Notable ETF Movers of the Day 09/13: (SPY) (XLP) Higher; (XHB) (KRE) Lower
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Broader markets are trading flat intraday on Thursday as investors await a key announcement from the FOMC regarding its decision on quantitative easing. Investors are anticipating a significant policy shift, but there is clearly room for disappointment. As a result, SPDR S&P 500 (NYSE: SPY) is higher by only 0.10 percent, though the ETF has gained 5 percent since August 1st.
Gainers:
Consumer Staples Select Sector SPDR ETF (NYSE: XLP) is higher by 0.9 percent to 35.73. Shares of Coca-Cola (NYSE: KO) are higher by 1.3 percent intraday, but still lower by 3.2 percent in the past 30 days. Coke and other consumer staples brands tend to fluctuate with the risk-on/risk-off trade. Lately, in light of the expected Fed announcement, it has been risk-on.
Decliners:
SPDR S&P Homebuilders (NYSE: XHB) is lower by 1.18 percent to 24.58. Shares of PulteGroup (NYSE: PHM) are pulling back after a healthy pop yesterday following an analyst upgrade. In the past 5 trading sessions PHM has gained 5.77 percent. Its year-to-date gains are off-the-chart, totaling 135 percent.
SPDR S&P Regional Banking ETF (NYSE: KRE) declined 0.6 percent to 28.84. Regional banks are treading water intraday. Trading has been choppy over the past 5 sessions, with a 5-day gain of only 0.30 percent. Meanwhile, Financial Select Sector SPDR (NYSE: XLF) is higher by 1 percent over the same period. Bank of America (NYSE: BAC) has been a standout among the large banks, gained 4.3 percent since last week. The regional vs. large bank debate goes on in analyst circles, with notable names standing on either side of the fence.
Gainers:
Consumer Staples Select Sector SPDR ETF (NYSE: XLP) is higher by 0.9 percent to 35.73. Shares of Coca-Cola (NYSE: KO) are higher by 1.3 percent intraday, but still lower by 3.2 percent in the past 30 days. Coke and other consumer staples brands tend to fluctuate with the risk-on/risk-off trade. Lately, in light of the expected Fed announcement, it has been risk-on.
Decliners:
SPDR S&P Homebuilders (NYSE: XHB) is lower by 1.18 percent to 24.58. Shares of PulteGroup (NYSE: PHM) are pulling back after a healthy pop yesterday following an analyst upgrade. In the past 5 trading sessions PHM has gained 5.77 percent. Its year-to-date gains are off-the-chart, totaling 135 percent.
SPDR S&P Regional Banking ETF (NYSE: KRE) declined 0.6 percent to 28.84. Regional banks are treading water intraday. Trading has been choppy over the past 5 sessions, with a 5-day gain of only 0.30 percent. Meanwhile, Financial Select Sector SPDR (NYSE: XLF) is higher by 1 percent over the same period. Bank of America (NYSE: BAC) has been a standout among the large banks, gained 4.3 percent since last week. The regional vs. large bank debate goes on in analyst circles, with notable names standing on either side of the fence.
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