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Notable ETF Movers of the Day 08/19: (GLD) (VXX) (FXE) Higher; (XLK) (SPY) (EWY) Lower

August 19, 2011 11:58 AM EDT
Gainers

  • SPDR Gold Shares (NYSE: GLD) up 1.38 percent to $180.18. Gold December contracts are up $30.2 to $1852.2 per ounce on the Comex today, as European bank fears still persist, and CPI is increasing at a rapid click thanks in part to volatile food and energy prices. U.S. markets are up on the day, if modestly, as investors and traders weigh potential outcomes as several firms have cut U.S. GDP forecasts recently. Notably, lower bond yields and higher inflation are two great catalysts for investors turning to gold, a hedge against both.

  • iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 3.01 percent to $41.69. Even though the CBOE VIX ETF is now only up half as much as when Friday started, don't be fooled: markets are still volatile. The CBOE VIX is down on the day, but is still above $40 and at one of the highest levels since the meltdown of 2008 - 09, even beyond that of 2010 Gulf of Mexico oil disaster.

  • CurrencyShares Euro Trust (NYSE: FXE) up 0.39 percent to $143.38. Initial fears that the Swiss National Bank tapped into the Fed's liquidity swap line for $200 million caused initial jitters, but relief came later when word spread that the funds had been redeemed. Also, the ECB is supposedly buying Italian government bonds, helping to stem an initial sell off in Europe and infused some confidence back in the euro. The euro/U.S. dollar is up 0.44 percent to €1.4386.


Receders

  • Technology Select Sector SPDR (NYSE: XLK) down 0.91 percent to $22.87. Following Hewlett-Packard's (NYSE: HPQ) announcements after the market closed yesterday (which can be reviewed here), shares sold as much as 23 percent to a new 52-week low of $22.75 today, bringing weakness to the rest of the consumer electronics sector.

  • SPDR S&P 500 (NYSE: SPY) down 0.34 percent to $114.12. Following a large decline yesterday, markets are hovering near-even Friday, as investors re-evaluate growth concerns in the U.S. and around the world. The Nasdaq is currently in positive territory, while the Dow and S&P are trading lower. Further, better than expected earnings from companies like Marvell (Nasdaq: MRVL) and Autodesk (Nasdaq: ADSK), among others, are adding a little support today.

  • iShares MSCI South Korea Index (NYSE: EWY) down 2.05 percent to $51.61. South Korea's Kospi closed lower on a potential slump in the U.S. recovery and European debt fears. Companies like Samsung and Hyundai both derive gobs of revenue from the U.S. and Europe, and any weakness will affect their results on the top and bottom lines.


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