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Notable ETF Movers of the Day 04/07: TAN, GDX, UUP Up; OIH, UNG, EEM Down (JASO, USO)

April 7, 2010 12:25 PM EDT
Notable ETF Movers of the Day :

Gainers
  • Claymore/MAC Global Solar Energy (NYSE: TAN) up 2.22% to $8.73. The solar sector is mostly postive today as JA Solar (NASDAQ: JASO) increased its Q110 shipment guidance by 40 to 50-MW to 265-MW.

  • Market Vectors Gold Miners ETF (NYSE: GDX) up 2.20% to $47.83. Gold shares are rising on worries over European debt. A stronger dollar pressures gold, because gold is denominated in U.S. dollars. On that note...

  • PowerShares DB US Dollar Index Bullish (NYSE: UUP) up 0.25% to $23.89. The Euro is falling on Greek debt, despite the private-sector output in 31-months led by Germany. Fears over a hung Parliament in the U.K. May 6 general election is also weakening the Britich pound.
Receders

  • Oil Services HOLDRs (NYSE: OIH) down 1.06% to $127.39. Oil is heading back down after inventories showed an increase in stores over last week. United States Oil (NYSE: USO) down 0.21%, see?

  • United States Natural Gas (NYSE: UNG) down 1.90% to $7.21. After a glimmer of hope yesterday, nat gas supplies are still up, and prices aren't supporting the level that
    they're at.

  • iShares MSCI Emerging Markets Index (NYSE: EEM) down 0.50% to $43.52. Emerging markets have overall seen a gain over the past day, but oil and commodities are hampering gains today as economic outlooks in Europe are less than favorable.

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