Notable ETF Movers of the Day 09/19: (VXX) (UUP) Higher; (USO) (SPY) (XLF) Lower

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September 19, 2011 12:09 PM EDT

Gainers

iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 5.10 percent to $43.67. The CBOE VIX is elevated again today, up 10 percent, as meetings of European finance ministers over the weekend ended with little progress on default resolutions for Greece. According to the WSJ, a teleconference between the European Union, International Monetary Fund, and European Central Bank will occur Monday to discuss how Greece's compliance to receive additional funds is coming along.
PowerShares DB US Dollar Index Bullish (UUP) up 0.78 percent to $21.91. The U.S. dollar is looking like a better risk investment than the euro Monday, based on news coming out of Europe. The EUR/USD is down 1.03 percent to €1.3651 on the session.

Receders

United States Oil (NYSE: USO) down 2.43 percent to $33.31. Crude is lower as a weakened demand outlook and stronger dollar make crude prices more expensive. OPEC Secretary-General said he sees a slowdown in demand this year and into next on deteriorating global economic conditions.
SPDR S&P 500 (NYSE: SPY) down 1.44 percent to $119.77. U.S. and International markets are showing lack of confidence on European debt. The Dow is down 171 points, Nasdaq off 19 points, and S&P 500 off 17.5 points.
Financial Select Sector SPDR (NYSE: XLF) down 3.06 percent to $12.51. Financials are being led lower by Citigroup, Inc. (NYSE: C), which is off 4.4 percent on the session. Notably, many major bank stocks have been trading at or near 52-week lows following weakness over the summer, as investors continue to digest potential implications of Basel III regulations.

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