Notable ETF Movers of the Day 11/30: (XLU) Higher; (GDX) (XRT) Lower
Tweet Send to a Friend
Gainers:
Utilities Select Sector SPDR (NYSE: XLU) gained 0.4 percent to 35.1. After a sharp decline this month, utilities recovered losses this week, edging up by 2.5 percent. Utilities came under pressure in November in part because of fears over the fiscal cliff and expectations for increased dividend taxes. Duke Energy (NYSE: DUK) was an early winner today, gaining 1.7 percent on reports Duke Chairman and CEO Jim Rogers would retire at the end of 2013.
Decliners:
Market Vectors Gold Miners ETF (NYSE: GDX) declined 1.75 percent to 47.2. Gold miners were lower across the board with AngloGold Ashanti Ltd. (NYSE: AU) leading the charge. The decline relates to declines in the spot price of gold, which is lower by $10 to $1715 per ounce.
SPDR S&P Retail (NYSE: XRT) declined 0.5 percent to 63.00. October retails spending in the U.S. showed a surprise declined of 0.2 percent, driven in part by adverse effects from Hurricane Sandy. Economists were expecting a flat reading. Sear (Nasdaq: SHLD) was among today’s losers, declining 2 percent. Sears is lower by 12 percent in 5-days.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Utilities Select Sector SPDR (NYSE: XLU) gained 0.4 percent to 35.1. After a sharp decline this month, utilities recovered losses this week, edging up by 2.5 percent. Utilities came under pressure in November in part because of fears over the fiscal cliff and expectations for increased dividend taxes. Duke Energy (NYSE: DUK) was an early winner today, gaining 1.7 percent on reports Duke Chairman and CEO Jim Rogers would retire at the end of 2013.
Decliners:
Market Vectors Gold Miners ETF (NYSE: GDX) declined 1.75 percent to 47.2. Gold miners were lower across the board with AngloGold Ashanti Ltd. (NYSE: AU) leading the charge. The decline relates to declines in the spot price of gold, which is lower by $10 to $1715 per ounce.
SPDR S&P Retail (NYSE: XRT) declined 0.5 percent to 63.00. October retails spending in the U.S. showed a surprise declined of 0.2 percent, driven in part by adverse effects from Hurricane Sandy. Economists were expecting a flat reading. Sear (Nasdaq: SHLD) was among today’s losers, declining 2 percent. Sears is lower by 12 percent in 5-days.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- A Tradable Relief Rally in the Gold Miners (GDX)?
- Market Wrap: Bernanke Baffles Markets; Tesla Off the Hook; H-P Stuns Street
- Gold (GLD) Goes Crazy; Trades Up Despite Fed Speak
Create E-mail Alert Related Categories
ETFs, Special ReportsRelated Entities
James Beeland Rogers Jr., Dividend, Notable ETF Movers
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
