Notable ETF Movers of the Day 03/14: (VXX) (TAN) Higher; (NLR) (SPY) (EWJ) Lower

<
li>iPath S&P 500 VIX Short-Term Futures ETN (NYSE:
VXX) up 1% to $33.33. Though many companies have commented that their operations have been unaffected and employee count is what it should be, the tragic earthquake and subsequent tsunami in Japan late last week is still being digested by the markets for the potential impact to crude prices, nuclear stocks as reactors have trouble cooling, solars, and automakers. Toyota (NYSE: TM) stated that they are shutting down their Japan operations through Wednesday, impacting output by 40,000 vehicles. Toyota produces 38% of their autos in Japan.


• Guggenheim Solar (NYSE: TAN) up 5.43% to $7.77. Another energy sector which could see potential benefit from the Japan earthquake disaster.However, Piper Jaffray href="http://www.streetinsider.com/Downgrades/Piper+Jaffray+Cuts+SunPower+%28SPWRA%29%2C+Trina+%28TSL%29%2C+JA+%28JASO%29%2C+Yingli+%28YGE%29+to+Neutral%2C+Canadian+Solar+%28CSIQ%29%2C+Suntech+%28STP%29+to+Underweight/6364102.html">cut
  its outlook on several in the solar sector, as well as 2011 solar demand forecast from 2-GW to 1-GW.

Market Vectors Uranium+Nuclear Energy ETF (NYSE: NLR) down 11.96% to $22.46. Uranium and Nuclear were crushed today on fears governments could but nuclear plans on hold in the wake of the nuclear crisis in Japan.


• SPDR S&P 500 (NYSE: SPY) down 0.6% to $130.05 and PowerShares QQQ (Nasdaq: QQQQ) 0.94% to $55.96. Again, markets lower on continued digestion of the potential fallout on several industries following the Japan earthquake. The S&P 500 and Nasdaq are both down at or beyond 0.5% today.
  
  
• iShares MSCI Japan Index (NYSE: EWJ) down 7.03% to $10.05. See VXX above. Though trading relatively flat last Friday, the ETF is down as traders and investors see at least a near-term bleak outlook for Japan. Some question the willingness of aid to be sent to Japan considering their current debt-to-GDP of over 170%, compared to just over 60.8% in the U.S. and 6.8% for Russia (data from CIA World Factbook).

You May Also Be Interested In

• Crude Inventory Declined 6.4 Million Barrels Last Week
• Global S&P Futures mixed in premarket
• Futures mostly higher, Tesla pledges "more affordable" EVs - what's moving markets