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Notable ETF Movers of the Day 12/14: (XME) (KOL) Higher; (XLK) Lower

December 14, 2012 1:37 PM EST
Gainers:

SPDR S&P Metals & Mining (NYSE: XME) gained 1.75 percent to 44.6. The rally was fueled by positive data out of manufacturing powerhouse, China. HSBC's preliminary China Purchasing Managers Index for December showed a reading of 50.9, indicating growth in the region. This proved to be bullish for metals and metal stocks, especially steel names like United States Steel Corp. (NYSE: X) and AK Steel Holding Corporation (NYSE: AKS).

Market Vectors Coal ETF (NYSE: KOL) gained 1.2 percent to 25.2. Like steel, coal stocks benefited from positive China data, as improvements in manufacturing could lead to increased coal use in energy production. Walter Energy, Inc. (NYSE: WLT), which has a 3.4 percent weighting in KOL, was among today's winners.

Decliners:

Technology Select Sector SPDR (NYSE: XLK) declined 0.75 percent to 28.75. Apple (Nasdaq: AAPL) opened 3.75 percent lower on Friday and remained under pressure throughout most of the day. Today's fall adds to weekly declines totaling 6.4 percent. The slid was triggered, in part, by a UBS analyst report forecasting lower than previously estimated EPS in 2013 and 2014.


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