Notable ETF Movers of the Day 01/05: (XLF) (UUP) Higher; (XRT) (UNG) (EWZ) Lower
Gainers
- Financial Select Sector SPDR (NYSE: XLF) up 0.75 percent to $13.40. Financials are making a nice move higher today, following stronger initial claims as well as ADP job numbers. Leading the charges is Bank of America (NYSE: BAC), which is up over 6 percent on the session.
- PowerShares DB US Dollar Index Bullish (NYSE: UUP) up 1.03 percent to $22.63. The dollar is gaining against the euro today following news that overnight deposits at the European Central Bank (ECB) hit another record, suggesting that banks are more willing to park money with the ECB rather than lend it to other financial institutions. German retail sales also fell 0.9 percent for November, missing at least one survey of economists calling for a flat result.
- SPDR S&P Retail (NYSE: XRT) down 0.88 percent to $51.92. Retailers mixed, but Barnes & Noble (NYSE: BKS) and American Eagle (NYSE: AEO) are pushing the ETF lower. American Eagle cut it's fourth quarter outlook following December sales, and B&N said it might divest its NOOK division and also lowered its fiscal 2012 outlook.
- United States Natural Gas (NYSE: UNG) down 3.87 percent to $6.46. Nat gas slumping Thursday following EIA data showing a 76 billion cubic foot drop last week, which was lower than the 135 billion cubic foot drop in the same period last year, and 106 billion cubic foot five-year average drop.
- iShares MSCI Brazil Index (NYSE: EWZ) down 1.35 percent to $59.10. Lower following rehashed European fears as Italian bank UniCredit SpA price a rights offering at a 43 percent discount and reports have Spanish banks potentially needing to set aside €50 billion as additional provisions for bad property assets.
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