Active broad-market exchange-traded funds in Thursday's regular
SPDR S&P 500 (
): +0.51%, hit an all-time high
iShares Russell 2000 Index (
PowerShares QQQ Trust, Series 1 (
): +0.66%, with a 13-year high
iShares MSCI Emerging Markets Index (
Direxion Daily Small Cap Bear 3X Shares (
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM and IVV
were mostly firmer pre-market. Likewise, actively traded
PowerShares QQQ (
) was up 0.09%.
U.S. stock futures were edging slightly higher ahead of the May
payroll report. The consensus expectations are for a gain of
213,000 jobs last month. The S&P 500 hit another record high
Thursday and any disappointment on payrolls may lead to profit
taking, analysts say.
Power Play: Consumer
Consumer Staples Select Sector SPDR (XLP), iShares Dow Jones US
Consumer Goods (IYK), and Vanguard Consumer Staples ETF (VDC) all
climbed to record highs on Thursday, but were inactive pre-market.
XLP slipped in the after-hours session.
Retail ETFs SPDR S&P Retail (XRT), Market Vectors Retail ETF
(RTH), and PowerShares Dynamic Retail (PMR) were also unchanged
after a firmer close.
Among stocks, Men's Wearhouse (MW) said it plans to issue up to
$600 million of senior notes due 2022 in a private offering, with
the retailer of men's apparel planning to use the proceeds to pay a
portion of the approximately $1.8 billion purchase price for its
acquisition of Jos. A. Bank Clothiers (JOSB). MW was inactive in
after closing Thursday at $51.35, in a 52-week range of $32.46 to
Winners and Losers
Select Financial Sector SPDRs (XLF) and Direxion Daily Financial
Bull 3X shares (FAS) posted sharp gains Thursday, but were inactive
pre-bell. FAZ is up 0.6% pre-market recovering from a record low
Among sector news, Bank of America (BAC) shares declined
slightly in Friday's pre-market session, as a report by The Wall
Street Journal said the banking giant is in talks to pay at least
$12 billion to settle civil probes by the Justice Department and a
number of states, citing people familiar with the negotiations. The
probes are related to the bank's alleged handling of shoddy
mortgages, and at least $5 billion of the settlement amount is
expected to go toward consumer relief, the report said, citing the
people familiar with the negotiations. It noted a $12 billion fine
would exceed the firm's 2013 profit of $11.43 billion.
Technology Select Sector SPDR ETF (XLK) and iShares Dow Jones US
Technology ETF (IYW) hit 13-year highs Thursday and are inactive
pre-bell; iShares S&P North American Technology ETF (IGM) and
iShares S&P North American Technology-Software Index (IGV) and
SPDR S&P International Technology Sector ETF (IPK) were
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) and
Semiconductor Sector Index Fund (SOXX) hit record highs Thursday
and are unchanged so far pre-market.
In corporate news, Rogers Communications (RCI, RCI-B.TO)
subsidiary Rogers Media has expanded its partnership with
entertainment content provider NeuLion (NLN.TO) through a new
content agreement. Through the partnership, NeuLion will deliver
live simulcasts of the Sportsnet channels in PC, smartphones, and
tablets. It will provide its TV Everywhere platform for Rogers'
seven Sportsnet channels.
Dow Jones U.S. Energy Fund (IYE) and Energy Select Sector SPDR
(XLE) are flat pre-bell after hitting records Thursday. XLE showed
signs of weakening, slipping afterhours.
Among stocks, Piedmont Natural Gas Company (PNY) has announced
fiscal Q2 EPS of $.80, up from $.74 per diluted share for fiscal Q2
2013 and beating analyst estimates of $0.75. Total operating
revenue of $462.24 million was up from $399.41 million in fiscal Q2
2013 and beat analyst projections of $427.95 million. The company
has reaffirmed its revised fiscal year 2014 earnings guidance of
$1.80 to $1.90 per diluted share, with emphasis at the upper end of
Crude was up 0.12%; United States Oil Fund (USO) is flat and
showed a slight decline after-hours. Natural gas was up 0.15% and
United States Natural Gas Fund (UNG) was up 0.62%.
Gold was leaning into the red and silver was down 0.25%. Among
rare metal funds, SPDR Gold Trust (GLD) was tipping lower and
iShares Silver Trust (SLV) was up 0.05%.
Health Care SPDR (XLV), iShares Dow Jones US Healthcare (IYH)
and Vanguard Health Care ETF (VHT) were inactive and all closed
higher Thursday. Biotech ETF iShares NASDAQ Biotechnology Index
(IBB) gained 0.3% after hours and is quiet so far Friday.
In corporate news, Biotechnology company Advaxis (ADXS) released
preliminary data from an ongoing Phase 1 clinical study of its
ADXS-cHER2 cancer therapy in dogs with osteosarcoma showing the
treatment is able to delay or prevent metastatic disease and
significantly prolong overall survival in dogs with osteosarcoma
that had minimal residual disease following standard of care.
The company said 80% of the dogs treated were still alive and
median survival hadn't yet been reached; the median survival in
control dogs was 316 days.
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