Notable ETF Movers of the Day 03/05: (VXX) (FXE) Higher; (XLK) (UNG) (FXI) Lower

• iPath S&P 500 VIX Short Term Fund (NYSE: VXX) up 1.09 percent to $24.54. The CBOE VIX is up about 7 percent Monday on a couple of news bits. China Premier Wen Jiabao announced the trimming of China's growth outlook for 2012 from 8.0 percent to 7.5 percent, which was the first change since about 2005. For more color, click here.
  
  Elsewhere, a purchasing managers index by Markit Economics in London showed a decline from 50.4 in January to 48.8 in February. The initial survey on February 22nd returned a reading of 49.4.
  
  
  Finally, factory orders fell 1 percent in January, which was narrower than the 1.9 percent expected, and the ISM Services Index for February jumped 0.5 points to 57.3, better than expectations.
  
  
• Rydex CurrencyShares Euro Currency (NYSE: FXE) up 0.19 percent to $131.71. The euro seeing some strength Monday following China's trimmed outlook, as investors are turning to safer currencies as market volatility increases on fears of more global growth slowdown, or at least some pullback.

• SPDR Select Sector Fund - Technology (NYSE: XLK) down 0.76 percent to $28.86. The ETF taking an early dive as Apple (Nasdaq: AAPL) saw some unusual movement Monday. At about 11am EST, shares started to drop as volume increased, eventually moving 3 percent to $526 before all was said and done. Shares of Apple have slowly been working their way back higher on the session.
  
  
• United States Natural Gas Fund (NYSE: UNG) down 4.03 percent to $18.81. Amid reports that General Motors' (NYSE: GM) Chevrolet and GMC are debuting trucks which will be able to run on compressed natural gas (CNG) and gasoline, prices continue to slide on new weather forecasts calling for warmer conditions in the second-half of March. Nat gas April contracts are $0.112 lower to $2.372 per mmBtu on the Comex.
  
  
• iShares FTSE China 25 Index Fun (NYSE: FXI) down 2.88 percent to $39.11. Shares in China are lower following the reduced growth outlook for 2012. The Shanghai Stock Exchange closed about 0.7 percent Monday.

You May Also Be Interested In

• Natural Gas ETFs Quickly Spike to Highs
• After-hours movers: Alcoa rises; Equifax and Las Vegas Sands fall
• Netflix (NFLX) stock is overvalued says Benchmark, sees nearly 30% downside risk