Active broad-market exchange-traded funds at the close of
Monday's regular session:
SPDR S&P 500 (
iShares S&P 500 (
PowerShares QQQ (
iShares Russell 2000 (
iShares Russell 1000 Growth (
iShares MSCI Emerging Markets Index (EEM): -1.77%
United States Oil Fund (USO): +2.12%
SPDR Gold Shares (GLD): +2.09%
Select Financial Sector SPDRS (XLF): -0.78%
Broad Market Indicators
Most broad-market exchange-traded funds, including SPY, IWM, IVV
were edging higher. Actively traded PowerShares QQQ (
) was up 0.96%.
ETFs that track Russian shares were higher in Tuesday's
pre-market session, bouncing back from losses Monday, as worries
about tensions between Russia and Ukraine eased: Direxion Daily
Russia Bull 3x Shares (RUSL), Market Vectors Russia ETF Trust (RSX)
and iShares MSCI Russia Capped Index Fund (ERUS) were all higher.
Russian President Vladimir Putin said there is "no need yet" to use
military force in Ukraine, while Russia's defense minister ordered
some soldiers involved in combat-preparedness drills to return to
U.S. futures also logged gains following the news, with market
sentiment optimistic that tensions in Eastern Europe will continue
to ease. Only one Federal Reserve official is set to speak today -
Richmond Fed President Jeffrey Lacker will be speaking in a
one-on-one interview on the economy in New York at 4:15 pm ET. The
economic calendar for Tuesday is otherwise bare.
Power Play: Healthcare
Health Care SPDR (XLV), Vanguard Health Care ETF (VHT) and
iShares Dow Jones US Healthcare (IYH) were unchanged. Biotech ETF
iShares NASDAQ Biotechnology Index (IBB) was also flat.
In corporate news, Oxygen Biotherapeutics (OXBT) surged more
than 30% in Tuesday's pre-market session, after the biotechnology
company said the U.S. Food and Drug Administration lifted its
clinical hold on Oxycyte following the agency's completion of a
review, clearing the company to proceed with the
clinical-development program in the U.S. The lift of the clinical
hold follows the company's September 2013 submission to the FDA
results from two series of animal studies designed to address FDA
concerns regarding the use of Oxycyte in treating traumatic brain
Winners and Losers
Select Financial Sector SPDRs (XLF) was up 0.79%. Direxion Daily
Financial Bull 3X shares (FAS) was up 3.25%. Its bearish
counterpart, FAZ, was down 3.35%.
Among financial stocks, Bank of Ireland Plc (IRE) fell more than
5% in premarket trading after billionaire Wilbur Ross and Fairfax
Financial, two of the bank's biggest shareholders, began divesting
their combined 6.4% stake, according to a Reuters report. They had
acquired the shares in 2011, after Ireland received bailout funds
from the European Union and International Monetary Fund.
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) were flat. SPDR S&P International Technology Sector ETF
(IPK) was also quiet in pre-market.
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) and
Semiconductor Sector Index Fund (SOXX) were flat as well.
In stocks news, China Mobile Games & Entertainment Group
(CMGE) shares were up more than 5% in pre-market trade Tuesday
after the smartphone game maker reported Q4 earnings of RMB0.58
(US$0.10), compared with loss per ADS of RMB2.71 in Q4 2012. Total
revenues were RMB146.4 million (US$24.2 million), compared with
RMB28.9 million in Q4 2012. The Street consensus was not
Dow Jones U.S. Energy Fund (IYE) was unchanged pre-bell while
Energy Select Sector SPDR (XLE) was up 1%.
In corporate news, electric utility company AES (AES) said it
plans to sell $500 million in senior notes due 2024, subject to
market and other conditions. It said the net proceeds will be used
to fund tender offers for some of its outstanding notes, to pay
debt, and for general corporate purposes.
Crude was down 1.17%; United States Oil Fund (USO) was down
0.85%. Natural gas was higher, up 2% and United States Natural Gas
Fund (UNG) was up 1.69%.
Gold and silver both fell in pre-market trading, down 1.3% and
1.51% respectively. Among rare metal funds, SPDR Gold Trust (GLD)
was down 1.44% and iShares Silver Trust (SLV) was down 1.36%.
Consumer Staples Select Sector SPDR (XLP), Vanguard Consumer
Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK)
were unchanged pre-market after a weaker session Monday.
Among stocks, J.C. Penney Company, Inc. (JCP) have spiked more
than 7% in pre-market trading as Standard & Poor's raises its
outlook on the company. The firm issued a CCC+ rating on the stock,
saying the "outlook revision reflects our view that performance has
begun to stabilize." The S&P also said that it expects
liquidity will be "adequate" over the next year.
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