Active broad-market exchange-traded funds at the close of
Friday'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): +0.55%
United States Oil Fund (USO): +0.54%
SPDR Gold Shares (GLD): +0.67%
Select Financial Sector SPDRS (XLF): -0.64%
Broad Market Indicators
Most broad-market exchange-traded funds, including SPY, IWM, IVV
were edging higher in
Monday. Actively traded PowerShares QQQ (
) was up 0.58%, after closing in negative territory in the previous
U.S. stock futures were also posting slight gains as investors
keep a cautious eye on the possible sanctions the U.S. and the
European Union will impose on Russia after partial results of the
Crimea referendum showed that the region voted to be reunified with
Russia; the Ukraine and the European Union has stated that the
referendum was illegal. Back home, market sentiment was lifted on
the report that the Empire manufacturing index showed a slight
improvement in March, rising to 5.6 from 4.5 in February. Still
ahead, industrial production for February will be out 9:15 am ET,
and NAHB housing market index for March, will be reported 10 am
Power Play: Technology
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 trading.
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) and
Semiconductor Sector Index Fund (SOXX) were flat as well.
In stocks news, Yahoo (YHOO) shares were up 2.93% in early
Monday pre-market trade after China-based Alibaba said it will hold
its Initial Public Offering (IPO) in the U.S. The e-commerce
company is reportedly in talks with about six banks to underwrite
the IPO. The listing could bring in about $15 billion to the
company, and it would be significant to Yahoo as the Internet firm
holds a 24% stake in Alibaba. Yahoo has said previously it plans to
cash out some of its holdings in Alibaba in an IPO.
Winners and Losers
Select Financial Sector SPDRs (XLF) was flat. Direxion Daily
Financial Bull 3X shares (FAS) was up 0.19%. Its bearish
counterpart, FAZ, was up 0.14%.
Among stocks, regional bank holding company Huntington
Bancshares (HBAN) said Monday that Howell D. McCullough III has
been appointed as the new chief financial officer, replacing Dave
Anderson, who was appointed interim CFO last year. McCullough was
the chief strategy officer at U.S. Bank before joining Huntington.
He will be responsible for finance, strategic planning, financial
planning, mergers and acquisitions, investor relations, treasury,
tax, and accounting.
Dow Jones U.S. Energy Fund (IYE) and Energy Select Sector SPDR
(XLE) were unchanged in pre-bell trading.
In corporate news, Yingli Green Energy (YGE) was up more than 5%
after saying it has won a deal to supply 10 megawatts of
multicrystalline PV modules to U.K.'s solar company Solarcentury
Holdings. The 40,000 PV modules will be installed on the Isle of
Sheppey, near London. The project will produce approximately 10,000
MWh of electricity per year, enough to supply around 3,000 typical
Crude was up 0.15%; United States Oil Fund (USO) was down 0.39%.
Natural gas was up 1.75% while United States Natural Gas Fund (UNG)
was up 2.21%.
Gold was down 0.12% and silver was down 0.39%. Among rare metal
funds, SPDR Gold Trust (GLD) was down 0.32% and iShares Silver
Trust (SLV) was down 0.39%.
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 higher session Friday.
Among stocks, the American Depositary Receipts of Vodafone
(VOD)were up more than 1% pre-market trading on Monday after a
Reuters report that said the British mobile communications company
has agreed to buy Spanish cable operator Ono for $7.2 billion euros
($10 billion). Reuters said the acquisition will boost its
portfolio of offerings by adding a combination of mobile and
fixed-line telephony, pay-TV, and broadband.
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, Intercept Pharmaceuticals Inc. (ICPT) was
down 4.82% after the company reported mixed Q4 and full-year 2013
earnings. On Friday, ICPT reported a loss per share of $0.64,
compared to a loss of $2.02 for the same quarter the previous year
and better than analyst expectations of a loss of $0.70 per share,
if comparable. Revenue for the quarter was flat at $405 million.
Separately, the company disclosed positive results for its Phase 3
POISE trial, noting it met the primary endpoint with high