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Notable ETF Movers of the Day 02/23: (VXX) (USO) (FXE) Higher; (UNG) (IYT) (XLK) Lower

February 23, 2011 11:58 AM EST
Gainers


  • iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 0.40% to $32.68. The CBOE VIX near-term volatility index is about 3% better today, as investors are keeping their eye on Libya and economic data has home prices hitting a new nine-year low. Reuters reports that home prices fell 3.7% compared to January 2010 to $158,800, their lowest level since April 2002.

  • United States Oil (NYSE: USO) up 2.39% to $39.41. Continuing higher today following reports that Libya could cut oil output, and that the halt might spread through the rest of the Middle East. The oil ETF is up over 9% since last Friday. April 11 crude contracts are up $2.21/barrel to $97.63/barrel today on the Comex.

  • CurrencyShares Euro Trust (NYSE: FXE) up 0.76% to $137.02. Word is that interest rates in Europe will rise faster than those in the U.S. European Central Bank


Receders


  • United States Natural Gas
    (NYSE: UNG) down 0.44% to $5.17. Futures falling today as some are expecting the EIA to report an 85 billion cubic feet drop, narrower than the five-year average drop of 148 bcf according to Bloomberg. Temps in the Eastern U.S. were above average last week.

  • iShares Dow Jones Transportation Average (NYSE: IYT) down color="red">2.07% to $90.15. Led by FedEx (NYSE: FDX) today, which is down 3.6%, as transports are getting priced in for potential further surge in crude prices. Airline stocks are also slumping, with US Airways Group, Inc. (NYSE: LCC) down 6.7% on the day so far.

  • Technology Select Sector SPDR (NYSE: XLK) down 0.80% to $26.13. Hewlett-Packard (NYSE: HPQ) is adding pressure to the tech sector today, following a weak Q211 outlook from the tech giant. H-P had a mixed Q111 report, but was looking for Q211 EPS of $1.19 - $1.21 on revs of $31.4 - $31.6 billion, compared to the consensus EPS of $1.25 and $32.59 billion in revs. HPQ shares are down over 10%
    today.


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