Tuesday's Biggest ETF Winners And Losers

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Gains in exchange traded funds at the open Tuesday fizzled away by the afternoon as Spain's rescue package failed to impress the markets.

United States Natural Gas ( UNG ), -3.86%, lost the most among non-leveraged ETFs.First Trust ISE-Revere Natural Gas Index ( FCG ), a basket of producers and explorers, fell 2.27%.

U.S. natural gas stockpiles as of June's end climbed 23% from the year-ago period to about 3.1 trillion cubic feet, according to the U.S. Energy Information Administration. Inventories are 23% higher than the five-year average. In its Short-Term Energy Outlook released Tuesday, the EIA stated it expects natgas stores to soar to a record of 4 trillion cubic feet by the end of October thanks to increases in shale gas production.

The EIA estimates natgas will average $2.58 per million British thermal units (MMBtu) in 2012. That's 36% lower than last year's average price of $4.00 per MMBtu. The commodity is forecast to trade at $3.22 per MMBtu on average in 2013.

Record-low prices have spurred electric power producers to opt for natgas over coal. Power producers are seen increasing natgas consumption by 21% this year. Total residential and commercial consumption this year will rise nearly 5% over last year.

Semiconductor Sell Off

Advanced Micro Devices ( AMD ), -11.3%, andCirrus Logic ( CRUS ), -8.66%, led a selloff in semiconductors.SPDR S&P Semiconductor ( XSD ), which tracks chip makers in the S&P 500, fell 2.39%.

AMD issued a dismal second-quarter guidance late Monday citing weak sales in China and Europe and lower-than-expected consumer demand. The company expects revenue to fall 11% from the first quarter, which was lower than its prior forecast of a 0% to 6% sales increase.

Applied Materials (AMAT), -2.81%, lowered its full-year guidance because of weaker-than-expected demand in its chip business.

Market Overview

After gapping up 0.5% at the open, the SPDR S&P 500 (SPY) spent the rest of the morning giving back its gains. It's down 0.51% in afternoon trade.SPDR Dow Jones Industrial Average (DIA) fell 0.39%.PowerShares QQQ (QQQ), a basket of the largest 100 nonfinancial stocks on the Nasdaq, dropped 0.63%.

All three are struggling to hold above their short-term 50-day moving average.

IShares MSCI EAFE Index (EFA), tracking developed foreign markets, gave back 0.28%. The euro fell to a two-year low against the dollar and a five-year low against the yen. European leaders agreed to give Spain 30 billion euros ($37 billion) in aid to shore up its troubled banks.

IShares MSCI Emerging Markets Index (EEM) lost 0.57%. More data from China signaled slowing demand in the world's second-largest economy. China's imports in June grew at half the expected rate, suggesting that domestic demand is waning.

Both EFA and EEM appear to have hit price resistance at their 200-day moving averages, a key technical level.

Follow Trang Ho on Twitter @TrangHoETFs .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , ETFs
Referenced Symbols: AMD , CRUS , FCG , UNG , XSD

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