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Notable ETF Movers of the Day 11/28: (SPY) (XLF) (RTH) Higher; (UNG) (UUP) (VXX( Lower)

November 28, 2011 11:50 AM EST
Gainers

  • SPDR S&P 500 (NYSE: SPY) up 3.02 percent to $119.85. U.S. markets are making a rebound, following several sessions of losses, as hopes for a new European bailout plan as well as strong Black Friday sales, have investors making a move toward the markets. The Dow is up about 2.7 percent, while the Nasdaq and S&P 500 are up about 3 percent.

  • Financial Select Sector SPDR (NYSE: XLF) up 3.14 percent to $12.15. Financials shrugging off a mass downgrade by Morgan Stanley (NYSE: MS) Monday morning, as markets rally on macro news and hints that increased holiday spending might spell a little bit of a recovery as consumers become more confident in fiscal positions. Leading the move higher today is Citi, (NYSE: C), which is over 6 percent better on the session.

  • Retail HOLDRS (NYSE: RTH) up 2.52 percent to $109.10. Amazon (Nasdaq: AMZN) is leading the move in the retail ETF, following an arguably successful Black Friday, and hopes for an equally successful Cyber Monday. Click here for more color on Amazon's weekend, including the fourfold increase in Kindle sales.


Receders

  • United States Natural Gas (NYSE: UNG) down 1.75 percent to $7.88. Nat gas is getting slammed Monday, following a 7 percent gain last week, as traders believe there won't be too much positive news heading into Thursday draw report amid colder weather moving in for most of the U.S. The last several weeks have seen milder than normal temps across much of the Midwest and Eastern U.S., meaning less need for nat gas as a heating fuel. January contracts are $0.088 lower to $3.577 per mmBtu on the Comex, a 2.4 percent dip.

  • PowerShares DB US Dollar Index Bullish (NYSE: UUP) down 0.62 percent to $22.28. The U.S. dollar is trading lower Monday as investors and traders have an increased risk appetite, and the euro is showing strength on continued debt resolution talks. The euro is up 0.83 percent to €1.3341 versus the U.S. dollar.

  • iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 5.73 percent to $46.38. The CBOE VIX near-term volatility index is 6 percent lower as complacency returns to the marketplace. At just about $32, the level is still high, though levels have been elevated ever since the start of August, when European debt issues were rehashed.


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