Notable ETF Movers of the Day 10/19: (USO) (XLF) (XRT) Higher; (XLK) (GLD) (FXI) Lower
- Wall St ends higher as Fed signals bond-buying taper soon
- Fed maintains federal funds rate at 0 to 1/4; Fed maintains Treasury, MBS purchases but says moderation in pace may 'soon be warranted'
- Toast (TOST) IPO Opens Up 63%, Pushing Valuation to Nearly $33B
- Facebook (FB) Shares Hit After Warning on Impact of Apple's (AAPL) Privacy Changes
- Adobe (ADBE) Tops Q3 Estimates, After-Hours Move Lower in Shares Creates a Buying Opportunity Says Analyst
- United States Oil (NYSE: USO) up 0.23 percent to $34.23. Crude prices creeping higher on a shaky U.S. dollar and inventory data today. Crude saw a drop of 4.7 million barrels to 332.9 million barrels. Analysts were expected a more modest draw-down of 1.75 million barrels.
- Financial Select Sector SPDR (NYSE: XLF) up 0.51 percent to $12.85. Citi (NYSE: C) and Bank of America (NYSE: BAC) bouncing higher today, following a sell off earlier in the week on earnings results and overall market weakness. Peer Morgan Stanley (NYSE: MS) reported rather solid third-quarter numbers Wednesday, driving that stock about 2.5 percent higher.
- SPDR S&P Retail (NYSE: XRT) up 0.24 percent to $51.11. The ETF being moved higher by Family Dollar Stores Inc. (NYSE: FDO), which is up about 3 percent Wednesday, potentially on speculation that more shoppers will need to turn to Family Dollar as economic recovery continues to lag.
- Technology Select Sector SPDR (NYSE: XLK) down 0.50 percent to $25.69. The tech ETF being pushed lower by a surprise miss by Apple (Nasdaq: AAPL) with its fourth-quarterly earnings report. Apple is 3.5 percent lower on Wednesday session.
- SPDR Gold Shares (NYSE: GLD) down 0.85 percent to $160.46. Gold is still being tossed aside in favor of equities and currencies as Europe still is in talks about debt and the CPI came in at 0.3 percent, in-line with expectations.
- iShares FTSE China 25 Index Fund (NYSE: FXI) down 1.08 percent to $33.77. China falling for a second day as foreign investment into the country slowed to its lowest pace in three months. Foreign investment gained 7.9 percent to $9 billion, China's Ministry of Commerce reported, compared with 19.8 percent in July and 11.1 percent in August.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Freshworks (FRSH) IPO Opens 21% Higher, Valuing CRM Player Over $12B
- Needham & Company Starts Harmony Biosciences Holdings Inc. (HRMY) at Buy
- H.B. Fuller (FUL) Reports In-Line Q3 EPS
Create E-mail Alert Related CategoriesETFs, Special Reports
Related EntitiesCiti, Morgan Stanley, Standard & Poor's, Crude Oil, Notable ETF Movers, Earnings
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!