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Notable ETF Movers of the Day 11/23: (VXX) (UUP) (UNG) Higher; (SPY) (FXI) (MOO) Lower

November 23, 2011 12:28 PM EST
Gainers

  • iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 2.50 percent to $47.58. The CBOE VIX is up about 4.1 percent Wednesday, heading into the Thanksgiving Holiday. European woes are leading U.S. markets to straight down days. The Dow has closed lower 5 of the last 7 sessions as contagion fears, surging yields, and illiquidity grab market attention.

  • PowerShares DB US Dollar Index Bullish (NYSE: UUP) up 1.07 percent to $22.27. The U.S. dollar acting as a force field against market volatility, as Europe has its issues, and China -- which saw its HSBC flash PMI fall from 51 in October to 48 in November -- isn't providing too much of an alternative today. Capital preservation is key, as expected light volumes on Friday will add to volatility.

  • United States Natural Gas (NYSE: UNG) up 1.41 percent to $7.92. EIA data shows nat gas inventories rose 9 billion cubic feet last week, much lower than the 19.5 bcf increase expected by economists surveyed by Dow Jones. The ETF ripped into positive territory following the news.


Receders

  • SPDR S&P 500 (NYSE: SPY) down 1.65 percent to $117.22. Mixed economic data in the U.S. Wednesday is adding to market uncertainty. Initial claims of 393K was a little bit above both the prior month's reading and expectations for 391K, consumer spending fell to a 0.1 percent increase, while personal income rose 0.4 percent, and the UofM Consumer Sentiment at 64.1 came in slightly lighter than expected. Oh, transportation-free durable orders rose 0.7 percent, while it sank 0.7 percent including transportation, both were better than expectations.

  • iShares FTSE China 25 Index Fund (NYSE: FXI) down 2.45 percent to $33.48. As mentioned above, the HSBC PMI decrease, coupled with weak European news and mixed U.S. data, spells bad news bears for China stocks. The Shanghai Index finished nearly 0.7 percent lower Wednesday.

  • Market Vectors Agribusiness ETF (NYSE: MOO) down 1.70 percent to $46.17. Amid Deere (NYSE: DE) trading comfortably in positive territory (up 3.6%!) following fourth-quarter numbers, overall market pressure is keeping many in the red today. Click here for more on Deere's earnings.


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