Active broad-market exchange-traded funds in Monday's regular
SPDR S&P 500 (
iShares S&P 500 (
PowerShares QQQ (
iShares Russell 2000 (
iShares Russell 1000 Growth (
iShares MSCI Emerging Markets Index (EEM): -1.09%
United States Oil Fund (USO): +0.03%
SPDR Gold Shares (GLD): +0.41%
Select Financial Sector SPDRS (XLF): -0.65%
Pre-Market Most Active:
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM, IVV and
others, are weaker. Actively traded PowerShares QQQ (
) is down 0.87%.
U.S. stock futures are edging lower as concerns over military
action against Syria by the U.S. start to grow following U.S.
Secretary of State John Kerry's statement that the Syrian
government had indeed used chemical weapons. The tensions between
the U.S. and Syria have driven oil prices higher. Upcoming economic
data may provide more direction for the market: the
S&P/Case-Shiller 20-city composite index will release data at 9
am ET, while the Conference Board will report consumer-confidence
data at 10 am ET.
Winners and Losers
Select Financial Sector SPDRs (XLF) is up 0.81%. Direxion Daily
Financial Bull 3X shares (FAS) is up 2.52%. Its bearish
counterpart, FAZ, is down 2.55%.
Among financial stocks, Bank of Nova Scotia (BNS) reported Q3
diluted EPS of CAD 1.37 or $1.30, down from CAD 1.69 or $1.61 in
the same period a year ago. Analysts polled by Capital IQ were
expecting CAD 1.29 or $1.23 EPS. Revenues were CAD 5.6 billion or
$5.32 billion, versus the estimates of CAD 5.3 billion or $5.04
Tech ETFs 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 leaning higher.
Semiconductor ETFs, SPDR S&P Semiconductor (XSD) and
Semiconductor Sector Index Fund (SOXX) look to open in the
SPDR S&P International Technology Sector ETF (IPK) is headed
for a flat to higher open.
In sector news, Google (GOOG) is off 0.33% following several
media reports that the tech giant is under investigation by the
U.K's Office of Fair Trade for its acquisition of Waze, an Israeli
mobile traffic app provider.
Dow Jones U.S. Energy Fund (IYE) and Energy Select Sector SPDR
(XLE) are heading for a firmer start.
In sector news, PetroChina (PTR) is down 4.06% after three
executives under investigation resigned. The company was planning
management change at its Daqing oilfield after a government probe
of the unit's top executive, said two people familiar with the
situation, according to Bloomberg.
October crude is up 1.70%; November natural gas is down 1.39%.
United States Oil Fund (USO) is up 2.05%. United States Natural Gas
Fund (UNG) is down 0.22%.
Gold and silver for December delivery are both hgiher, up 1.47%
and 1.41%, respectively. Among rare metal funds, SPDR Gold Trust
(GLD) is up 1.11%; iShares Silver Trust (SLV) is up 0.30%.
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 higher start.
In sector news, mira Nature Foods Ltd. (ANFI) is up 9.76% after
the Indian specialty rice maker posted late Monday Q1 EPS of $0.21,
easily beating Capital IQ estimates of $0.11. Revenue increased
37.6% to $110.3 million, also better than CIQ estimates of $98.8
million. For FY14, ANFI sees revenue in the range of $480 million
to $507 million, straddling CIQ estimates of $498.7 million.
Healthcare ETFs Health Care SPDR (XLV), Vanguard Health Care ETF
(VHT), and iShares Dow Jones US Healthcare (IYH) are pointing to a
negative start. Biotech ETF iShares NASDAQ Biotechnology Index
(IBB) is also pointing lower.
In corporate news, Acura Pharmaceuticals (ACUR) is down 18.72%
after it reported late Monday top-line results of a clinical study
assessing abuse liability of snorting a crushed hydrocodone
bitartrate with acetaminophen tablet formulated with Acura's abuse
deterrent AVERSION technology. The trial's results for the primary
endpoint were not statistically significant.