Active broad-market exchange-traded funds in Wednesday's regular
SPDR S&P 500 ETF Trust (
iShares MSCI Emerging Markets Index (
iPath S&P 500 VIX Short Term Futures (
iShares Russell 2000 Index (
Select Financial Sector SPDRs (
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM, IVV and
others, are recovering from Wednesday's losses to trade slightly
higher pre-market. Actively traded PowerShares QQQ (QQQ) is up
0.2%. Emerging market funds are among the top performers, with the
iShares MSCI Brazil fund (EWZ) up 1.8%.
U.S. stocks are pointing to a higher start after six days of
losses following positive economic data from the EU and China.
However, weaker-than-expected U.S. jobless numbers may hold back
gains. Initial jobless claims increased 13,000 to a
greater-than-expected 336,000. The week prior was revised upward to
Winners and Losers
Select Financial Sector SPDRs (
) is edging higher. Direxion Daily Financial Bull 3X shares (FAS)
is up 0.77%. Its bearish counterpart, FAZ, was down 0.64%.
Among financial stocks, Northrim BanCorp, Inc. (NRIM) announced
that Christopher J. Knudson has resigned his position as Chief
Operating Officer of the company and of Northrim Bank, effective
August 16, 2013. CFO Joe Schierhorn will assume the COO role and
continue his responsibilities as CFO. The shares are flat
Select Sector SPDR-Industrial (XLI) is flat, while other
industrial ETFs Vanguard Industrials (VIS) and iShares Trust Dow
Jones U.S. Industrial Sector Index Fund (IYJ) are also unchanged
pre-bell after losses on Wednesday.
Among stocks, Royal Caribbean Cruises (RCL) has called off
Alaska cruises this year after Celebrity Cruises ship developed a
problem with one of its two propulsion motors, Reuters reports this
morning. RCL shares are flat at $38.24 in pre-market trade.
Dow Jones U.S. Energy Fund (IYE) and Energy Select Sector SPDR
(XLE) are unchanged after modest declines in Wednesday's
In sector news, Peabody Energy Corporation (BTU) has named Glenn
Kellow to the position of President and Chief Operating Officer. He
has most recently served as President of the aluminum and nickel
business for BHP Billiton.
BTU edged higher by 3 cents to $16.62 in pre-market trade.
Crude is up 0.15%, while United States Oil Fund (USO) is
unchanged. Natural gas was up 1.1% and United States Natural Gas
Fund (UNG) was up 0.98%.
Gold is just moving into positive territory and SPDR Gold Trust
(GLD) is up 0.3%; silver prices were up 0.79% while iShares Silver
Trust (SLV) was up 1.6%.
Consumer Staples Select Sector SPDR (XLP) is 0.1% higher: other
consumer ETFs iShares Dow Jones US Consumer Goods (IYK), and
Vanguard Consumer Staples ETF (VDC) are unchanged after dropping in
In sector news, Abercrombie & Fitch (ANF) is down 16.881% at
$38.90 in pre-market trading after the company reported that Q2
GAAP EPS of $0.14, missing the Capital IQ GAAP consensus estimate
of $0.28. Revenues of $945.7 million also fell short of the
consensus of $998.06 million.
Health Care SPDR (XLV), Vanguard Health Care ETF (VHT), and
iShares Dow Jones US Healthcare (IYH) are unchanged pre-market,
though may move higher as healthcare stocks are generally firmer
today. Meanwhile, Biotech ETF iShares NASDAQ Biotechnology Index
(IBB) is flat after a near 1% gain on Wednesday.
In corporate news, Navidea Biopharmaceuticals (NAVB), a
biopharmaceutical company focused on precision diagnostic
radiopharmaceuticals, is up 4% at $2.87 pre-market as it says it
has reached agreement with the U.S. Food and Drug Administration
for two special protocol assessments for the company's pivotal
Phase 3 program with NAV5001 as an aid in the differential
diagnosis of Parkinsonian Syndromes from non-Parkinsonian
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) all posted losses on Wednesday and are unchanged so far.
Semiconductor ETFs, SPDR S&P Semiconductor (XSD) and
Semiconductor Sector Index Fund (SOXX) are slightly lower.
SPDR S&P International Technology Sector ETF (IPK) was
In sector news, SunEdison (SUNE) rose nearly 9% in pre-market
trading to $7.40 after saying its board has approved an initial
public offering of its semiconductor business to create SunEdison
Semiconductor. SUNE will sell a minority ownership interest in the
IPO and will use the proceeds to fund initiatives related to its
solar business and to repay debt.
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