Notable ETF Movers of the Day 8/30: (TLT) Higher; (SPY) (TLT) (TAN) (XME) Lower

SPDR S&P 500 (NYSE: SPY) declining by 0.67 percent to 140.55 one day ahead of Fed Chairman Ben Bernanke’s speech in Jackson Hole. Traders have been trimming expectations all week, a trend that accelerated today following comments from Atlanta Fed President Denis Lockart, who said it was a close call on QE considering current economic data. According to new data from the U.S. Commerce Department, consumer purchases in the U.S. rose 0.4 percent in July, the first increase in three months. Traders view this as another example of mixed data, which taken together with other recent positive data could keep Bernanke on hold.

Gainers:

iShares Barclays 20+ Yr Treas. Bond ETF (NYSE: TLT) gained 0.72 to 126.2 as yields on U.S. treasures ticked lower. 10-year bond yields are now 1.618 percent. Investors are swapping back into low risk assets ahead of the Fed Chairman’s speech tomorrow.

Decliners:

Guggenheim Solar ETF (NYSE: TAN) declined by 5.5 percent to 16.58. Shares of First Solar (Nasdaq: FSLR) were crushed when it was reported that the company was halting deliveries to its $1.8 billion Agua Caliente project because construction is ahead of schedule. Shares of First Solar are lower by nearly 16 percent.

SPDR S&P Metals & Mining ETF (NYSE: XME) is lower by 2.14 percent to 40.22. Shares of Joy Global, Inc. (NYSE: JOY) turned around after analysts cut their price target on the stock following the company's earning report yesterday morning. Analysts cited a deceleration of China demand. China manufacturing data will be released this weekend, and some investors are nervous going into the print.

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