Notable ETF Movers of the Day 04/23: (VXX) (UNG) (UUP) Higher; (FXI) (USO) Lower
Gainers
- iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 5.12 percent to $18.68. The CBOE VIX near-term volatility index is higher on the session following news out of Europe with little economic data out in the U.S. Monday. Reports today have Dutch Prime Minister Mark Rutte resigning over a disagreement with respect to the proposed European bailout package.
In addition, many believe there may be more contraction in China's manufacturing activity for April, adding to fears that a global economic recovery may be slowing.
- United States Natural Gas (NYSE: UNG) up 2.50 percent to $14.76. Nat gas prices are higher following an unexpected storm which hit the East Coast over the weekend, bringing heavy rain and even snow to some parts. Consumers may have turned the heat up following temperature drops in the region.
- PowerShares DB US Dollar Index Bullish (NYSE: UUP) up 0.46 percent to $22.03. The US dollar gaining as investors avoid the euro and look to protect funds on heightened market volatility.
- iShares FTSE China 25 Index Fund (NYSE: FXI) down 2.79 percent to $36.94. HSBC Holdings Plc and Markit Economics said its China PMI moved from 48.3 in March to 49.1, the sixth month of the index coming in below 50.
- United States Oil (NYSE: USO) down 1.74 percent to $38.71. The rising dollar and slowing of economic growth are a double whammy for crude prices. The stronger dollar makes crude contracts more expensive to outside investors. WTI June contracts are $1.61 lower to $102.27 on the Comex.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Crude Inventory Declined 6.4 Million Barrels Last Week
- Visa (V) stock rises as Q2 earnings, revenue come ahead of estimates
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
Create E-mail Alert Related Categories
ETFs, Special ReportsRelated Entities
Standard & Poor's, HSBC, Crude Oil, Notable ETF MoversSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!