Notable ETF Movers of the Day 10/10: (SPY) (XLF) (USO) Higher; (VXX) (UUP) Lower

• SPDR S&P 500 (NYSE: SPY) up 2.62 percent to $118.74. The S&P, et al, are trading higher today on reports Europe will come to an agreement on recapitalization of banks by the end of October. Click here for more color.
  
  
• Financial Select Sector SPDR (NYSE: XLF) up 3.68 percent to $12.27. The much-beleaguered financial sector is one of the better performers Monday following news out of Europe. The ETF is being led higher by Citigroup (NYSE: C), which is up 6.2 percent on the session.
  
  
• United States Oil (NYSE: USO) up 3.43 percent to $33.14. Crude prices are rising on the prospect of increased global demand should European banks receive capital following potential defaults in the euro area. November contracts are $2.71 better to $85.69 on the Comex.
  
  

• iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 5.36 percent to $47.53. The CBOE VIX is trading lower on hopeful reports from Europe Monday. The index is now comfortably below the $40 level.
  
  
• PowerShares DB US Dollar Index Bullish (NYSE: UUP) down 1.71 percent to $21.89. Investors favoring more risk today on European news. The U.S. dollar is lower, to $1 per €0.7323, continuing a strengthening trend that the Euro has enjoyed over the last several sessions.

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