Notable ETF Movers of the Day 06/29: VXX, XLF, UUP Up; XLF, SPY, USO, XRT Down
Gainers
Receders
- iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 5.68% to $29.78. The CBOE VIX is up 16.6% as consumer confidence for June came in way below what the market was looking for and fears grow over slowing China growth and issues in Europe.
- PowerShares DB US Dollar Index Bullish (NYSE: UUP) 0.44% to $25.07. Gaining today as investors move into U.S. bonds and the dollar to protect against a volatile stock market.
Receders
- Financial Select Sector SPDR (NYSE: XLF) up 3.03% to $14.06. Financials are down with the market today, and ahead of looming financial reform that legislatures plan to put in front of President Obama before July 4, 2010.
- SPDRs (NYSE: SPY) down 2.48% to $104.86. Consumer confidence for June came in at 52.9, compared to the consensus of 62.5, and 62.7 for May. PowerShares QQQ (Nasdaq: QQQQ) is also down 2.62% to $43.93.
- United States Oil (NYSE: USO) down 2.84% to $34.21. May be affected as the Conference Board revised their economic growth forecast from 1.7% to 0.3%, ebbing the demand for oil somewhat.
- SPDR S&P Retail (NYSE: XRT) down 2.29% to $36.27. Although data from the UCSC/GOldman Sachs Index has chain-store sales up 3% last week, retailers are hampered today on lower consumer comfidence signalling a slowdown to economic revival.
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