Notable ETF Movers of the Day 05/03: XLF, VNQ, UUP Up; OIH, XLB, KOL Down (JJC, SLX)

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May 3, 2010 12:46 PM EDT

Gainers

Financial Select Sector SPDR (NYSE: XLF) up 2% to $16.48. Getting a boost today from confidence in the Greek bailout, and a relatively flat personal income and but robust personal spending report.
Vanguard REIT Index ETF (NYSE: VNQ) up 3.2% to $54. Shares of the ETF are up today as both construction spending and the ISM index came in better than expected. Construction spending was up 0.2% in March, compared to a consensus of (0.2%), and the ISM Index came in at 60.4, compared to the consensus view of 60.0.
PowerShares DB US Dollar Index Bullish (NYSE: UUP) up 0.71% to $24.13. The dollar is stronger versus the Euro today as a €110 billion Greek bailout plan was coined over the weekend, but needs to be approved by parliaments in European countries.

Receders

Oil Services HOLDRs (NYSE: OIH) down1.4% to $121.91. Shares of the ETF are lower on the fallout from the massive Gulf oil spill.
Materials Select Sector SPDR (NYSE: XLB) down0.3% to $33.74. Shares of the ETF are trading lower, as a dip in copper prices are offsetting a slight increase in gold futures today. Copper is at a two-month low on concerns that China's efforts to curb excessive expansion in the economy may reduce demand for the metal. iPath DJ-UBS Copper TR Sub-Index ETN (NYSE: JJC) is also down 2.07% to $44.39.
Market Vectors Coal ETF (NYSE: KOL) down 1.4% to $36.88. A proposed new tax on miners in Australia is adding some pressure to coal mining stocks. The Australian government is proposing a 40% tax on profits "above a normal return." Market Vectors Steel ETF (NYSE: SLX) is also down 2.12% to $62.38, as bituminous coal is used in the steel making process.

UBS, Vanguard

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