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Notable ETF Movers of the Day 03/13: (SPY) (SMH) (FXI) Higher; (VXX) (UNG) Lower

March 13, 2012 12:24 PM EDT
Gainers
  • SPDR S&P 500 (NYSE: SPY) up 0.85 percent to $138.75. Markets oozing to new highs Tuesday on investors re-enter the market on sales numbers and business confidence. February sales rose 1.1 percent or 0.9 percent excluding autos. The Street was looking for a 1 percent and 0.6 percent gain, respectively.

    The ETF also hit a 52-week high of $138.85.

  • Market Vectors Semiconductor ETF (NYSE: SMH) up 1.70 percent to $34.69. Investors looking at Intel (Nasdaq: INTC) Tuesday following word its might be working on a web TV service. In addition, Xilinx (Nasdaq: XLNX) is helping out the ETF after boosting its dividend 15.8 percent to 22 cents, with a current yield of 2.4 percent.

  • iShares FTSE China 25 Index Fund (NYSE: FXI) up 1.88 percent to $39.56. Stocks in China have gained as Deutsche Bank and Nomura boosted their outlook on the country under speculation the government will move to spur growth. Some are expecting China to cut banks' reserve ratios, though nothing is set in stone yet.

    Deutsche moved its GDP estimate for 2012 from 8.3 percent prior to 8.6 percent now. Nomura boosted its target from 7.9 percent up to 8.2 percent.
Receders
  • iPath S&P 500 VIX Short Term Fund (NYSE: VXX) down 3.77 percent to $21.43. The CBOE VIX is about 5.7 percent lower on the session following stronger retail sales

  • United States Natural Gas Fund (NYSE: UNG) down 1.51 percent to $17.63. Nat gas lower on warmer weather views, leaving production cuts as one of the few catalysts for prices to increase. Nat gas April contracts are down $.058 to $2.211 per mmBtu on the Comex.


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