Notable ETF Movers of the Day 06/01: (GLD) (VXX) Higher; (DIA) (XLF) Lower
- Top 10 News for 12/02 - 12/06: Facebook Snubbed Again; Bitcoin Mania!; New Deal for Apple?
- U.S. Adds Jobs at Higher Clip in November, Unemployment Rate Falls to 7%
- Bitcoin Crashes 21%
- Unusual 11 Mid-Day Movers 12/06: (MBLX) (VIFL) (BLDP) Higher; (RALY) (ULTA) (SEAC) Lower
- Sears Holdings (SHLD) Files to Spin-Off Lands' End Unit
- SPDR Gold Shares (NYSE: GLD) up 3.32 percent to $156.66. Gold making a big comeback Friday as U.S. economic data coupled with slowing growth in China and debt issues in Europe are leaving investors little in the way of options. Even German bunds are drawing a negative yield.
Or, with the world crumbling, investors are taking another route to safety precaution: you can throw the gold bars at no good, evil doers.
Gold is up a marvelous $50.9 to $1,615.1 per ounce on the Comex.
- iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 6.24 percent to $22.12. The CBOE VIX is down over 5 percent Friday following soggy data reports.
Nonfarm payrolls for May came in at 69K, from a revised lower 77K last month and expectations for the addition of 150K. The unemployment rate crept 10 basis points higher to 8.2 percent. Hourly earnings rose less than expected, as did construction spending. The ISM Index also fell to 53.5 in May, from 54.8 last month.
- SPDR Dow Jones Industrial Average (NYSE: DIA) down 1.71 percent to $121.59. The Dow Jones is now down for the year, albeit just 0.3 percent or so. The turmoil in broader markets has really struck home here, seeing the index collapse through late-April and May from peaks hit in March, amid headline numbers over the last few weeks (homebuilding, initial claims below 400K, etc.) which would suggest otherwise.
- Financial Select Sector SPDR (NYSE: XLF) down 2.93 percent to $13.60. Banks suffering on broad pressure and also due in part to a note issued earlier by Nomura highlighting some of the investment banking trouble faced by the segment in May.
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Create E-mail Alert Related CategoriesETFs, Special Reports
Related EntitiesConstruction Spending, Nonfarm Payrolls, Standard & Poor's, Nomura, Notable ETF Movers, Earnings
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