Notable ETF Movers of the Day 12/02: (XLF) (XLK) (XRT) Higher; (VXX) (UNG) (GDX) Lower

• Financial Select Sector SPDR (NYSE: XLF) up 2.24 percent to $13.02. Financials reversing a Thursday slide as European hopes continue to gain steam. German Chancellor Anglea Merkel quipping that a proposal which would use national funds to administer debt in euro area nations was plausible. Europe staying afloat would eliminate some downside risk from holdings in the nation by U.S. banks. JPMorgan (NYSE: JPM) and Goldman Sachs (NYSE: GS) are both ripping higher, up 8 and 6.4 percent on the session, respectively.
  
  
• Technology Select Sector SPDR (NYSE: XLK) up 0.27 percent to $25.83. Tech stocks are a little mixed today, but the enthusiasm behind Google (Nasdaq: GOOG) and Apple (Nasdaq: AAPL) is enough to keep the ETF in positive territory. Google is said to have received Justice Department support in its proposed $400 million acquisition of AdMeld, and Apple is, well, Apple.
  
  
• SPDR S&P Retail (NYSE: XRT) up 1.13 percent to $52.59. Retailers coming off solid November sales numbers are being pushed higher by Zumiez, Inc. (Nasdaq: ZUMZ) Friday, which is up 20 percent on the session after reporting strong third-quarter numbers, an 8.4 percent increase in November comps, and fourth-quarter 2011 guidance that came in above views.

• iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 2.62 percent to $39.75. The CBOE VIX is trading nearly 4 percent lower on Friday's session, as markets move higher following revised nonfarm payroll numbers for October.
  
  
• United States Natural Gas (NYSE: UNG) down 1.37 percent to $7.91. Nat gas January contracts are $0.062 lower to $3.586 per mmBtu as traders take profit from a notable pop yesterday, as EIA data showed a surprise draw in stores compared with estimates calling for an addition to stockpiles. The ETF ended nearly 2 percent better Thursday.
  
  
• Market Vectors Gold Miners ETF (NYSE: GDX) down 2.40 percent to $58.85. Gold in limbo Friday following nonfarm numbers which caused the metal to shoot higher. Some speculate cashing in of profits, as the metal has struggled to move past the $1,750 per ounce mark. Accordingly, metals miners are down on the session.

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