Notable ETF Movers of the Day 02/21: (GLD) (DIA) XLE) Higher; (UNG) (IYR) Lower
Gainers
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- SPDR Gold Trust (NYSE: GLD) up 1.87 percent to $170.48. Gold seeing some upside today as the debt deal in Greece gave a boost the euro. Investors are taking another good look at the euro and shifting from the U.S. dollar as interest rates remain very low. The continued weakness in the dollar is a boon for gold, whose contracts are dollar denominated.
Gold is $30 higher to $1,755.9 per ounce on the Comex.
- SPDR Dow Jones Industrial Average (NYSE: DIA) up 0.25 percent to $129.55. The Greek deal is adding some positive sentiment to the markets and pushing the Dow Jones Industrial Index above 13,000 for the first time since May 2008.
- SPDR Select Sector Fund - Energy (NYSE: XLE) up 0.60 percent to $75.32. Energy stocks are moving higher along with a similar move in crude prices. With Greece now receiving its €130 billion bailout, risk of contagion from a default is now significantly lower. There are still several issues with European debt which needs to be addressed, but Greece in particular has been weighing on investors' minds over the last year or so...more if you think back to initial riots in 2010.
- United States Natural Gas Fund (NYSE: UNG) down 2.50 percent to $5.47. Nat gas getting hit Tuesday on warmer weather expectations. The ETF moved 8.1 percent higher Thursday and Friday last week on storage data, though overall stockpiles are much higher when compared with 1- and 5-year data. Some might also be taking profit following the recent move.
- iShares Dow Jones U.S. Real Estate (NYSE: IYR) down 1.13 percent to $60.44. Though it was announced that Grubb & Ellis was seeking bankruptcy protection, today the company said it would sell most of its assets to BGC Partners. The news shaking up the real estate segment a bit Tuesday, with American Tower (NYSE: AMT) the sole holding in the ETFs top 10 which is higher on the session.
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