Notable Midday ETF Movers 11/20: XLV, EWJ Higher; XHB, XLE, SMH Lower

FREE Breaking News Alerts from StreetInsider.com!

More News related to DHI

November 20, 2009 11:59 AM EST

StreetInsider.com Notable ETF Movers:

HIGHER;

Health Care Select Sector SPDR (NYSE: XLV) higher
$0.11 to $30.29, about 0.36%. Led in part by Merck (NYSE: MRK) receiving CHMP recommendation for fertility drug and ahead of the critical healthcare bill vote on Saturday. As a reminder, the bill is for $848 billion. As another reminder, if $848 billion were in seconds, that would equal out to
26,889 years.
iShares MSCI Japan Index (NYSE: EWJ) up 0.38% to $9.275. The ¥en is gaining as the Bank of Japan left the benchmark interest rate alone after its policy meeting.

LOWER:

SPDR S&P Homebuilders (NYSE: XHB) down 2% to $14.53. Second largest homebuilder D.R. Horton (NYSE: DHI) reported a narrower loss (which still exceeded expectations), but the CEO stated that the market continues to be challenging. Home starts reported for October fell 11% from September.
Energy Select Sector SPDR (NYSE: XLE) down 1.30% to $56.39. Rough day for energy as a strong dollar trounces oil prices, Cloud Peak’s IPO is trading down, and Valero (NYSE: VLO) shuts down a Delaware plant in a cost-saving effort.
Semiconductor HOLDRs (NYSE: SMH) down 1%. Continues downside action after yesterday's big multi-stock downgrade on the view that iinventories in the supply chain are approaching a level suggesting a modest overshoot vs. equilibrium levels.