Notable ETF Movers of the Day 11/01: (XME) (SME) Higher; (GDX) Lower
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Gainers:
SPDR S&P Metals & Mining (NYSE: XME) gained 3.4 percent to 46.01. The uptick in materials came in response to a one-two punch from U.S. and China October manufacturing. The data points to acceleration in the U.S. and stabilization in China. United States Steel (NYSE: X), AK Steel (NYSE: AKS) and other names in the space showed large gains.
Market Vectors Semiconductor ETF (NYSE: SMH) gained 2.5 percent to 31.87. With broader markets moving higher today, investors did not overlook struggling stocks in the semiconductor sector. Shares of the largest chip maker, Intel (Nasdaq: INTC) gained 3 percent and NVIDIA (Nasdaq: NVDA) gained 3.6 percent.
Decliners:
Market Vectors Gold Miners ETF (NYSE: GDX) declined 1.25 percent to 52.25. Despite gains in broader markets, gold mining stock faltered today, as investors sought out equities with more exposure to an economic recovery in the U.S. ADP jobs data today pointed to a healthy government jobs number tomorrow, and investors are optimistic it will print in line or above estimates that call for October gains of 125 thousand.
SPDR S&P Metals & Mining (NYSE: XME) gained 3.4 percent to 46.01. The uptick in materials came in response to a one-two punch from U.S. and China October manufacturing. The data points to acceleration in the U.S. and stabilization in China. United States Steel (NYSE: X), AK Steel (NYSE: AKS) and other names in the space showed large gains.
Market Vectors Semiconductor ETF (NYSE: SMH) gained 2.5 percent to 31.87. With broader markets moving higher today, investors did not overlook struggling stocks in the semiconductor sector. Shares of the largest chip maker, Intel (Nasdaq: INTC) gained 3 percent and NVIDIA (Nasdaq: NVDA) gained 3.6 percent.
Decliners:
Market Vectors Gold Miners ETF (NYSE: GDX) declined 1.25 percent to 52.25. Despite gains in broader markets, gold mining stock faltered today, as investors sought out equities with more exposure to an economic recovery in the U.S. ADP jobs data today pointed to a healthy government jobs number tomorrow, and investors are optimistic it will print in line or above estimates that call for October gains of 125 thousand.
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