Notable ETF Movers of the Day 07/06: (VXX) (GLD) (UUP) Higher; (FXI) (UNG) (XLF) Lower

• iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 2.00 percent to $20.77. The CBOE VIX is higher today, about 4.5 percent, following U.S. economic data as well as Europe debt woes. The MBA Mortgage Index fell week-over-week to (5.2 percent), from (2.7 percent) the prior week. ISM services showed growth in June, but at 53.3 the index fell short of the expected 54.0 reading. Challenger job cuts reverse to 4.2 percent from a drop of 4.3 percent last month.
  
  
• SPDR Gold Shares (NYSE: GLD) up 1.00 percent to $149.11. Gold is seeing increased demand following Moody's downgrade of Portugal's credit rating to junk status. Gold is up $17.3 to $1,530.0 per ounce on the Comex.
  
  
• PowerShares DB US Dollar Index Bullish (NYSE: UUP) up 0.56 percent to $21.40. The U.S. dollar making some gains versus the euro today, as the Portugal downgrade weighs on traders and investors.

• iShares FTSE China 25 Index Fund (NYSE: FXI) down 1.93 percent to $42.15. China seeing some pressure as its central bank raised interest rates 25 basis points in order to curb further inflation.
  
  
• United States Natural Gas (NYSE: UNG) down 1.09 percent to $10.84. Natural gas is a pure trade play today, as temps are still expected to be above average in much of the U.S. August contracts are down $0.058 to $4.305 on the Comex.
  
  
• Financial Select Sector SPDR (NYSE: XLF) down 0.77 percent to $15.37. Financials being led lower by Bank of America (NYSE: BAC) today, as word is that a group of bondholders will file to intervene in BofA's $8.5 billion MBS settlement.

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