ETF Preview: ETFs Lower as Stocks Positioned for a Lower Open after G-20 Pressures EU Leaders to Boost Bailout Funding


Active broad-market exchange-traded funds in Friday's regular session:

SPDR S&P 500 ( SPY ): +0.23%

iShares S&P 500 ( IVV ): +0.17%

PowerShares QQQ ( QQQ ): +0.35%

iShares Russell 2000 ( IWM ): -0.19%

iShares Russell 1000 Growth ( IWF ): +0.34%

iShares MSCI Emerging Markets Index (EEM): +0.96%

United States Oil Fund (USO): +1.55%

SPDR Gold Shares (GLD): -0.45%

Select Financial Sector SPDRS (XLF): +2.6%

Pre-Market Most Active:

QQQ, -0.5%

SQQQ, +1.55%

EWG, -1.42%

EEM, -1.47%

TQQQ, -1.49%

Broad Market Indicators

Broad-market exchange-traded funds, including SPY, IWM, IVV and others, are lower. Actively traded PowerShares QQQ ( QQQ ) is down 0.5%.

U.S. stock futures are pointing to a weaker start to Monday's regular session, tracking Europe stocks lower after G-20 countries today announced that it will delay a boost in funding for the International Monetary Fund. The finance ministers of the Group of 20 nations maintained pressure on EU leaders to boost its bailout funds to lessen the impact of the euro-zone debt crisis outside Europe.

Winners and Losers

Financial -

Financials are leading the broad market decline in pre-market trading. Select Financial Sector SPDRs (XLF) is down 0.68%. Direxion Daily Financial Bull 3X shares (FAS) is down 1.69%. Its bearish counterpart, FAZ, is up 1.71%.

Among actives: Bank of America (BAC) is down 0.38%, Goldman Sachs (GS) is down 0.89%, Morgan Stanley (MS) is down 0.76%, Citigroup (C) is down 0.74%.

Technology -

Technology shares are lower in pre-market trading. Among tech actives: Apple (AAPL) is down 0.35%; Microsoft (MSFT) is down 0.32%; Intel (INTC) is down 0.45%; Google (GOOG) is down 0.34%; Cisco (CSCO) is down 0.4%; Yahoo (YHOO) is down 0.13%.

In the ETF space, iShares Dow Jones US Technology ETF (IYW), Technology Select Sector SPDR ETF (XLK) and iShares S&P North American Technology ETF (IGM) are expected to be narrowly mixed. iShares S&P North American Technology-Software Index (IGV) is leaning higher.

SPDR S&P Semiconductor (XSD) and Semiconductor Sector Index Fund (SOXX) are indicated for a lower start.

SPDR S&P International Technology Sector ETF (IPK) is headed for a flat to lower start.

Industrial -

Vanguard Industrials (VIS), iShares Trust Dow Jones U.S. Industrial Sector Index Fund (IYJ), and Select Sector SPDR-Industrial (XLI) are expected to open lower.

Commodities -

April crude futures are down 97 cents or 1.07% at $108.70 a barrel. United States Oil Fund (USO) is down 0.76%.

April gold is down $7.30 at $1,769.30 an ounce. SPDR Gold Trust (GLD) is down 0.26%. Silver futures are down 0.21% at $35.35 a pound. iShares Silver Trust (SLV) is down 0.15% at 34.31.

Power Play

Energy -

Dow Jones U.S. Energy Fund (IYE) and Energy Select Sector SPDR (XLE) are expected to see movement as several companies in the sector report their earnings today.

El Paso (EP) is up 0.52% to near year highs in pre-market trading after reporting an improved Q4 versus last year.

BP (BP) is also seeing upward movement in the pre-market session, now up 2.30%, after Reuters reported that the trial to decide who should pay for the 2010 Gulf of Mexico oil spill has been delayed by a week, to allow BP Plc to try to cut a deal with tens of thousands of businesses and individuals affected by the disaster.

Less than 24 hours before the case was set to start in a New Orleans federal court, U.S. District Judge Carl Barbier pushed back the date to March 5 from February 27. it said.

The delay allows further talks between BP and the Plaintiffs' Steering Committee (PSC), which represents condominium owners, fishermen, hoteliers, restaurateurs and others who say their livelihoods were damaged by the April 20, 2010, explosion of the Deepwater Horizon drilling rig and subsequent oil spill.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

Referenced Stocks: IVV , IWF , IWM , QQQ , SPY

MT Newswires

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