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Notable ETF Movers of the Day 08/22: (GLD) (XRT) (VXX) Higher; (USO) (UNG) (XLF) Lower

August 22, 2011 12:02 PM EDT
Gainers

  • SPDR Gold Shares (NYSE: GLD) up 2.21 percent to $183.92. Gold December contracts are $38.4 higher to $1890.6 per ounce on the Comex, as investors and traders await potentially more stimulus from the Fed as Jackson Hole gets underway this week.

  • SPDR S&P Retail (NYSE: XRT) up 0.48 percent to $44.04. Higher today led by AnnTaylor Stores Corp. (NYSE: ANN), which amended an 8K filed with the U.S. Securities and Exchange Commission to point out that the Board will hold the Say on Pay Vote every year until the next required vote on the frequency of the Say on Pay Vote. AnnTaylor is gaining after closing 12.6 percent better last Friday on strong second-quarter results and outlook.

  • iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 3.27 percent to $43.94. The CBOE VIX ETF is slowly crawling its way back up the ladder Monday, despite the CBOE VIX being lower, as investors look to the economic week ahead and try to reposition accordingly. The big news over the weekend came from Libya, in which rebels made a key strike sending Col. Gaddafi fleeing from the country.


Receders

  • United States Oil (NYSE: USO) down 0.34 percent to $32.01. Crude is volatile today following weekend events in Libya. WTI contracts for October are up just $0.22 to $82.63 per barrel on the Comex, though they've been in a range of $81.18 to $84.43 on the session. Potentially, more oil could be released from Libya, which would have an impact on prices moving forward. Libya, prior to the conflict this year, was the seventh largest crude producer in OPEC.

  • United States Natural Gas (NYSE: UNG) down 1.51 percent to $9.77. Nat gas futures are lower as cooler weather forecasts are taking the place of Hurricane Irene concerns. Originally slated to hit the Gulf of Mexico, potentially disrupting some supplies, Irene looks like it will move to the eastern side of Florida.

  • Financial Select Sector SPDR (NYSE: XLF) down 0.99 percent to $12.01. After starting out positive Monday, financials have taken a bit of a dive heading into the afternoon. In particular, Bank of America (NYSE: BAC) start about 3 percent better, and has sunk almost 10 percent from that level, down 6.5 percent to $6.51 on the session. BofA is still 3.2 percent better than its recent 52-week low of $6.31.


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