Notable ETF Movers of the Day 06/28: SMH, SPY, UUP Up; UNG, KOL, XLE Down

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June 28, 2010 12:08 PM EDT

Gainers

Semiconductor HOLDRs (NYSE: SMH) up 1.47% to $27.57. Semis up today ahead of Micron's (NYSE: MU) third quarter earnings report, expected after the market closes today, and the Supreme Court overturning a portion of the Sarbanes-Oxley law which would create a public oversight board for corporate accounting practices, deeming it unconstitutional.
SPDRs (NYSE: SPY) up 0.32% to $108.21. Stocks fluctuating today as personal income and personal spending data results came in mixed, with income increasing slightly slower than the Street outlook and personal spending 0.1% above the consensus.
PowerShares DB US Dollar Index Bullish (NYSE: UUP) up 0.12% to $24.86. The U.S. dollar is solid today as the G-20 meeting over the weekend had many of the world powerhouses pledging to halve fiscal deficits by 2013 and firm-up debt-to-GDP ratios by 2016.

Receders

United States Natural Gas (NYSE: UNG) down 2.29% to $8.12. Traders may be taking profit today after last Friday's rally in nat gas prices stemming from expected warmer weather and tropical storm Alex forming in the Gulf of Mexico.
Market Vectors Coal ETF (NYSE: KOL) down2.06% to $32.34. Shares lower today as investors are awaiting a decision by the U.S. Export-Import Bank that might deny hundreds of millions in funding to a coal-fired Indian power plant and mine. Bucyrus International Inc. (Nasdaq: BUCY) is down 2.18% on the news, as the decision might cost them contracts and jobs.
Energy Select Sector SPDR (NYSE: XLE) down 0.74% to $52.10. Down as tropical storm Alex is showing that it might be less of a threat than previously thought.

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