StreetInsider.com Notable ETF Movers 12/22: XHB, ITB, SPY, EWZ Up; XME, GDX, USO Lower

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December 22, 2009 11:31 AM EST

HIGHER;

SPDR S&P Homebuilders (NYSE: XHB) up 2% to $15.39. Homebuilders are getting a boost as numbers for existing home sales exceeded Street expectations. Numbers showed 6.54 million homes sold, versus the 6.25 million home sales estimates.
iShares Dow Jones US Home Construction (NYSE: ITB) shares up 2.77% to $12.07. Again, this ETF is also rising on good existing home sales numbers.
SPDRs (NYSE: SPY) up 0.19% to $111.54. The S&P is rising on good existing home sales numbers, even though revised GDP came in below estimates. Investor confidence is still outweighing lighter numbers, as the CBOE VIX (market volatility) is down 0.45 to 20.04, a 2.2% decline.
iShares MSCI Brazil Index (NYSE: EWZ) up 0.32% to $71.40. The ETF is up as Brazil's Central Bank is calling for growth of the country at 5.8% in 2010, up from zero for 2009. The call is from an improving economic rebound and an improved outlook abroad.

LOWER:

SPDR S&P Metals & Mining (NYSE: XME) down 0.49% to $50.53. The ETF is feeling a pinch as metals prices decline on the gaining dollar despite a weaker-than-expected GDP report today.
Market Vectors Gold Miners ETF (NYSE: GDX) down 0.81% to $45.04. Gold miners are taking a downturn as confidence in the U.S. dollar continues to increase.
United States Oil (NYSE: USO) shares down 0.61% to $35.94. The OPEC meeting called for no change in output, but is looking for more compliance among the Exporting Countries.

Existing-Home Sales, Standard & Poor's, OPEC

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