ETF Movers 7/30: Oil ETFs Higher, Steel ETF Jumps Again
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ETF Movers:
Oil Services HOLDRs (AMEX: OIH) is up 5.2% as Crude rose $4.54 today on a sharp drop in crude supplies and news that embattled Israeli Prime Minister Ehud Olmert will step down. Other oil related ETFs are also higher: Energy Select Sector SPDR (AMEX: XLE), United States Oil (AMEX: USO).
Market Vectors Steel ETF (AMEX: SLX) is 5% higher on continued strength in the sector following strong earnings results from U.S. Steel (NYSE: X) yesterday.
Market Vectors Agribusiness ETF (AMEX: MOO) is 3.5% higher after coming off its highs recently.
SPDR S&P Homebuilders (AMEX: XHB) is 1.9% lower today, giving back a portion of yesterday's 8% gain. Notably, Toll Brothers (NYSE: TOL) CEO Bob Toll set up a plan to sell 3 million shares, which is not a good sign if you want to see a bottom in the sector.
SPDR Gold Shares (NYSE: GLD) down 1.2%, following the $10 drop in Spot Gold. Spot Gold was below $900 earlier but has recovered to $908. Other gold ETFs are also lower: Market Vectors Gold Miners ETF (AMEX: GDX) -7%
Oil Services HOLDRs (AMEX: OIH) is up 5.2% as Crude rose $4.54 today on a sharp drop in crude supplies and news that embattled Israeli Prime Minister Ehud Olmert will step down. Other oil related ETFs are also higher: Energy Select Sector SPDR (AMEX: XLE), United States Oil (AMEX: USO).
Market Vectors Steel ETF (AMEX: SLX) is 5% higher on continued strength in the sector following strong earnings results from U.S. Steel (NYSE: X) yesterday.
Market Vectors Agribusiness ETF (AMEX: MOO) is 3.5% higher after coming off its highs recently.
SPDR S&P Homebuilders (AMEX: XHB) is 1.9% lower today, giving back a portion of yesterday's 8% gain. Notably, Toll Brothers (NYSE: TOL) CEO Bob Toll set up a plan to sell 3 million shares, which is not a good sign if you want to see a bottom in the sector.
SPDR Gold Shares (NYSE: GLD) down 1.2%, following the $10 drop in Spot Gold. Spot Gold was below $900 earlier but has recovered to $908. Other gold ETFs are also lower: Market Vectors Gold Miners ETF (AMEX: GDX) -7%
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