Close

Notable ETF Movers of the Day 09/30: (VXX) (UUP) (GDX) Higher; (XLF) (FXI) (USO) Lower

September 30, 2011 11:54 AM EDT
Gainers

  • iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 2.55 percent to $51.14. The CBOE VIX is 4.7 percent stronger Friday, as economic data in the U.S. as well as comments from the Economic Cycle Research Institute (ECRI) are adding to market pressures. Consumer spending fell in August from 0.7 percent in July to 0.2 percent. Personal income also fell unexpectedly, to a negative 0.1 perncent, compared with the positive 0.1 percent expected on the Street.

    ECRI co-founder Lakshman Achuthan said a second recession in "unavoidable," according to a Yahoo! (Nasdaq: YHOO) interview Friday morning. Though the comments may not be market moving -- definitely not as much as the Fed's Bernanke or ECB's Trichet -- they certainly are echoing overall sentiment.

  • PowerShares DB US Dollar Index Bullish (NYSE: UUP) up 0.63 percent to $22.22. The U.S. dollar being sought as a safe haven against market volatility today on U.S. economic data as well as news that Germany's retail sales did quite live up to expectations, adding pressure to the euro. Reports have German retail sales falling 2.9 percent in August, from July, which was much wider than the 0.1 percent drop analysts were forecasting. The EUR/USD trade is 0.92 percent better to €1.3458.

  • Market Vectors Gold Miners ETF (NYSE: GDX) up 2.33 percent to $56.36. Gold is peaking it's head up as a safe haven today, December contracts trading $4.8 higher to $1,622.1 per ounce on the Comex. The miners are seeing some upside from this, with the ETF being led by Newmont Mining Corp. (NYSE: NEM), which is up about 4 percent on the session.


Receders

  • Financial Select Sector SPDR (NYSE: XLF) down 1.63 percent to $12.05. Financial are seeing some overall weakness today stemming from global concerns. Also, Bank of America (NYSE: BAC) reported yesterday it would begin charging a $5 monthly fee for debit-card users.

  • iShares FTSE China 25 Index Fund (NYSE: FXI) down 3.16 percent to $31.87. China's PMI came in at 49.9, according to a report from HSBC and Markit Economics. This is the third straight month that China's manufacturing has come in below 50, a sign of slowing.

  • United States Oil (NYSE: USO) down 1.75 percent to $31.41. Crude contracts are $1.08 lower to $81.06 per barrel on the Comex, as a stuttering global economy doesn't need as much energy to move (less commuting, plane flights, taxis, etc.). The 22 percent or so decline from highs above $105 in July underscore how demand has waned over the last several months on European debt worries and unemployment in the U.S., among other items.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

ETFs, Special Reports

Related Entities

Jean-Claude Trichet, Ben S. Bernanke, Standard & Poor's, HSBC, Crude Oil, Notable ETF Movers, Personal Income/Spending