Notable ETF Movers of the Day 08/16: GLD, XRT, SMH Higher; UNG, UUP, USO Lower (INTC, TXN, LOW)

• SPDR Gold Shares (NYSE: GLD) up 0.78% to $119.67. Gold prices are higher today as investors look for a safe-haven among weak economic data and a shaky U.S. dollar and slowing global growth. Japan's GDP for the second quarter was 0.4%, smaller than the 4.4% seen in the first quarter. Gold has been on a tear since the Fed's indications of QE2.
  
  
• SPDR S&P Retail (NYSE: XRT) up 0.57% to $37.09. Higher today ahead of retailers’ earnings reports this week. Lowe's (NYSE: LOW) is leading today, up about 2.3% as the company reported their second quarter earnings today.
  
  
• Semiconductor HOLDRs (NYSE: SMH) up 1.21% to $26.01. The semis are up today, led by Intel (Nasdaq: INTC), as the company announced the acquisition of Texas Instruments' (NYSE: TXN) cable modem product line.

• United States Natural Gas (NYSE: UNG) down 3.16% to $7.06. Inventories for the week ended August 6, 2010, were up about 7.9% above the five-year average, to 2.985 trillion cubic feet , trumping forecasts for warmer weather over the next several days.
  
  
• PowerShares DB US Dollar Index Bullish (NYSE: UUP) down 0.75% to $23.93. Lower today as the Empire Manufacturing Index came in at 7.10, up from 2.08 in July, but below the 8.0 that the Street was looking for.
  
  
• United States Oil (NYSE: USO) down 0.50% to $33.63. Lower today as investors are weighing a slowing economic recovery against demand for oil, despite inventories being up. September contracts are $0.21 lower today to $75.18/barrel.

You May Also Be Interested In

• Genco Shipping & Trading Limited (GNK) Sends Letter to Shareholders
• CSS Entertainment (CSSE) Receives Nasdaq Delinquency Letter
• Masonite (DOOR) Shareholders Approve Transaction with Owens Corning (OC)