Notable ETF Movers of the Day 06/25: GLD, USO Up; XLE, QQQQ, SMH Down

Gainers

• SPDR Gold Shares (NYSE: GLD) up 1.18% to $122.73. After the GDP was revised lower to 2.7% today, investors are taking a little solace in gold, and other precious metals. Gold prices are up $9.3 to $1255.20/ounce for August settlement. The iShares Silver Trust (NYSE: SLV) is up 1.42% as well.
  
  
• United States Oil (NYSE: USO) up 1.37% to $34.87. Oil is up marginally despite the downward revision to the U.S. GDP. The University of Michigan confidence indicator beat views, however, 76 to 75.5. Some speculation may be attributed to hurricane activity in the Gulf of Mexico and Southern U.S.
  
  

Receders

• Energy Select Sector SPDR (NYSE: XLE) down 1.03% to $51.80. Being led down by BP (NYSE: BP) today, as the company updated their cost of the oil spill , which now stands at about $2.35 billion.
  
  
• PowerShares QQQ (Nasdaq: QQQQ) down0.39% to $45.17. Overall down day on the market as investor continue to weigh recent economic data. Jobless claims came in below consensus, GDP was revised down, the G-20 meeting is being held, and home sales saw a record decline M/M.
  
  
• Semiconductor HOLDRs (NYSE: SMH) down 1.58% to $26.80. Maybe a little fallout as six chip makers were ordered to pay a total of $173 million plus interest in antitrust case. The makers were Micron Technology Inc. (NYSE: MU), NEC Corp., Infineon Technologies AG, Hynix Semiconductor Inc., Elpida Memory Inc. and Mosel Vitelic Inc.

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