Notable ETF Movers of the Day 02/27: (DIA) (XHB) (XLK) Higher; (VXX) (UNG) Lower
Gainers
- SPDR Dow Jones Industrial Average (NYSE: DIA) up 0.12 percent to $129.78. The Dow is above the 13,000 again today as economic data bested initial fears from the G20 summit. Over the weekend, the G20 deferred on a final decision for more European aid. After months of deliberations, the group of 20 is expected to enter a final agreement on Europe's rescue fund next month.
Otherwise, pending home sales rising 2 percent in January doubled Street expectations calling for just a 1 percent gain.
- SPDR Series Trust SPDR Homebuilders (NYSE: XHB) up 1.98 percent to $20.04. Homebuilders being led by Lowe's (NYSE: LOW) Monday following strong numbers for its fourth-quarter reporting period, not to mention the better than expected rise in pending home sales. Lowe's reported revs of $11.6 billion and EPS of 29 cents, versus views calling for revs of $11.34 billion and EPS of 24 cents. For more on the numbers, click here.
- SPDR Select Sector Fund - Technology (NYSE: XLK) up 0.13 percent to $28.86. The ETF moving into positive territory Monday led by giants Apple (Nasdaq: AAPL) and Intel (Nasdaq: INTC). Investors are moving into Apple ahead of the expected iPad 3 unveil, as Best Buy (NYSE: BBY) begins trimming prices on its iPad 2 by $50 to clear up room for the switch.
- iPath S&P 500 VIX Short Term Futures ETN (NYSE: VXX) down 0.44 percent to $24.94. Though the CBOE VIX near-term index is higher, its been dropping all morning as investors wedge themselves back into the marketplace. U.S. markets are higher on the session.
- United States Natural Gas Fund (NYSE: UNG) down 1.78 percent to $20.96. Nat gas heading lower again on warmer weather expectations. Storage gluts have hampered prices this winter. Reuters noted that by this time last year, about 2 trillion cubic feet of the commodity was used, compared with just 1.3 trillion cubic feet this year. Nat gas April contracts are off $.054 to $2.641 per mmBtu on the Comex.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Lowe's (LOW) PT Lowered to $275 at Guggenheim
- Texas Stock Exchange wins first primary listings with TCBI’s ETFs
- After-Hours Movers: AMAT, DLO, GLOB, YSS, ETON
Create E-mail Alert Related Categories
ETFs, Special ReportsRelated Entities
Pending Home Sales, Standard & Poor's, Notable ETF MoversSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share