Notable ETF Movers of the Day 09/17: FXI, OIH, GLD Higher; USO, XLE, VXX Lower
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Gainers
Receders
- iShares FTSE/Xinhua China 25 Index (NYSE: FXI) up 0.77% to $41.91. China stocks higher today on strong earnings and outlook from tech giants Oracle (Nasdaq: ORCL) and Research in Motion (Nasdaq: RIMM) after the market closed yesterday.
- Oil Services HOLDRs (NYSE: OIH) up 0.44% to $107.00. Stronger today as BP Plc. (NYSE: BP) said that they may be able to seal up the well in the Gulf of Mexico over the weekend.
- SPDR Gold Shares (NYSE: GLD) up 0.06% to $124.71. Just marginally higher today, gold is edging closer to the $1,300/ounce mark today. An unusual move, and broader markets as well as the U.S. dollar are higher today as well.
Receders
- United States Oil (NYSE: USO) down 0.80% to $32.72. Falls today after weaker than expected economic data in the U.S. The University of Michigan Consumer Index came in at 66.6, down from 68.9 in August, and its lowest point since August 2009.
- Energy Select Sector SPDR (NYSE: XLE) down 0.15% to $54.08. Not only lower on oil today, but also seeing some downside led by EOG Resources (NYSE: EOG), about 2.42% lower as Credit Suisse upgrades the stock from Underperform to Neutral, but cuts their price target from $106 to $97.
- iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 0.58% to $17.28. Despite briefly being in the green today, the CBOE VIX near-tern volatility index ETF is back in the red as the market seems to be staving off tepid economic data today.
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