Notable ETF Movers of the Day 02/06: (UUP) (VXX) Higher; (FXI) (XLF) Lower
Gainers
- PowerShares DB USD Index Bulls (NYSE: UUP) up 0.21 percent to $22.06. The U.S. dollar is higher versus the euro today as investors and traders keep an eye on Greece. Monday, Fitch ratings commented that a disorderly default in Greece "cannot be wholly discounted."
The euro is down 0.2 percent to $1.3124.
- iPath S&P 500 VIX Short Term Fu (NYSE: VXX) up 0.35 percent to $24.07. The CBOE VIX is up about 4.8 percent on increased concerns that Greece won't be able to reach a debt deal.
- iShares FTSE China 25 Index Fun (NYSE: FXI) down 1.41 percent to $39.92. The China ETF is lower Monday following reports of further erosion to China's rapid growth should the debt crisis in Europe worsen. The IMF said its outlook for China might be cut nearly in half from 8.2 percent of growth expected in 2012 down to 4.2 percent.
- SPDR Select Sector Fund (NYSE: XLF) down 0.71 percent to $14.63. Financials lower Monday following uncertainty in Europe on Greek debt. Leading the move are Citigroup (NYSE: C) and Wells Fargo (NYSE: WFC), down 1.3 percent and 1 percent, respectively.
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