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Notable ETF Movers of the Day 04/27: VXX, UNG Up; XME, VGK, XLF Down

April 27, 2010 12:40 PM EDT
Gainers

  • iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 8.6% to $19.63. The CBOE VIX shot up about after S&P changed their rating on Greek debt to junk.

  • United States Natural Gas (NYSE: UNG) up 0.13% to $7.60. Feeling a pinch ahead of inventory data tomorrow that is expected to show a marked increase in reserves.


Receders

  • SPDR S&P Metals & Mining (NYSE: XME) down 2.47% to $57.74. Greek debt ratings cut to junk by S&P helping gold prices decline further.

  • Vanguard European ETF (NYSE: VGK) down2.92% to $47.23. Reaction to the recent downgrade by S&P of Greek debt

  • Financial Select Sector SPDR (NYSE: XLF) down 2.16% to $16.16. Goldman Sachs executives are being grilled by a Congressional Committee today, but the financials are down, again, on the Greek debt downgrade. The market may have been anticipating this move for weeks, but hopes were for a quicker resolve to their situation.

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