Notable ETF Movers of the Day 04/09: (VXX) (GLD) Higher; (SPY) (USO) (FXI) Lower
Gainers
- iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 5.42 percent to $18.83. The CBOE VIX hit Monday following economic data over the long holiday weekend. According to the labor department, nonfarm payrolls rose 120K in March, compared with expectations calling for a gain of about 200K. Otherwise, unemployment saw a slight dip to 8.2 percent, from 8.3 percent in February.
- SPDR Gold Shares (NYSE: GLD) up 0.47 percent to $159.05. Investors buying into gold on a weaker U.S. dollar, as nonfarm numbers might increase the potential for QE3. In addition, China's CPI in March rose 3.6 percent, more than the 3.4 percent gain expected. Analysts are now keeping an eye on reserve ratio cuts in China, which would be a positive for the metal.
June 2012 contracts are up $8.9 to $1,639 per ounce on the Comex.ul>Receders- SPDR S&P 500 (NYSE: SPY) down 1.30 percent to $137.97. Investors and traders are easing investments Monday following economic data as well as heading into first-quarter 2012 reports, which are largely expected to produce many more earnings misses than the fourth-quarter last year.
- United States Oil (NYSE: USO) down 2.09 percent to $38.44. Amid Iran agreeing to resume talks over its nuclear program, the president of OPEC, Abdul Kareen Luaiby, said there have been no production disruptions thus far. Crude May contracts are $2.41 lower to $100.90 per barrel.
- iShares FTSE China 25 Index Fund (NYSE: FXI) down 1.60 percent to $36.41. Again, U.S. jobs data as well as inflation concerns in China (officials are aiming for CPI below 4 percent to keep growth in check. March is the second month for the measure to come within expectations) are keeping many on the sidelines.
- SPDR S&P 500 (NYSE: SPY) down 1.30 percent to $137.97. Investors and traders are easing investments Monday following economic data as well as heading into first-quarter 2012 reports, which are largely expected to produce many more earnings misses than the fourth-quarter last year.
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