Notable ETF Movers of the Day 03/29: (VXX) (UUP) Higher; (XLF) (USO) (FXI) Lower

• iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 5.13 percent to $18.22. The CBOE VIX is up again for the third straight session followin economic data out of the U.S. which saw a narrower-than-expected drop in initial claims and no upward revision to fourth-quarter GDP.
  
  GDP for the last quarter was affirmed at 3.0 percent, in-line with expectations. Initial claims came in at 359,000, from a revised-higher 364,000 the prior week and expectations of 350,000.
  
  
• PowerShares DB US Dollar Index Bullish (NYSE: UUP) up 0.21 percent to $22.00. Investors are moving to the dollar as markets tumble a little further on expectations for slower growth in China and amid economic numbers in the U.S.
  
  Chinese insurer PICC Property & Casualty reported earnings which misses expectations, hinting at potential slowdown in the Chinese economy. PICC is a non-life company, meaning that as things get built they need to be insured. Less things getting built means less need for insurance.

• Financial Select Sector SPDR (NYSE: XLF) down 1.70 percent to $15.60. Financials lower following a nice run over the last few weeks as investors and traders are taking a hard look at economic numbers and evaluating their outlook. There might also be some profit-taking in there somewhere.
  
  Leading financials lower are American Express (NYSE: AXP) and Citigroup (NYSE: C), down 2.7 percent and 2.5 percent, respectively.
  
  
• United States Oil (NYSE: USO) down 2.02 percent to $39.38. Crude lower on the session, continuing from Wednesday after EIA data showed a greater-than-expected increase in inventories last week, as chatter Thursday surrounds the release of stockpiles from the U.S. and U.K.
  
  Otherwise, economic data and the prospect of slowing growth have oil hitting the skids.
  
  
• iShares FTSE China 25 Index Fund (NYSE: FXI) down 2.21 percent to $35.89. As mentioned, several Chinese companies have posted marks last quarter which came in below views. Most recently, Sany Heavy Industry and gold producer Zijin Mining both missed marks.
  
  Further, Bloomberg reported that Sinovel Wind Group dipped as the government said it would invest less in wind power.

You May Also Be Interested In

• Benchmark on Take-Two's (TTWO) GTV 6 Release: 'we anticipate that the game will not be released within the fiscal year and expect it to launch in fiscal 2026 instead'
• CIMC Enric Holdings Ltd. (3899:HK) (CIMEF) PT Lowered to HK$8.70 at HSBC
• TD Cowen Reiterates Buy Rating on Constellation Brands (STZ)