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Notable ETF Movers of the Day 10/18: (XLF) (USO) (SMH) Higher; (GLD) (FXI) (UNG) Lower

October 18, 2011 11:59 AM EDT
Gainers

  • Financial Select Sector SPDR (NYSE: XLF) up 1.56 percent to $12.40. Both Bank of America (NYSE: BAC) and Goldman Sachs (NYSE: GS) reported quarterly earnings this morning, and markets are buying in. The ETF is being led higher by BofA (NYSE: BAC), which is up 5.5 percent on the session.

  • United States Oil (NYSE: USO) up 0.42 percent to $33.57. Despite China's GDP growth slowing to 9.1 percent in the second-quarter, markets anticipate demand for crude will continue to pick up.

  • Semiconductor HOLDRs (NYSE: SMH) up 0.63 percent to $30.19. Amid International Business Machines (NYSE: IBM) reported weaker than expected quarterly results, the chip ETF is moving higher potentially on a relief rally in the broader markets. Texas Instruments (NYSE: TXN) is leading the group higher, up 1.5 percent on the session.


Receders

  • SPDR Gold Shares (NYSE: GLD) down 1.83 percent to $159.65. Gold is lower on the session on slowing China growth, Euro worries, and Goldman saying it reduced exposure to commodities last quarter. Investors appear to be favoring the dollar Tuesday. Gold December contracts are $39.1 lower to $1,637.5 per ounce on the Comex.

  • iShares FTSE China 25 Index Fund (NYSE: FXI) down 0.54 percent to $33.39. Again, China reports slowing GDP for the second-quarter, hinting that the slowing global expansion is finally hitting the nation.

  • United States Natural Gas (NYSE: UNG) down 2.34 percent to $8.77. Expectations are that nat gas stores will show an increase last week. Some speculate the addition of 112 billion cubic feet, bringing the running 4-week total to nearly 400 billion cubic feet of additions.


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