Notable ETF Movers of the Day 04/28: XLF, GDX, USO Up; TAN, XRT Down (ABX, FSLR, NFLX)
Gainers
- Financial Select Sector SPDR (NYSE: XLF) up 1.01% to $16.12. Shares in the sector are up today despite avdowngrade by S&P of Greece's debt to junk yesterday and a downgrade of Spain today. CDS spreads have tightened on a number of financial companies after rising in recent days on concerns about financial reform.
- Market Vectors Gold Miners ETF (NYSE: GDX) up 3.25% to $49.85. Shares of the ETF are rocketing up on the debt concerns in Europe and on positive earnings out of Barrick Gold (NYSE: ABX), benefited by gold prices that averaged $1114/oz., a 22% increase from Q109.
- United States Oil (NYSE: USO) up 0.99% to $39.76. Oil seems to be shrugging off inventory gains today, as prices are pushing upward on a more relaxed European debt stance. Jun 2010 futures are up a modest $0.12 to $82.56/barrel.
- Claymore/MAC Global Solar Energy (NYSE: TAN) down 1.45% to $8.17. May be feeling a little pinch as Spain's T-Solar, the largest producer of solar energy in that country, said that they would delay their IPO due to regulatory uncertainty. Otherwise, First Solar (Nasdaq: FSLR), which reports after the market today, is trading 0.18% higher to $128.59.
- SPDR S&P Retail (NYSE: XRT) down0.52% to $43.60. Investors may be taking some profit as Netflix (Nasdaq: NFLX) is leading the way down today after a 10% - 15% run-up since late last week.
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