Active broad-market exchange-traded funds at mid-day:
SPDR S&P 500 (
SPY
): -0.37%
iShares MSCI Emerging Markets Index (
EEM
): -0.87%
Financial Select Sector SPDR (
XLF
): -0.69%
PowerShares QQQ Trust, Series 1 (
QQQ
): -0.32%
iShares Russell 2000 Index (
IWN
): -0.82%
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
Financial -
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.
Technology -
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
million.
Energy -
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
0.13%.
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.
Commodities -
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
0.81%.
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
down.
Healthcare -
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
1.25%.
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 -
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.