Notable ETF Movers of the Day 08/17: MOO, USO, XHB Higher; VXX, UUP Lower

• Market Vectors Agribusiness ETF (NYSE: MOO) up 4.46% to $44.28. Shares are surging on M&A action in the market. Potash (NYSE: POT) rejected a $130 per share offer from BHP Billiton (NYSE: BHP). Many analysts on the Street think that the bid could move above $150 per share.
  
  
• United States Oil (NYSE: USO) up 1.40% to $34.08. Many analysts are seeing a strong correlation between oil prices and equities markets. Additionally, economic data came in overall better than expectations, with Industrial Production at 1%, about 0.4% ahead of Street views.
  
  
• SPDR S&P Homebuilders (NYSE: XHB) up 3.12% to $14.55. Although housing data missed views today, construction rose 1.7% in July, mostly from the construction of apartments and condos.

• iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 4.15% to $22.63. The CBOE VIX volatility index is showing some weakness, down 7.85% so far, as investors are buying back into the markets on economic data, and word that the U.S. will keep backing the mortgage market, but a system should be created to prevent further mortgage meltdown.
  
  
• PowerShares DB US Dollar Index Bullish (NYSE: UUP) down 0.29% to $23.89. Investors getting back into equities today as economic data is shining a bright light on the markets. The U.S. dollar is typically thought of as a safe haven against riskier assets.

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