Notable ETF Movers of the Day 12/13: (USO) (XLE) Higher; (VXX) (RTH) (FXE) Lower
Gainers
- United States Oil (NYSE: USO) up 1.74 percent to $38.54. Crude is up $2.13 to $99.90 per barrel on the Comex Tuesday, as tensions in the Middle East flare. Iran has stated it is running drills practicing the closure of the Strait of Hormuz.
- Energy Select Sector SPDR (NYSE: XLE) up 0.83 percent to $69.12. Energy stocks moving higher Tuesday along with rising crude prices. The move is being led by ExxonMobil (NYSE: XOM) and Chevron (NYSE: CVX), both up about 1.8 percent on the session.
- iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 3.36 percent to $39.45. The CBOE VIX is 3.8 percent lower with investors focusing on Europe again. German Chancellor Angela Merkel quashed rumors that the limit on Europe's bailout fund would increase, meanwhile crude prices are hovering near the $100 per barrel mark.
- Retail HOLDRS (NYSE: RTH) down 1.11 percent to $110.95. In what might be viewed as a surprise move, Amazon.com (Nasdaq: AMZN) extended the deadline on FREE Super Saver Shipping through the last weekend before Christmas. Two elements to consider are lagging sales leading to a promotion from Amazon, and the effect on margins with the extension of free shipping.
- CurrencyShares Euro Trust (NYSE: FXE) down 0.89 percent to $130.22. Softening outlooks in Europe are caused Fitch to revise it outlook on Bulgaria, Latvia, Lithuania and the Czech Republic from positive to stable earlier. The move is helping add pressure to the euro, which is 0.71 percent lower to €1.3077 per U.S. dollar Tuesday.
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