Close

Notable ETF Movers of the Day 05/17: (VXX) (UUP) Higher; (UNG) (SMH) (USO) Lower

May 17, 2011 11:47 AM EDT
Gainers

  • iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up $1.61 percent to $24.56. Though whipsawing a little today, the CBOE VIX-tracking ETF is comfortably in the green this afternoon. Markets are lower overall as Hewlett-Packard (NYSE: HPQ) lowered its second quarter outlook, causing shares to fall over 9 percent. Additionally, housing starts and building permits slowed month-over-month, while industrial production in April was flat. The increased volatility in the market is pushing the VIX higher.

  • PowerShares DB US Dollar Index Bullish (NYSE: UUP) up 0.23 percent to $21.67. Some chain reaction going on here, the dollar is gaining versus the euro and other currencies on a drop in equities and commodities, which is causing raw materials prices to increase as well, according to Reuters.


Receders

  • United States Natural Gas (NYSE: UNG) down 3.15 percent to $10.77. Natural gas futures are trading lower as cooler weather is expected to stick around for the balance of the next week or so. Nat gas, used in electric power, is expected to add to stockpiles that are already rather robust. June contracts are $0.147 lower to $4.171 per mmBtu.

  • Semiconductor HOLDRs (NYSE: SMH) down 2.19 percent to $35.34. Sliding today on Hewlett-Packard results, with lowered FY11 EPS outlook and muted third quarter guidance. As noted above, H-P shares are down about 9 percent today, causing investors to exit some tech stocks. Dell, Inc. (Nasdaq: DELL) is expected to report after the market today, possibly providing a catalyst for investors to re-enter the market.

  • United States Oil (NYSE: USO) down 1.97 percent to $37.75. U.S. economic data, mentioned above in VXX, are driving crude today. Industrial output for April was flat, compared to expectations for a 0.5 percent increase. Housing starts, at 523K, missed expectations for 563K. Additionally, building permits in April were 551K, missing the 590K consensus. Finally, capacity utilization was 76.9 percent, compared with views calling for 77.7 percent. WTI June crude contracts are down $2.20 to $95.17 per barrel.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

ETFs, Special Reports

Related Entities

Standard & Poor's, Crude Oil, Notable ETF Movers, Earnings, Housing Starts