Wednesday as investors' risk appetite grows on better economic data both in the U.S. and across the pond. The euro is up 0.8 percent to $1.3199.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

ETFs, Special Reports

Related Entities

Construction Spending, Standard & Poor's, Notable ETF Movers, Earnings