Notable ETF Movers of the Day 10/17: (XHB) (XME) Higher; (XLK) Lower
Get Alerts TOL Hot Sheet
Price: $119.58 -0.61%
Overall Analyst Rating:
NEUTRAL ( Down)
Dividend Yield: 0.8%
Revenue Growth %: +2.4%
Overall Analyst Rating:
NEUTRAL ( Down)
Dividend Yield: 0.8%
Revenue Growth %: +2.4%
Join SI Premium – FREE
Gainers:
SPDR S&P Homebuilders (NYSE: XHB) gained 32.7percent to 26. Economic data, including housing starts and building permits, showed large gains in September, fueling bullish sentiment for homebuilder stocks. Building permits rose 15 percent, outpacing expectations.
SPDR S&P Metals & Mining (NYSE: XME) gained 2 percent to 46.60. Shares of AK steel (NYSE: AKS) jumped 3.75 percent ahead of China Q3 GDP data tomorrow. Economists are projecting a decline to 7.4 percent year-over-year. If this proves to be correct, it may force China’s government to take additional steps to stimulate the economy.
Decliners:
Technology Select Sector SPDR (NYSE: XLK) declined 0.4 percent to 30.3 XLK’s decline comes in response to two significant earnings reports yesterday by giants Intel (Nasdaq: INTC) and IBM (NYSE: IBM). Both stocks are trading lower today.
SPDR S&P Homebuilders (NYSE: XHB) gained 32.7percent to 26. Economic data, including housing starts and building permits, showed large gains in September, fueling bullish sentiment for homebuilder stocks. Building permits rose 15 percent, outpacing expectations.
SPDR S&P Metals & Mining (NYSE: XME) gained 2 percent to 46.60. Shares of AK steel (NYSE: AKS) jumped 3.75 percent ahead of China Q3 GDP data tomorrow. Economists are projecting a decline to 7.4 percent year-over-year. If this proves to be correct, it may force China’s government to take additional steps to stimulate the economy.
Decliners:
Technology Select Sector SPDR (NYSE: XLK) declined 0.4 percent to 30.3 XLK’s decline comes in response to two significant earnings reports yesterday by giants Intel (Nasdaq: INTC) and IBM (NYSE: IBM). Both stocks are trading lower today.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Darden Restaurants (DRI) PT Raised to $190 at Guggenheim
- Red Cat Holdings Inc. (RCAT) Misses Q3 EPS by 5c
- Motus GI Holdings (MOTS) Tops Q4 EPS by 130c
Create E-mail Alert Related Categories
ETFs, Special ReportsRelated Entities
Standard & Poor's, Notable ETF Movers, Earnings, Housing StartsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!