Notable ETF Movers of the Day 06/28: (VXX) (EWJ) Higher; (SPY) (USO) (XRT) Lower
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- iPath S&P 500 VIX ST Futures ETN (NYSE: VXX) up 1.31 percent to $17.03. The CBOE VIX is higher following the Supreme Court's decision to uphold Obamacare. Otherwise, markets are twitchy as the EU is holding a summit Thursday. Though not much is expected, an interesting development has come about in the German corner, with Chancellor Angela Merkel voicing no support for a euro-area-wide bond while Finance Minister Wolfgang Schaeuble has said Germany would be willing to work toward the effort.
- iShares MSCI Japan Index (NYSE: EWJ) up 0.88 percent to $9.17. Stocks in Japan were on the move Thursday following housing data Wednesday as well as positive retail sales numbers.
According to Japan's Trade Ministry, retail sales were up 3.6 percent in May from the same period last year. Economists were looking for a 2.9 percent gain. Japan retail sales rose 5.7 percent in April.
- SPDR S&P 500 (NYSE: SPY) down 0.93 percent to $131.94. U.S. markets lower following data showing initial claims came in higher than expected, while the prior week's claims were also revised to the upside. In addition, the third estimate for first-quarter GDP was flat at 1.9 percent.
- United States Oil (NYSE: USO) down 2.42 percent to $29.47. Crude lower into the EU summit as traders are speculation on hints to the future direction in which the region will be heading. Though nothing landmark is expected at the event, crude has been pressured on just about every negative headline out of Europe.
- SPDR S&P Retail (NYSE: XRT) down 1.12 percent to $56.51. The retail ETF being led by Family Dollar (NYSE: FDO), which missed EPS by one cent earlier while revs were also a little light. Higher costs and less spending at discount retailers might not bode well for more expensive rivals, as it might signal consumers pulling purse strings tighter.
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