Active broad-market exchange-traded funds in Tuesday's regular
SPDR S&P 500 ETF Trust (
): -0.33%, earlier hit 52-week high
iShares MSCI Emerging Markets Index (
iShares Russell 2000 Index (
): -0.5%, earlier hit 52-week highs
Market Vectors Gold Miners (
iPath S&P 500 VIX Short Term Futures (
): +0.02% having hit 52 week lows
Broad Market Indicators
Many broad-market exchange-traded funds, including SPY, IWM, IVV
are all showing modest losses in pre-market trading. Actively
traded PowerShares QQQ (QQQ) is down 0.46%.
U.S. stock futures are heading lower this morning as investors
weigh the likelihood the Federal Reserve will soon begin tapering
its stimulus policy. The focus this week is likely to be on
speeches from key Fed figures, including Vice Chairman Janet Yellen
who is scheduled to testify before the Senate Banking Committee
tomorrow for her confirmation hearing to succeed Ben Bernanke as
chairman. Fed Bank of Philadelphia President Charles Plosser will
also speak on monetary policy tomorrow.
Power Play: Healthcare
Health Care SPDR (XLV) is flat pre-market after tipping slightly
lower after-hours. Vanguard Health Care ETF (VHT) and iShares Dow
Jones US Healthcare (IYH) flat, but both set fresh 52-week highs on
Tuesday. Biotech ETF iShares NASDAQ Biotechnology Index (IBB) was
unchanged after a firmer session Tuesday,
Among stocks, Mast Therapeutics (MSTX) said the U.S. Food and
Drug Administration (FDA) has designated MST-188 for the treatment
of acute limb ischemia as an orphan drug. The shares are up 9.3%
Winners and Losers
Select Financial Sector SPDRs (XLF) was down 0.53%. Direxion
Daily Financial Bull 3X shares (FAS) was down 1.2%. Its bearish
counterpart, FAZ, gained 1.54%, but remains near 52-week lows.
Among financial stocks, In stocks news, ADRs of E-House (China)
Holdings Limited (EJ) are up about 16%, off an earlier 24% rise in
pre-market trade and touching a new 52-week high after the Chinese
real estate services company reported stronger-than-expected Q3
2013 financial results. It also revised upward its fiscal 2013
Technology Select Sector SPDR ETF (XLK) dipped after hours, but
is unchanged so far this morning; 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
flat after modest gains Tuesday.
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) and
Semiconductor Sector Index Fund (SOXX) , SPDR S&P International
Technology Sector ETF (IPK) are flat after gaining Tuesday.
Among stocks, Photronics (PLAB) is halted after it released
preliminary Q4 results this morning. The company says it expects Q4
EPS of $0.06-0.07 on revenue of $105 million to 106 million. This
is down from prior guidance of $0.10 to $0.13 on revenue of $110
million to $114 million. The Street is at $0.12 EPS of $112.63
million in revenue.
Dow Jones U.S. Energy Fund (IYE) is flat and Energy Select
Sector SPDR (XLE) is down 0.5%.
In sector news, Natural gas supplier Clean Energy Fuels Corp.
(CLNE) is up more than 3% at $12 in the pre-market session after
signing a multi-year bulk fueling agreement to supply liquefied
natural gas (LNG) to 2 private United Parcel Service, Inc. (UPS)
stations located in Mesquite and Houston, Texas.
Crude is up 0.5%; United States Oil Fund (USO) is also inching
higher up 0.4%. Meanwhile, natural gas was up 0.9%, and United
States Natural Gas Fund (UNG) has risen 0.3%.
Gold has gained 0.45%, and SPDR Gold Trust (GLD) is up 0.6%.
Silver is tipping into the green, gaining 0.06%; iShares Silver
Trust (SLV) has gained 0.3%.
Consumer Staples Select Sector SPDR (XLP), Vanguard Consumer
Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) are
flat, but trading near 52-week highs.
Among stocks, Pinnacle Foods (PF) said it now expects fiscal
2013 earnings to come in at the high end of its previous range
between $1.53 and $1.57, in line with the average $1.56 Capital IQ
analyst estimate. In Q3, diluted earnings increased 38% to $0.36
per share from $0.26 a year ago, also in line with
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