Notable Midday ETF Movers 11/19: UUP Higher; SMH, XLF, SPY Lower

November 19, 2009 12:31 PM EST

StreetInsider.com Notable ETF Movers:

HIGHER;


  • PowerShares DB US Dollar Index Bullish (NYSE: UUP) up about 0.45% to $22.38 as the U.S. dollar bounces against a host of world currencies. The dollar is poo-pooing the markets today after succumbing for some time. Global equity markets are slumping and investors see a firmer hand gripping capital flows around the world. Japanese Yen is another benefactor of the move, in spite of many financial companies rushing to secure capital financing to ride-out another economic slump.
LOWER:

  • Semiconductor HOLDRs (NYSE: SMH) is 3.8% lower after Bank of America/ML downgraded a host of companies in the sector, including leaders Intel (Nasdaq: INTC) and Texas Inst (NYSE: TXN), saying inventories in the supply chain are approaching a level suggesting a modest overshoot vs. equilibrium levels.

  • Financial Select Sector SPDR (NYSE: XLF) about 1.8% lower to $14.71. Tim Geithner urged reform of the financial system today into a tighter, well-run machine. He also pushed for new resolution authority so that none of the firms are "too big to fail," a.k.a. the catch-phrase of 2009, beating out "conservative-optimism."

  • SPDRs (NYSE: SPY) down 1.78% to $109.49. To tamper with the famous GM saying of yore, "What's good for the S&P 500 is good for SPY." The ETF is feeling the pain of traders taking profits, a stronger dollar, and so on.


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Stocks Mentioned

INTC 17.90

-0.22 -1.21%
Volume: 101,740,754
Track INTC

SMH 25.26

-0.05 -0.20%
Volume: 17,468,562
Track SMH

SPY 110.41

+0.77 +0.70%
Volume: 150,229,592
Track SPY

TXN 23.68

+0.06 +0.25%
Volume: 12,764,047
Track TXN

UUP 23.96

-0.08 -0.33%
Volume: 1,818,873
Track UUP

XLF 14.33

+0.14 +0.99%
Volume: 51,651,772
Track XLF


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