Waning Confidence Weighs on ETFs

Receding consumer confidence took a toll on stocks Tuesday. The Conference Board said its index of consumer confidence for June fell to 49.3 from a revised 54.8 in May, which was revised down slightly from its originally reported 54.9. Weak numbers from key retailers such as Wal-Mart (WMT) and Abercrombie & Fitch (ANF) also weighed on indexes. Oil prices dropped sharply, but managed to stay above $70 a barrel, minimizing the slide in energy stocks. The Dow Jones Industrial Index lost 82 points to finish at 8448. For a complete rundown of Tuesday s trading session see our market story.

Winners

The iPath S&P 500 VIX Short-Term Futures Index fund (VXX) was up 1.5%, reflecting the actual 6.1% lift in the Chicago Board Options Exchange's Volatility Index, which rose to 21.88 (above the 25.66 level it reached right before the September collapse of Lehman Brothers). The iShares Cohen & Steers Realty Majors Index fund (ICF) bounced back a bit Tuesday, climbing 1.1% after a big selloff last week.

Losers

Gold prices slipped to $928, knocking back the Market Vectors Gold Miners (GDX) 3.4%. Lower shipping activity dragged the Claymore/Delta Global Shipping fund (SEA) 2.9% lower.

Tuesday s Industry Headlines

Launching Pad
MacroMarkets received final Securities and Exchange Commission approval to launch the MacroShares Major Metro Up (UMM) and the MacroShares Major Metro Down (DMM) funds, which started trading Tuesday. The funds are designed to deliver 300% and -300% of the return of the S&P/Case-Shiller Home Price 10 Index, the leading benchmark of residential home prices in the U.S.

Wednesday s Notebook

Earnings and Conference Calls
Constellation Brands, General Mills, Lindsay Corporation, UniFirst

Economic Data
7:00 a.m. June 26 Mortgage Refinance Application Survey
8:15 a.m. June ADP National Employment Report
10:00 a.m. June ISM Mfg Index
10:00 a.m. June Construction Spending
10:00 a.m. May Pending Home Sales
10:30 a.m. Jun 26 U.S. Energy Dept. Oil Inventories

A look at how the industry's most popular ETFs did on Tuesday:

10 Largest ETFs
SymbolNet AssetsPrice52 Week High52 Week LowVolume
SPY 63,69291.95130.768.13225,790,892
EFA 30,20145.8169.0632.1631,291,600
EEM 30,79332.2345.2119.1292,001,823
GLD NA91.1897.2470.1424,131,202
IVV 17,69292.35130.9268.244,744,882
QQQQ 13,35736.3848.3225.5196,516,498
IWF 9,44241.0355.4530.492,788,781
SHY 7,05983.718582.52703,215
VTI 10,15746.2765.5633.752,871,599
IWD 7,12247.5970.6434.222,604,506

INVESTOR CENTER

MARKETS:
Chart
TODAY
Portfolio Chart

RESEARCH STOCKS & FUNDS

Subscriber Tool

Stock Screener

Screen over 7,000 stocks using more than 100 different variables.

Portfolio Tracker

Track your own buys and sells

See More Tools

Answer Engine
Find Answers to Life's Challenges  

Find solutions to this and many other problems using

Answer Engine from SmartMoney. 

Copyright 2012 Dow Jones & Company, Inc. All Rights Reserved
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit
www.djreprints.com.