Notable ETF Movers of the Day 06/27: (UNG) (USO) (XHB) Higher; (XRT) (GDX) Lower
- United States Natural Gas (NYSE: UNG) up 2.92 percent to $19.73. Nat gas higher amid expectations of larger draws on recent above-normal temps through much of the U.S. coupled with Tropical Storm Debby hitting the Gulf last week, cause stoppage of production in the region.
Ahead of EIA inventory data Thursday, speculation calls for stockpiles to rise about 53 billion cubic feet, from 84 bcf last year and the five-year average of 85 bcf.
- United States Oil (NYSE: USO) up 0.60 percent to $29.99. Crude prices still steady following EIA showing a 133,000 barrel drop in stockpiles last week, compared with consensus views calling for a drop of 1 million barrels.
- SPDR S&P Homebuilders (NYSE: XHB) up 2.00 percent to $20.37. The move being bolstered by Lennar Corp. (NYSE: LEN) today, which reported strong second-quarter numbers earlier. EPS of 21 cents beat views by 4 cents, while new orders were up 40 percent. For more on the numbers, click here.
- SPDR S&P Retail (NYSE: XRT) down 0.30 percent to $57.26. O'Reilly Automotive Inc. (ORLY) is causing the ETF weakness today, with the Company cutting its outlook earlier. O'Reilly is down over 16 percent Wednesday.
- Market Vectors Gold Miners ETF (NYSE: GDX) down 0.70 percent to $44.14. Gold lower ahead of the EU summit Thursday as Angela Merkel voiced she wouldn't support formation of common euro-zone bonds.
Support of the metal has been seen at $1,558 per ounce, following the Fed's no QE, extended Operation Twist announcement last week.
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Related EntitiesStandard & Poor's, Crude Oil, Notable ETF Movers, Earnings
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