Notable ETF Movers of the Day 12/17: SMH, KBE, UNG Higher; SPY, TAN, FXE Lower
- Fed maintains federal funds rate at 0 to 1/4; Fed maintains Treasury, MBS purchases but says moderation in pace may 'soon be warranted'
- Wall St ends higher as Fed signals bond-buying taper soon
- 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
- Semiconductor HOLDRs (NYSE: SMH) up 0.25% to $32.60. The ETF is receiving a little push from Applied Materials (Nasdaq: AMAT), which received an upgrade at Barclays from Equal Weight to Overweight today, and price target increased from $12 to $17. Shares of AMAT are up 1.83% to $13.62 today.
- SPDR KBW Bank (NYSE: KBE) up 0.89% to $24.80. Higher as Regions Financial (NYSE: RF) is still moving higher on takeover talks. Shares are up 3.7% this morning.
- United States Natural Gas (NYSE: UNG) up 0.58% to $5.57. Amid the transition from autmn to winter, ample supplies, as reported by the EIA yesterday, are helping keep prices depressed. The EIA also doubled its "technically recoverable" unproved nat-gas in the U.S., from 347 trillion cubic feet in October to 827 trillion cubic feet.
- SPDR S&P 500 (NYSE: SPY) down 0.10%% to $124.04. The Dow is doing a little pullback today after closing at a two-year high of 11,499.25 yesterday. No economic data, save for leading indicators, are out today to shake up the market. Investors are weighing the passage of a $850 billion extension to Bush-era tax breaks for all.
- Guggenheim Solar (NYSE: TAN) down 1.22% to $7.29. Led by First Solar, Inc. (Nasdaq: FSLR) which is down today after reports a circulating that they have delayed the construction of a solar panel factory near Bordeaux, France. The report was initially made in Les Echos, and is due to questions about French regulations. The paper cites FSLR CEO Rob Gillette.
- CurrencyShares Euro Trust (NYSE: FXE) down 0.66% to $131.01. Moody's downgraded
Ireland five notches to Baa1 today, adding pressure to the euro despite strong economic data out of Germany.
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