Active broad-market exchange-traded funds at the end of
SPDR S&P 500 (
iShares S&P 500 (
PowerShares QQQ (
iShares Russell 2000 (
iShares Russell 1000 Growth (
iShares MSCI Emerging Markets Index (EEM): -1.90%
United States Oil Fund (USO): -0.64%
SPDR Gold Shares (GLD): -0.82%
Select Financial Sector SPDRS (XLF): -1.12%
Pre-Market Most Active:
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM, IVV and
others, are trimming earlier gains, with some turning negative.
Actively traded PowerShares QQQ (
) is up 0.05%.
U.S. stock futures are also giving up modest gains after the
report that nonfarm payrolls increased to 204,000 in October,
versus the forecasts of an increase of 100,000, according to a poll
by MarketWatch. The unemployment rate went up to 7.3%, versus the
expected 7.4%. Meanwhile, the Commerce Department reported that
consumer spending rose 0.2% in September, just shy of the 0.3%
increase expected by economists. Still on tap, the preliminary
reading for the November consumer confidence data from the
University of Michigan will be out 9:55 am ET, while Fed Chairman
Ben Bernanke will be speaking at the IMF panel at 3:30 pm ET.
Power Play: Healthcare
Health Care SPDR (XLV), Vanguard Health Care ETF (VHT), and
iShares Dow Jones US Healthcare (IYH) are pointing to a firmer
start after touching fresh new highs in the previous session.
Biotech ETF iShares NASDAQ Biotechnology Index (IBB) is also
In sector news, Santarus, Inc. (SNTS) is up 38% past its
existing 52-week high after the biopharmaceutical company said it
will be acquired by Salix Pharma for about $2.15 billion.
Separately, Santarus this morning reported new data from an
open-label extension of the pivotal Phase III clinical study of
RUCONEST for treatment of acute hereditary angioedema.
Winners and Losers
Select Financial Sector SPDRs (XLF) is down 0.2%. Direxion Daily
Financial Bull 3X shares (FAS) is down 0.18%. Its bearish
counterpart, FAZ, is up 0.22%.
Among financial stocks, Swiss bank UBS (UBS) says it will pay
SNB $1 billion to buy back the stabilization fund set up five years
ago to bail out the bank during the financial crisis, Reuters
reports. UBS will also pay the SNB $1 billion half of the remaining
amount of the fund's equity. The central bank said the repayment
would have a favorable impact on its 2013 annual result. UBS shares
are up 0.28%.
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 flat after closing the previous session in negative
Semiconductor ETFs, SPDR S&P Semiconductor (XSD) and
Semiconductor Sector Index Fund (SOXX) and SPDR S&P
International Technology Sector ETF (IPK) are headed for a flat to
In sector news, Universal Display Corp (OLED) is up almost 19%
after the maker of light-emitting diodes and other lighting
solutions reported better-than-expected Q3 results and raised its
full-year guidance. The company had Q3 net income of $5.5 million,
or $0.12 per diluted share, compared with a loss of $0.12 a share a
year earlier. Analysts had expected the company to break even,
according to Capital IQ. Revenues were $32.8 million up from $12.5
million a year ago and topping forecasts for $21.5 million. The
company expects 2013 revenues to be approximately $142-$144
million, compared to the prior guidance of $110-$125 million range.
Analysts expect $128 million.
Dow Jones U.S. Energy Fund (IYE) is flat after ending Thursday's
session in the negative. Energy Select Sector SPDR (XLE) is down
0.11% in pre-market trading.
In sector news, Statoil (STO) is down 2% as it says it plans to
drill from 20 to 25 exploration wells off shore in Norway, Platts
December crude is up 0.27%; natural gas for January delivery is
up 0.98%. United States Oil Fund (USO) is up 0.03%, and United
States Natural Gas Fund (UNG) is up 1.2%.
Gold and silver for December delivery are lower, down 0.05% and
0.19%, respectively. Among rare metal funds, SPDR Gold Trust (GLD)
is up 0.12%; iShares Silver Trust (SLV) is up 0.24%.
Consumer ETFs Consumer Staples Select Sector SPDR (XLP), iShares
Dow Jones US Consumer Goods (IYK), and Vanguard Consumer Staples
ETF (VDC) are pointing to a firmer start.
In sector news, Tremor Video (TRMR) is down 37.90% after
reporting late Thursday Q3 sales were $35.3 million, below
estimates for $36.26 million. Non-GAAP EPS were $0.00, versus
forecasts for a $0.02 loss. It sees Q4 sales between $29.5 million
to $30.5 million and FY sales between $125 million to $126 million.
Both are reportedly below estimates.