Active broad-market exchange-traded funds in Wednesday's regular
SPDR S&P 500 (
iShares MSCI Emerging Markets Index (
iShares Russell 2000 Index (
iShares MSCI Japan ETF (
iPath S&P 500 VIX ST Futures ETN (
AGQ - 1.2%
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM and IVV
were slightly higher in
. Likewise, actively traded PowerShares QQQ (QQQ) was up 0.08%
after setting a new 13-year high on Wednesday. Commodities linked
funds were among the worse performers in line with declines in
precious metal prices.
U.S. stock futures are pointing to a higher open in the
shortened pre-Independence Day session. The market closes at 1 p.m.
ET today. Indices extended their records on Thursday and may get a
further boost from positive jobs data. June private payrolls came
in at 262,000 versus 210,000 estimates, while the June unemployment
rate fell to 6.1% from 6.3%.
Power Play: Financial
Select Financial Sector SPDRs (XLF) was flat, but near
multi-year highs. Direxion Daily Financial Bull 3X shares (FAS) was
also unchanged, but was trending lower after hours. Its bearish
counterpart, FAZ, was down 0.4%.
Among sector news, Doral Financial (DRL) continues to benefit
from a Puerto Rican court ruling in a case relating to a $230
million tax payment, with shares jumping more than 13% pre-market.
The company confirmed Wednesday that it won an appeal against
Puerto Rico, Puerto Rico's Treasury and its Secretary, Hon. Melba
Acosta Febo, after a lower court claimed it had no jurisdiction to
rule on the case. The shares in the lender spiked 75% on Wednesday
and recently traded at $8.00, still in the lower band of the
52-week range of $1.87 - $25.00.
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 unchanged after closing mixed on Wednesday. SPDR S&P
International Technology Sector ETF (IPK) was flat.
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD)
closed lower while Semiconductor Sector Index Fund (SOXX) rose.
Both are inactive pre-bell.
In corporate news, API Technologies (ATNY) shares were higher
nearly 10% in recent pre-market trade after saying it won an order
to supply high-power amplifier systems as part of the U.S.
Department of Defense's maritime requirement.
ATNY is trading in the lower half of the 52-week range between
$2.20 and $3.86. The provider of high performance RF/microwave,
power and security solutions for critical and high-reliability
applications said the initial order is part of a multi-million
dollar program with first production delivery set for May 2015.
Dow Jones U.S. Energy Fund (IYE) and Energy Select Sector SPDR
(XLE) are flat.
In sector news, Uranium producer Energy Fuels (UUUU, EFR.TO) has
signed an agreement to sell certain of its non-core uranium assets
to a private investor group for approximately US$2.05 million in
cash. The buyers will assume all reclamation obligations and
replace all existing reclamation bonds totaling US$700,000. The
assets include the Pinon Ridge mill license and certain other
mining assets located along the Colorado-Utah border.
Crude was down 0.62%; United States Oil Fund (USO) was down
0.4%. Natural gas was up 0.44% and United States Natural Gas Fund
(UNG) was flat after closing down almost 2%.
Gold was down 0.8% and silver fell 1.28%. Among rare metal
funds, SPDR Gold Trust (GLD) was down 0.5% and iShares Silver Trust
(SLV) was down 0.5%.
Consumer Staples Select Sector SPDR (XLP), iShares Dow Jones US
Consumer Goods (IYK), and Vanguard Consumer Staples ETF (VDC) are
all unchanged pre-market and closed higher on Wednesday.
Among stocks, American Apparel (APP) shares jumped in Thursday's
pre-market session after a late-Wednesday report from Reuters
citing two sources close to the matter said the apparel retailer's
ousted CEO, Dov Charney, has handed over his entire stake and
voting rights in the company to Standard General LP, enabling the
fund to negotiate directly with the independent directors over the
Health Care SPDR (XLV), iShares Dow Jones US Healthcare (IYH)
and Vanguard Health Care ETF (VHT) were closed mixed, after
touching record highs. Biotech ETF iShares NASDAQ Biotechnology
Index (IBB) was unchanged.
In corporate news, InterMune (ITMN) is higher in pre-market
trading after the biotechnology company focused on the research,
development and commercialization of therapies in pulmonology and
orphan fibrotic diseases confirmed in a regulatory filing Thursday
that the U.S. Food and Drug Administration (FDA) has acknowledged
receipt of the resubmitted Class 2 New Drug Application for
pirfenidone, which the company resubmitted to the FDA on May 23,
2014. Shares are up 1.93% at $45, with a 52-week range of $9.60 -
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