Notable ETF Movers of the Day 12/06: (XLV) (UNG) Higher; (FXI) (GLD) (OIH) Lower
Gainers
Receders
- Health Care Select Sector SPDR (NYSE: XLV) up 0.39 percent to $33.70. The ETF is being moved higher by Pfizer Inc. (NYSE: PFE), which reported that Toviaz (fesoterodine fumarate) met its primary endpoint in Study A0221049 – Efficacy and Safety of Fesoterodine Flexible Dose Regimen in Vulnerable Elderly Patients with Overactive Bladder. Pfizer is 1.8 percent higher on the session.
- United States Natural Gas (NYSE: UNG) up 1.05 percent to $7.71. The nat gas ETF moving higher Tuesday, as investors are looking beyond the near-term forecast for above-normal temps to the grisly reality that it's winter, and global warming hasn't reared its ugly head quite yet. Nat gas January contracts are $0.036 better to $3.497 per mmBtu on the Comex.
Receders
- iShares FTSE China 25 Index Fund (NYSE: FXI) down 0.81 percent to $36.57. China stocks slumping Tuesday following Fitch expecting further weakness in the Chinese property market, saying a "property-price correction will lead to worsening loan portfolios."
- SPDR Gold Shares (NYSE: GLD) down 0.11 percent to $167.13. Gold is heading for a four-day slide if things don't shape up. Investors and traders have put the gold rush on hold, as equities markets appear to be solidifying and offering some better opportunity for gains. February gold contracts are $16.2 better to $1,718.3 per ounce on the Comex.
- Oil Services HOLDRS (NYSE: OIH) down 1.26 percent to $125.26. The ETF is being led lower by Halliburton (NYSE: HAL), which is receiving some flak from BP plc (NYSE: BP), which alleges that Halliburton intentionally destroyed evidence related to the Macondo well slurry attempt. Click here for more on that.
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