Notable ETF Movers of the Day 12/12: (VXX) (UUP) Higher; (XLF) (USO) (EWZ) Lower

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December 12, 2011 11:49 AM EST

Gainers

iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 2.24 percent to $41.52. The CBOE VIX near-term index is 3.5 percent better on the session, as investors and traders mull Moody's still aiming to put all European Union nation ratings on watch. Moody's said last weeks EU summit produced "few new measures," noting that Europe's debt crisis is nearing critical stages.
PowerShares DB US Dollar Index Bullish (NYSE: UUP) up 0.95 percent to $22.33. With Europe still on the brink, some are moving money to safe haven assets like the U.S. dollar. The euro is down about 1.3 percent to €1.3216 Monday.

Receders

Financial Select Sector SPDR (NYSE: XLF) down 2.52 percent to $12.77. Financials are getting hit Monday as investors mull potential scenarios should the situation in Europe worsen. Prior disclosures by several institutions about European debt exposure haven't done much to change overall sentiment. Citi (NYSE: C) and Bank of America (NYSE: BAC) are leading the sector lower, down 5.4 percent and 4.8 percent, respectively.
United States Oil (NYSE: USO) down 1.51 percent to $37.92. With the dollar strengthening, prices of crude contracts are also becoming more expensive, leading to a drop in demand. January contracts are $1.20 lower to $98.21 per barrel on the Comex.
iShares MSCI Brazil Index (NYSE: EWZ) down 3.62 percent to $58.10. Not only lower on European worries, but a weekly economic survey for GDP has economists cutting views. For 2011, GDP outlook was cut from 3.09 percent to 2.97 percent, while 2012 is now at 3.40 percent, from 3.48 percent prior.

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