Notable ETF Movers of the Day 04/26: XLB, EWT, XRT Up; UNG, XLF Down (C, NFLX, CAT)
Gainers
Receders
- Materials Select Sector SPDR (NYSE: XLB) up 0.89% to $35.32. THe ETF is getting a little play from Caterpillar (NYSE: CAT) as the company beat EPS estimates by 11 cents and gave a positive outlook for FY10, guiding sales above the Street.
- iShares MSCI Taiwan Index (NYSE: EWT) up 1.43% to $13.10. Reports that a free trade pact will be signed with China in the near future, which would add some stability to Taiwan's $390 billion economy.
- SPDR S&P Retail (NYSE: XRT) up 0.66% to $45.42. Shares are rising, led by Netflix (Nasdaq: NFLX), who has seen a significant rally over the past several days on solid earnings and nice sub addition numbers. Also, Goldman Sachs raised estimates and price targets on a number of stocks in the group today.
Receders
- United States Natural Gas (NYSE: UNG) down 1.32% to $7.48. Nat gas down as a milder weather outlook and increased overall supplies outweighed investors buying back contracts after selling off on recent rallies.
- Financial Select Sector SPDR (NYSE: XLF) down 0.45% to $16.70. Shares of the ETF are feeling a little pressure today on an overall up day on the markets as the U.S. said that they will begin to sell their 7.7 billion shares in Citigroup (NYSE: C).
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