Notable ETF Movers of the Day 07/27: VXX, XLF, UUP Higher; GLD, XLE, FXI Lower

Gainers

• iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 0.44% to $22.92. Though starting off in the red today, the CBOE VIX near-term ETF is in the green as economic data today is moing investors to liquidate a few positions. Consumer confidence today came in at 50.4, below estimates for 51.0, and 54.3 prior.
  
  
• Financial Select Sector SPDR (NYSE: XLF) up 0.34% to $14.81. UBS (NYSE: UBS) and Deutsche Bank (NYSE: DB) are infusing a little confidence in the financials today, as the two reported quarterly earnings and revenues that exceeded analyst expectations. UBS posted net income of €3.01 billion and DB had net income of €1.16 billion.
  
  
• PowerShares DB US Dollar Index Bullish (NYSE: UUP) up 0.38% to $23.95. Higher home prices, according to the Case-Shiller Index today, is pushing the U.S. dollar higher, potentially setting the pace for a slew of positive data in the U.S.

Receders

• SPDR Gold Shares (NYSE: GLD) down 1.61% to $113.66. Investors moving out of gold as many are buying back into equities following strong U.S. housing data. Additionally, adding to sentiment was FedEx (NYSE: FDX), who increased their first quarter and full-year 2010 outlook yesterday.
  
  
• Energy Select Sector SPDR (NYSE: XLE) down 0.87% to $53.78. Investors may be taking some off the table today as BP (NYSE: BP) and Occidental Petroleum (NYSE: OXY) reported their quarterly earnings today. Shares of the ETF have been up just about 10% over the last month, but the lukewarm earnings announcements today aren't adding positively to investor sentiment. OXY posted an EPS of $1.31 on revs of $4.76 billion, mixed to the Street consensus.
  
  
• iShares FTSE/Xinhua China 25 Index (NYSE: FXI) down 0.82% to $41.03. China stocks snap a six-day winning streak, led by financials, as investors looked to capture some profit.

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