Active broad-market exchange-traded funds at mid-day:
SPDR S&P 500 (
iShares MSCI Emerging Markets Index (
Financial Select Sector SPDR (
PowerShares QQQ Trust, Series 1 (
iShares Russell 2000 Index (
Stocks are modestly lower today following disappointing earnings
from Dow and Nasdaq bellwethers Apple (AAPL) and Amazon.com (AMZN).
Helping U.S. equity markets fend off a bigger downdraft was the
U.S. government report that Q3 GDP weighed in at 2.0%, topping the
Dow Jones compiled analyst forecast of 1.8%.
The University of Michigan Consumer Sentiment reading weighed in
with a final 82.6 reading this month, its highest level since
September 2007. Economists had projected an 83 reading following a
preliminary October reading of 83.1, according to the median
forecast of 60 economists surveyed by Bloomberg News.
Winners and Losers
Among financial ETFs, Financial Select Sector SPDRs are down
nearly 1%; Direxion Daily Financial Bull 3X Shares (FAS) are down
2.1%; Its bearish counterpart, the Direxion Daily Financial Bear 3X
Shares are up 2%.
In sector news, shares of Federated Investors (FII) are up about
5.5% today after the company reported Q3 earnings of $0.54, beating
the Capital IQ consensus estimate of $0.41 a share. Revenues of
$238.5 million, however, missed the consensus by $3.1 million.
Among tech ETFs, the iShares Dow Jones US Technology ETF (IYW)
is down 0.43%; the Technology Select Sector SPDR ETF (XLK) is down
0.35%; the iShares S&P North American Tech-Software Index (IGM)
is down 0.2%; and the iShares S&P North American Tech-Software
ETF (IGV) is down 0.78%.
Among chip-maker ETFs, the SPDR S&P Semiconductor fund (XSD)
is up 0.88% while the iShares PHLX SOX Semiconductor Sector fund
(SOXX) has turned slightly positive. The SPDR S&P International
Technology Sector ETF is down 1.82%.
In sector news, Web.com Group (WWWW) is down +10% after beating
expectations by $0.02 with Q3 earnings of $0.41 a share. Revenues
climbed 167.1% to $124.2 million, trailing estimates by $2.47
Energy ETFs are lower today, with the Dow Jones U.S. Energy Fund
(IYE) down 0.17% while the Energy Select Sector SPDR (XLE) is down
In energy sector news, Carrizo Oil & Gas Inc. (CRZO) is
ahead nearly 4% with the company's stock slated to replace Overseas
Shipholding Group (OSG) in the S&P SmallCap 600 index after the
close of trading on Monday, Oct. 29.
Crude oil for December delivery is down 0.35% while November
natural gas is down 1.46%. Among energy ETFs, the U.S. Oil Fund
(USO) is down 0.47% and the U.S. Natural Gas fund (UNG) is down
December gold is up 0.15% while December silver is up 0.46%.
Among precious-metal funds, the SPDR Gold Shares Trust (GLD) is
flat and the iShares Silver Trust (SLV) has turned slightly
Healthcare ETFs are mostly lower. The Healthcare SPDR ETF (XLV)
is down 0.52%; the Vanguard Health Care ETF (VHT) is down 0.88%;
the iShares Dow Jones US Healthcare fund (IYH) is down 0.59%; and
the Biotech ETF iShares NASDAQ Biotechnology Index (IBB) is down
In sector news, Varian Medical Systems Inc. (VAR) is up 15%
after reporting Q4 earnings of $1.08 per share, $0.05 better than
the Capital IQ consensus. Revenues rose 5.1% to $756.1 million,
also beating estimates by $8.44 million.
Consumer ETFs are lower today. The Consumer Staples Select
Sector SPDR ETF (XLP) is down 0.42%; the iShares Dow Jones US
Consumer Goods (IYK) is down 0.73%; and the Vanguard Consumer
Staples ETF (VDC) is down 0.5%.
Among retail ETFs, the SPDR S&P Retail ETF (XRT) is down
0.6%; the PowerShares Dynamic Retail fund (PMR) is down 0.24%; and
the Market Vectors Retail ETF (RTH) is down 0.38%.
In sector news, Expedia (EXPE) is up more than 11% and closer to
year highs after the online-reservation company reported Q3 earning
of $1.32 a share, up from $1.28 last year and beating estimates by
$0.06. Revenue rose 16.6% year over year to $1.19 billion, also
beating estimates by $20 million.
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