Notable ETF Movers of the Day 01/27: (GDX) (TAN) (FXE) Higher; (XLU) (SPY) (XLP) Lower
Gainers
- Market Vectors Gold Miners ETF (NYSE: GDX) up 2.26 percent to $57.02. Gold miners moving higher following sentiment across markets that gold will see a rise as the Fed sees extension to loose money policies.
Gold February contracts are $2.8 higher to $1,729.5 per ounce.
- Guggenheim Solar (NYSE: TAN) up 2.32 percent to $3.09. Solars are on the move Friday, following reports that China might double installations in 2012, absorbing excess supply in the market. The majority of solars are up 4 percent ot 5 percent on the session.
- CurrencyShares Euro Trust (NYSE: FXE) up 0.64 percent to $131.32. The euro is stronger on the session following lackluster U.S. growth data and positive sentiment surrounding Greek debt. On Friday, European Union Economic and Monetary Affairs Commissioner Olli Rehn said Greece was "close" to reaching agreements with its creditors on sovereign debt issues.
Gross domestic product for the fourth-quarter ticked 2.8 percent higher while the chain deflator rose just 0.4 percent. The Street was looking for growth of 3.2 percent and 1.5 percent, respectively.
- Utilities Select Sector SPDR (NYSE: XLU) down 1.14 percent to $34.76. Utilities taking a hit today as two biggies missed earnings expectations. Earlier, Dominion (NYSE: D) reported fourth-quarter EPS of 58 cents, which was 6 cents worse than the analyst estimate of 64 cents. Dominion also guided to 2012 earnings of $3.10 to $3.25, versus the $3.25 consensus.
Also, American Electric Power (NYSE: AEP) reported fourth-quarter EPS of 40 cents, missing views calling for 41 cents.
Both Dominion and American Electric are lower on the session.
- SPDR S&P 500 (NYSE: SPY) down 0.32 percent to $131.46. As noted, GDP rose by less than expected last quarter, though the pace was the fastest its been since the second-quarter of 2010. Not all U.S. markets are lower, with the Nasdaq hanging in positive territory Friday.
- Consumer Staples Select Sector SPDR (NYSE: XLP) down 0.80 percent to $32.18. Lower with the broader market today, but Altria Group Inc. (NYSE: MO) is adding pressure following its fourth-quarter report earlier. Altria reported earnings of 41 cents per share, and an adjusted number of 50 cents per share, which compare with 49 cents per share expected on the Street. For more color on the numbers, click here.
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