Notable ETF Movers of the Day 05/25: VXX, UUP GDX Up; SPY, XLF, FXI Down

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May 25, 2010 11:35 AM EDT

Gainers

iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 5.04% to $34.79. The CBOE VIX volatility index is surging up 7.8% to $41.34 today, as confidence in the markets seems to be in its own recession today, as markets are down over 2%, regardless of which one is your favorite.
PowerShares DB US Dollar Index Bullish (NYSE: UUP) up 0.91% to $25.46. Concerns over debt solutions in Europe coupled with rising tensions in the Korea's are contributing to the rush of investors into the U.S. dollar today.
Market Vectors Gold Miners ETF (NYSE: GDX) up 0.23% to $47.75. Shares of the ETF are making a nice recovery this morning upon prices of gold increasing to $1198.70/Troy ounce this morning, a 0.4% increase over yesterday's closing price. Additionally, Deutsche Bank increased their outlook on both gold prices and Barrick Gold (NYSE: ABX) as well, upgrading ABX from Hold to Buy.

Receders

SPDRs (NYSE: SPY) down 1.70% to $105.88. Though the ETF is "creeping" back up after a low open, indexes are still down on global fears and economic data that came in short of views today. The Case-Shiller 20-city Index came in a 2.4%, below the consensus of 3.0%, and consumer confidence is at 63.3, which beat the 58.3 that the market was looking for, but investors aren't buying it today. Housing prices also swung into the positive in March, posting a 0.3% gain compared to (0.4%) reported for February.
Financial Select Sector SPDR (NYSE: XLF) down1.74% to $14.08. Again, shares in the financial sector are feeling a pinch over recent events in Europe, in particular the consolidation of four banks [CajaSur, Caja de Ahorros del Mediterraneo, Caja Extremadura and Caja Cantabria] in Spain after the Bank of Spain bailed out CajaSur over the weekend.
iShares FTSE/Xinhua China 25 Index (NYSE: FXI) down 3.12% to $37.25. Upon European fears, many are worried of the extent to which regulators will introduce new measures to curb housing prices, which some believe may reduce prices 20 - 30%. A sample introduction will be introduced next month, and more detail about the measures should correspondingly be released soon. Also, with tensions mounting between North and South Korea, the region in on edge.

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