Notable ETF Movers of the Day 07/28: VXX, UNG, GLD Higher; USO, XHB, XME Lower

Gainers

• iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 1.15% to $22.90. The CBOE VIX is on the move again today, up 2.89% as investors are weighing earnings versus economics today. Oil stores came in higher, while durable orders dropped in June.
  
  
• United States Natural Gas (NYSE: UNG) up 4.35% to $8.16. Natural gas futures gained today as hot weather is in the forecast for the eastern U.S., and traders may be getting into August contracts ahead of their expiration. September contracts, however, are trading 4.4% higher today.
  
  
• SPDR Gold Shares (NYSE: GLD) up 0.04% to $113.55. Notably flat today after a big 8% sell-off, as investors may be eyeing the metal as it falls below $1160/ounce. Economic data seems to have stunted investors and thoughts on full-on economic recovery in the U.S., and gold is an attractive safe-haven during bouts of market volatility.

Receders

• United States Oil (NYSE: USO) down 1.41% to $34.18. Falling today on economic data showing a reduction in demand for durable goods in the month of June, as well as a 7.31 million barrel increase in oil stockpiles.
  
  
• SPDR S&P Homebuilders (NYSE: XHB) down 1.83% to $14.99. Led down by Meritage Homes (NYSE: MTH), which saw a larger impact than expected in the quarter from the loss of the homebuyer tax credit. Orders for the company fell 22% through Q210. The Dow Jones U.S. Home Construction Index is also trading 2.76% lower today.
  
  
• SPDR S&P Metals & Mining (NYSE: XME) down 0.5% to $49.56. Led lower today by Allegheny Technologies Inc. (NYSE: ATI), which posted a second quarter EPS of $0.36 and revs of $1.05 billion, compared to the consensus for an EPS of $0.37 and revs of $954.23 million. CEO Patrick Hassey aimed for Q410 or FY11 for faster recovery, saying "Our focus remains to execute as well as possible in the third quarter and continue to position ATI for the expected strong growth trends in our key global markets...beyond 2010, we expect to recover and grow faster than our key markets as a result of new customers."

---

Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!

You May Also Be Interested In

• Notable ETF Movers of the Day 05/25: (EWZ) (GLD) Higher; (VXX) (UNG) Lower
• Notable ETF Movers of the Day 05/21: (USO) (XLK) (FXI) Higher; (VXX) (UNG) Lower
• Notable ETF Movers of the Day 05/23: (VXX) (UNG) (UUP) Higher; (GLD) (SMH) (TAN) Lower

Create E-mail Alert Related Categories

Special Reports

Related Entities

Standard & Poor's

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?

Follow StreetInsider.com On Twitter