Notable ETF Movers of the Day 09/06: (XME) (SMH) (SPY) Higher; (TLT) Lower

Broader markets are higher on Thursday, with SPDR S&P 500 ETF (NYSE: SPY) posting solid gains of nearly 2 percent. SPY is trading above its previous 52-week high at 143.63, and it’s all thanks to ECB president Mario Draghi and his euro area bond-buying plans, which were announced today.

Gainers:

SPDR S&P Metals & Mining ETF (NYSE: XME) is higher by 3.30 percent due to a board based sector rally. Alcoa, Inc. (NYSE: AA), Reliance Steel & Aluminum Co. (NYSE: RS),�coals�miners – stocks in this sector are higher pretty much across the board.

Market Vectors Semiconductor ETF (NYSE: SMH) is higher by 3 percent. Again, this has a lot to do with the broader rally. However, it is interesting to note the large swings in semiconductor stocks in response to macro events tied to global growth.

Decliners:

iShares Barclays 20+ Year Treas Bond ETF (NYSE: TLT) is lower by 1.54 percent. Stocks up, bonds down – could it be investors are becoming rational? Yields on 10-year U.S. treasury bonds are back up above 1.6 percent after gaining 8 basis points.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Berenberg Starts Lloyds TSB Group (LYG) at Hold, 'shares are fairly valued'
• Midday movers: Tesla, Li Auto and CNH Industrial fall; Salesforce rises
• Wall St drops as Meta Platforms, economic data weigh