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Notable ETF Movers of the Day 06/20: (EWJ) (SMH) Higher; (FXI) (USO) (XLP) Lower

June 20, 2012 11:45 AM EDT
Gainers
  • iShares MSCI Japan Index (NYSE: EWJ) up 0.71 percent to $9.20. For the most part, shares in Japan and other Asian markets rose on speculation that more monetary easing measures will be taken by the Fed today.

  • Market Vectors Semiconductor ETF (NYSE: SMH) up 0.55 percent to $32.62. In addition to more stimulus, the tech ETF is getting a boost from Applied Materials (Nasdaq: AMAT), which was upgraded to Overweight by Barclays earlier. Applied Materials stock is up 3 percent Wednesday.
Receders
  • iShares FTSE China 25 Index Fund (NYSE: FXI) down 0.56 percent to $33.85. China's stocks lower following a recent run-up as some investors are taking profits on speculation China's economic bottom hasn't hit yet. The Shanghai Composite fell 0.3 percent Wednesday.

  • United States Oil (NYSE: USO) down 1.93 percent to $31.07. Crude slipping following EIA data for last week showing a stockpile increase of 2.86 million barrels, versus expectations for a 1.1 million barrel drop.

    Crude August contracts are down $1.42 to $82.93 per barrel on the Comex.

  • Consumer Staples Select Sector SPDR (NYSE: XLP) down 0.70 percent to $34.15. Staples lower, with the move being led by Proctor & Gamble (NYSE: PG). Ahead of the bell today, P&G said its cutting its fourth-quarter 2012 outlook due to slower than expected market growth rates and negative currency impact. P&G shares are off over 3 percent Wednesday.


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