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

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.


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Stocks Mentioned

DHI 12.91

-0.01 -0.08%
Volume: 7,237,367
Track DHI

EWJ 9.85

+0.10 +1.03%
Volume: 31,932,321
Track EWJ

MRK 36.47

-0.12 -0.33%
Volume: 13,085,672
Track MRK

SMH 25.38

+0.37 +1.48%
Volume: 11,549,650
Track SMH

VLO 18.16

+0.31 +1.74%
Volume: 7,247,328
Track VLO

XHB 15.41

+0.24 +1.58%
Volume: 6,181,372
Track XHB

XLE 55.03

+1.29 +2.40%
Volume: 28,493,794
Track XLE

XLV 30.91

+0.23 +0.75%
Volume: 7,392,332
Track XLV


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