Notable Midday ETF Movers 11/17: UUP, KRE, USO Higher; EWT, XRT Lower

November 17, 2009 1:52 PM EST

HIGHER;

  • PowerShares DB US Dollar Index Bullish (NYSE: UUP) up 0.86% to $22.41. The dollar stays strong as Finance Chief Bernanke made positive comments about the U.S. economy yesterday, which were reinforced by European Central Bank President Jean-Claude Trichet.

  • SPDR KBW Regional Banking (NYSE: KRE) up 1.11% to $20.98. Higher on possible speculation of bank reform that would benefit the regional banks more.

  • United States Oil Fund LP (NYSE: USO) shares are down 0.37% to $40.14. Oil prices rise on a stronger dollar, despite solid inventories. Mixed signals are in the market following the PPI release this morning.
LOWER:
  • iShares MSCI Taiwan Index (NYSE: EWT) is trading significantly lower, down 3.89% to $12.61. Concerns over the financial cooperation deal made with China which lacks details and may take months to implement.

  • SPDR S&P Retail (NYSE: XRT) lower 1.50% to $35.57. Home Depot (NYSE: HD) released pretty sour earnings today, sending the stock down about 3.27% and dragging along many in the retail sector down with it despite better earnings out of companies like Target (NYSE: TGT), Pacific Sunwear (NASDAQ: PSUN), and TJX Co.’s (NYSE: TJX), though all reported cautiousness in their forecasts.


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Stocks Mentioned

EWT 11.72

+0.27 +2.36%
Volume: 18,136,411
Track EWT

HD 28.87

+0.28 +0.98%
Volume: 18,055,754
Track HD

KRE 23.07

+0.22 +0.96%
Volume: 2,924,298
Track KRE

PSUN 3.81

+0.15 +4.10%
Volume: 842,699
Track PSUN

TGT 49.14

+0.36 +0.74%
Volume: 4,628,307
Track TGT

TJX 37.91

+0.12 +0.32%
Volume: 2,912,475
Track TJX

USO 36.21

+1.12 +3.19%
Volume: 12,711,100
Track USO

UUP 23.49

-0.15 -0.63%
Volume: 11,681,559
Track UUP

XRT 35.23

+0.72 +2.09%
Volume: 13,359,655
Track XRT


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