ETF Movers: XLF, XLB, TAN, USO, GLD Up; FAZ, IYT, KRE Lower
ETF Movers:
HIGHER:
- Financial Select Sector SPDR (NYSE: XLF) +0.7%. Up but off the day highs.
- Materials Select Sector SPDR (NYSE: XLB) +1.4%. Strength in commodity names it holds like Freeport McMoran (NYSE: FCX), Newmont (NYSE: NEM), and Alcoa (NYSE: AA).
- Claymore/MAC Global Solar Energy (NYSE: TAN) +2.1%. Solar names reacting positive to jump in crude
- United States Oil (NYSE: USO) +1%. Big draw down in crude inventories and inflaiton fears
- SPDR Gold Shares (NYSE: GLD) +0.6%. Gold continues to make new highs on fears of depreciating world currencies, including the dollar.
- Direxion Daily Financial Bear 3X Shares (NYSE: FAZ) -2.6%: Down but off lows of the day
- iShares Dow Jones Transportation Average (NYSE: IYT): Down after yesterday's big move higher after Warren Buffett's acquisition of Burlington Northern Santa Fe Corp. (BNI)
- SPDR KBW Regional Banking (NYSE: KRE) down 1.3%. Regional banks week today.
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