Notable ETF Movers of the Day 02/09: (VXX) (TAN) (UNG) Higher; (FXI) (XLF) Lower
- Dow, S&P 500 end with gains up after bumpy week, but Nike drags
- Over $100 Billion Wiped Off: Bitcoin (BTC) Price Falls As China's Central Bank Vows to Ban Cryptocurrency Trading
- Nike (NKE) Stock Falls On a Revenue Miss and Slashed FY Sales Outlook, Analysts Bullish Despite NT Supply Chain Challenges
- Oil hits highest in almost 3 years as supply tightens
- Here's Why Meredith (MDP) Stock Price Soared 18% in After Hours
- iPath S&P 500 VIX Short Term (NYSE: VXX) up 3.06 percent to $25.23. The CBOE VIX is up about 2.5 percent as the market prices in the proposed Greek settlement coupled with better than expected jobless claims. Though Greece and the troika agreed to terms, austerity measures proposed -- including government job cuts and lower pensions -- may further hamper a nation that has been struggling for a while.
Otherwise, initial claims fell 15,000 to 358,000, from a revised 373,000 last week.
- United States Natural Gas Fund (NYSE: UNG) up 3.28 percent to $5.36. Nat gas supplies fell 78 billion cubic feet to 2.888 trillion cubic feet last week. The number was below the analyst range of 83 to 88 billion cubic feet.
On the move today, traders might be looking for colder weather to increase demand for at least the last part of the winter. Otherwise, some value-buying might be going on. Nat gas March contracts are up $0.079 to $2.527 per mmBtu on the Comex.
- Guggenheim Solar ETF (NYSE: TAN) up 5.72 percent to $3.68. Solars are ripping today following reports Renewable Energy Corp said demand was shifting to Asia and the U.S. Specifically, the firm said China's government plans to double solar installations this year and set preferential power tariffs designed to encourage movements to cleaner energy sources.
Leading the move is Trina Solar (NYSE: TSL), which is 20 percent-plus higher today.
- iShares FTSE China 25 Index Fun (NYSE: FXI) down 1.19 percent to $39.92. China stocks lower following reports that annual inflation hit 4.5 percent in January, its highest mark in three-months after slowing to 4.1 percent in December.
- SPDR Select Sector Fund - Financial (NYSE: XLF) down 0.47 percent to $14.70. U.S. banks agreed on robosigning settlements today, sending many lower on the session Thursday. Overall, settlements might total as much as $26 billion for Bank of America (NYSE: BAC), Citigroup (NYSE: C), JPMorgan Chase (NYSE: JPM), Ally Financial, and Wells Fargo (NYSE: WFC), the five largest U.S. banks.
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