Notable ETF Movers of the Day 01/03: (XLF) (SPY) (USO) Higher; (VXX) (XLU) Lower

• Financial Select Sector SPDR (NYSE: XLF) up 2.85 percent to $13.37. Financials leading the charge, with Citigroup (NYSE: C) and Goldman Sachs (NYSE: GS) atop the heap, up 7.4 percent and 5.9 percent respectively. Many of the financials were hit as Europe worked to figure out a solution to its debt issues, with many U.S. banks holding a position in eurozone institutions. No news is good news might be the answer today.
  
  
• SPDR S&P 500 (NYSE: SPY) up 1.91 percent to $127.90. U.S. markets moving following better-than-expected economic data. The ISM Index for December came in at 53.9, up from 52.7 in November, and the 53.4 expected on the Street. Construction Spending in December also rose, by 1.2 percent for the month, outpacing the 0.5 percent estimate.
  
  
• United States Oil (NYSE: USO) up 3.78 percent to $39.55. Oil prices are spiking Tuesday, as Iran continues threats of closing the Straight of Hormuz. About 17 million barrels of oil per day pass through the Straight, amounting to about 40 percent of the world's daily shipments. Less oil being shipped means an increase in prices, as supply falls below demand. February contracts are $3.83 higher to $102.66 per barrel on the Comex.

• iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 5.01 percent to $33.75. The CBOE VIX near-term index is lower today, on a rather complacent start to 2012 in the U.S. markets.
  
  
• Utilities Select Sector SPDR (NYSE: XLU) down 1.43 percent to $35.47. The ETF is being led by Excelon (NYSE: EXC), which is down 3.5 percent following a ratings cut at Macquarie from Outperform to Neutral.

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