Notable ETF Movers of the Day 08/15: (SMH) Higher; (UNG) (SLX) Lower
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Gainers
Decliners
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- Market Vectors Semiconductor ETF (NYSE: SMH) up 0.60 percent to $33.64. Semis are moving higher today led by shares of Applied Materials Inc. (NYSE: AMAT) which are higher by 1.3 percent. AMAT is set to report earnings this afternoon.
Decliners
- United States Natural Gas (NYSE: UNG) down 2.53 percent to $18.84. Natural gas futures are lower due to forecasts for moderate weather in the U.S., which could curb energy demand. Traders are caution ahead of tomorrow’s inventory data.
- Market Vectors Steel ETF (NYSE: SLX) down 1.05 percent to $44.66. Steel companies are trading lower intraday on Wednesday, led by shares of Rio Tinto (NYSE: RIO), which are lower by 2.9 percent due to lower expected commodity prices and a lack of clarity on stimulus in the U.S. and abroad.
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