Notable ETF Movers of the Day 04/01: (XLF) (MOO) (FXI) Higher; (VXX) (UNG) (GLD) Lower

April 1, 2011 2:01 PM EDT
Gainers

  • Financial Select Sector SPDR (NYSE: XLF) up 1.16% to $16.58. The ETF is getting back to levels that it saw in mid-January as nonfarm payrolls increased more than expected and the U.S. unemployment rate fell 0.1 percentage points to 8.8 percent. Both numbers indicate sustained economic recovery in the U.S. amid concerns of QE2 diluting the U.S. dollar to being worthless. More economic viability in the U.S. will boost banks as loan default rates will trickle lower and more new loans might be given out as entrepreneurs become more confident in starting/expanding their businesses.

  • Market Vectors Agribusiness ETF (NYSE: MOO) up 1.57% to $56.92. Corn up $0.45 to $7.382/bushel on the Comex following a USDA crop report suggesting a tighter crop supply 2011. ETF led by Mosaic (NYSE: MOS) today, which is up 3%.

  • iShares FTSE China 25 Index Fund (NYSE: FXI) up 1.65% to $45.65. China stocks are seeig upside following bullish economic data out of the U.S. today. Nonfarm payrolls added 216K in March, better than the consensus calling for 185K. Hourly earnings remained flat in the month, as did the average work week.


Receders

  • iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 2.55% to $28.62. No surprise here, market volatility is lower is investors buy in on positive job news. When's the last time the market made such a move following the nonfarm payroll, which many had going the way of the dinosaurs just a few months ago? The CBOE VIX near-term index is 6.6% lower today.

  • United States Natural Gas (NYSE: UNG) down 0.96% to $11.39. Retreating from a surge yesterday, as the market continues to shift toward warmer-weather temps across the U.S. as gas transitions to more of an energy source rather than pure heating source in homes. Nat gas May 11 contracts down $0.045 to $4.344 per barrel.

  • SPDR Gold Shares (NYSE: GLD) down 0.48% to $139.18. Gold falling today on speculation that, following continued strong U.S. economic data, the Fed will move to tighten monetary policy. The Fed increasing interest rates would also increase the holding cost on gold as currencies become a better alternative investment. June 11 contracts, the most actively traded, are down $13.8 to $1,426.1 per ounce on the Comex.


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