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Notable ETF Movers of the Day 06/23: (VXX) (UUP) Higher; (SPY) (USO) (UNG) Lower

June 23, 2011 11:49 AM EDT
Gainers
  • iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) up 5.10 percent to $24.75. The CBOE VIX is trading higher today as markets sell off following sour jobs numbers. Americans filing for jobless claims jumped by 9,000 to 429K, above the 420K consensus. The CBOE VIX near-term index is 14.3 percent higher today, due to increased volatility.

  • PowerShares DB US Dollar Index Bullish (NYSE: UUP) up 1.08 percent to $21.62. The U.S. dollar is looking strong versus rivals today, following comments by Fed Chair Ben Bernanke yesterday signalling that further quantitative easing was unlikely. Bernanke also noted that market liquidity would be preserved.
Receders
  • SPDR S&P 500 (NYSE: SPY) down 1.38 percent to $126.90 and PowerShares QQQ (Nasdaq: QQQ) down 0.75 percent to $54.42. Markets lower on jobs numbers and falling new home sales. New home sales dipped from 326K in April to 319K in May, stronger than the 305K sought by analysts. Aforementioned jobs numbers, as well as dropping oil prices following IEA news, are leading to an overall decline in the market. The Doe is off about 1.5 percent, while the S&P is 1.4 percent lower.

  • United States Oil (NYSE: USO) down 3.56 percent to $35.78. The International Energy Agency (IEA) said that it would release 60 million barrels of crude in response to the crisis in Libya. Oil prices are also weak following U.S. economic data. August contracts have gotten below $90 for the first time in months, since February.

  • United States Natural Gas (NYSE: UNG) down 2.60 percent to $10.68. Nat gas futures are trading lower following EIA data that suggested a 98 billion cubic feet added to stockpiles last week. Analysts were looking for a more modest addition of 87 to 91 bcf for the week. July contracts are trading $0.110 lower to $4.207 per mmBtu.


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