Active broad-market exchange-traded funds in Thursday's regular
SPDR S&P 500 ETF Trust (
): +0.41%, earlier hit 52-week high
iShares MSCI Emerging Markets Index (
iShares Russell 2000 Index (
): -0.21%, earlier hit new 52-week highs
PowerShares QQQ Trust, Series 1 (
): +0.02%, with a new 52-week high
Market Vectors Gold Miners (
Broad Market Indicators
Many broad-market exchange-traded funds, including SPY, IWM, IVV
and others are higher, remaining at, or near record highs. Actively
traded PowerShares QQQ (
) was up 0.08%.
U.S. stock futures are pointing to a higher open, buoyed for a
second day by comments from incoming Federal Reserve Chairperson
Janet Yellen that she will continue with the Fed's stimulus
policies until she sees firmer signs of U.S. economic recovery.
Yellen was speaking Thursday during her confirmation hearing.
Power Play: Emerging Markets -
Emerging markets funds are outperforming the market this morning
after incoming Federal Reserve Chair Janet Yellen signaled she
wouldn't pull back on stimulus policies yet, triggering and
increased appetite for riskier assets. China funds were
particularly in focus amid an announcement of sweeping economic and
social changes. Direxion Daily China Bull (YINN) is up 6.4%;
Pro-shares Ultra FTSE China (XPP) is up 5%; Direxion Daily Emerging
Markets (EDC) is up 2%.
Winners and Losers
Technology Select Sector SPDR ETF (XLK), iShares Dow Jones US
Technology ETF (IYW), iShares S&P North American Technology ETF
(IGM) and iShares S&P North American Technology-Software Index
(IGV) are quiet pre-market after a weaker session on Thursday.
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) and
Semiconductor Sector Index Fund (SOXX), SPDR S&P International
Technology Sector ETF (IPK) were also mostly weaker, but remain
near the top of their 52-week range.
Among stocks, Innotrac (INOC) has agreed to be acquired by an
affiliate of Sterling Partners for $8.20 per share in cash, a 25.5%
premium over the Oct. 21 closing price, the last day before
entering exclusive negotiations with Sterling Partners, and a 54.4%
premium over the average closing price over the 90 days ended Nov.
Select Financial Sector SPDRs (XLF) is flat pre-bell after
slipping 0.19% after-hours. The stock hit its highest level since
September 2008 in Thursday trading. Direxion Daily Financial Bull
3X shares (FAS) is up 0.5%. Its bearish counterpart, FAZ is down
Among financial stocks, State-chartered bank holding company
Rockville Financial Inc. (RCKB) and United Financial Bancorp, Inc.
(UBNK), the holding company for United Bank, have entered into a
definitive merger agreement in a stock-for-stock transaction valued
at $369 million. Both stocks are halted pre-bell.
Dow Jones U.S. Energy Fund (IYE) and Energy Select Sector SPDR
(XLE) are quiet pre-market, but are trading at their highest levels
in five and a half years.
In sector news, U.S. Geothermal Inc. (HTM, GTH.TO), engaged in
the renewable green energy business, reported late Thursday Q3 2013
net loss of $0.03 million, or nil per share, compared to a net loss
of $0.77 million, or $0.01 per share, in the prior-year period.
Revenues for the period totaled $5.76 million, up from $2.02
million in the same period last year.
Crude is ticking up 0.06%; United States Oil Fund (USO) is flat.
Meanwhile, natural gas was also down 0.2%, and United States
Natural Gas Fund (UNG) was down 0.39%.
Gold was down 0.2%, and SPDR Gold Trust (GLD) was down 0.3%.
Silver was down 0.1%; iShares Silver Trust (SLV) is off 0.8% this
Health Care SPDR (XLV), Vanguard Health Care ETF (VHT) and
iShares Dow Jones US Healthcare (IYH) are flat pre-market. All were
higher on Thursday and hit record highs. Biotech ETF iShares NASDAQ
Biotechnology Index (IBB) is unchanged.
Among stocks, Cell Therapeutics (CTIC) and Baxter International
(BAX) have entered into an exclusive worldwide licensing agreement
to develop and commercialize pacritinib. Pacritinib is a novel
investigational JAK2/FLT3 inhibitor with activity against genetic
mutations linked to myelofibrosis, leukemia and certain solid
tumors. CTIC is up 36% pre-bell.
Consumer Staples Select Sector SPDR (XLP); Vanguard Consumer
Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK)
were all higher Thursday and trading at record highs. They are
Among stocks, shares of The Men's Wearhouse, Inc. (MW) are now
down 2.4% in pre-market trade, coming back from steep earlier
losses, amid indications shareholders will push the company to
complete a merger with clothing company Jos. A. Bank Clothiers,
The stock earlier fell as much as 11% to a pre-bell low of $41
after Jos. A terminated its $48 per share all-cash proposal to
purchase the specialty retailer of men's suits.
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