Active broad-market exchange-traded funds at the close of
Thursday'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): +0.59%
United States Oil Fund (USO): +0.39%
SPDR Gold Shares (GLD): +0.42%
Select Financial Sector SPDRS (XLF): +0.62%
Monday's Pre-Market Movers
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM and IVV,
were weaker in recent
. Meanwhile, actively traded PowerShares QQQ (
) was down 0.2% after hitting a 13-year high in the previous
U.S. stock futures edged lower ahead of Monday's open and
following the record highs hit in Thursday's session, on the back
of the upbeat June U.S. jobs report. There are no economic reports
or speeches from Federal Reserve members on tap Monday, but
investors are looking ahead to the start of the earnings season.
Alcoa (AA) will unofficially kick off the earnings season with its
report of Q2 financial results in Tuesday's after-hours
Power Play: Health Care
Health Care SPDR (XLV), iShares Dow Jones US Healthcare (IYH)
and Vanguard Health Care ETF (VHT) were unchanged. Biotech ETF
iShares NASDAQ Biotechnology Index (IBB) was also flat.
In sector news, CASI Pharmaceuticals (CASI) was up 4.20% after
it said its ENMD-2076 has received the orphan-drug designation from
the U.S. Food and Drug Administration for the treatment of
hepatocellular carcinoma. The company is completing a Phase II
trial of ENMD-2076 in ovarian cancer. In addition, CASI is
conducting a dual-institutional Phase II study of ENMD-2076 in
triple-negative breast cancer, a Phase II study in
advanced/metastatic soft tissue sarcoma and a Phase II study in
advanced ovarian clear cell carcinomas.
Winners and Losers
Select Financial Sector SPDRs (XLF) was flat. Direxion Daily
Financial Bull 3X shares (FAS) was down 0.5% and its bearish
counterpart, FAZ, was up 0.3%.
Among sector news, ACE Ltd. (ACE) said it has reached a
definitive agreement to acquire the large corporate property and
casualty business of Itau Seguros, S.A. from Itau Unibanco S.A. for
approximately $685 million. Upon completion of the transaction,
ACE, which has a longstanding presence in Brazil, will be the
largest commercial P&C insurer in the largest market in Latin
America. ACE trades in a 52-week range of $87.11 to $108.61, with
shares having closed up 0.7% at $105.15 Thursday.
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 inactive. SPDR S&P International Technology Sector
ETF (IPK) was also flat.
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) and
Semiconductor Sector Index Fund (SOXX) were unchanged.
In corporate news, Wi-Lan (WILN, WIN.TO) was up 1.3%, after the
company said it has signed an agreement granting Nokia Networks
(NOK) a multi-year license to a broad portfolio of wireless patents
used in the phone maker's wireless infrastructure products.
Separately, Nokia agreed to sell a portfolio of patents to the
dual-listed technology licensing company related to various current
and future wireless handset and infrastructure technologies. The
terms of the agreement weren't disclosed.
Dow Jones U.S. Energy Fund (IYE) was flat; Energy Select Sector
SPDR (XLE) slipped lower, down 0.05%.
Rice Energy (RICE) was down 0.7% after the company said it
agreed to acquire approximately 22,000 net acres and 12 developed
Marcellus wells in western Greene County, Pennsylvania, from
Chesapeake Appalachia and its partners. Rice Energy will pay
approximately $336 million for the assets and expects to close the
transaction in August.
Crude was down 0.2%; United States Oil Fund (USO) was flat.
Natural gas was down 2.2% and United States Natural Gas Fund (UNG)
was down 1.5%.
Gold was down 0.4%, while silver was down 0.5%. Among rare metal
funds, SPDR Gold Trust (GLD) was down 0.3% and iShares Silver Trust
(SLV) was down 0.6%.
Consumer Staples Select Sector SPDR (XLP), iShares Dow Jones US
Consumer Goods (IYK), and Vanguard Consumer Staples ETF (VDC) were
Among stocks, Archer-Daniels-Midland (ADM) was down 0.2% after
the agricultural-commodities company confirmed Monday it has agreed
to acquire WILD Flavors GmbH, for EUR 2.3 billion (about $3.13
billion) in enterprise value. The announcement comes after the
stock hit a six-year high Thursday at $45.95 on reports it was
close to a deal to buy the supplier of natural ingredients.
Under the deal, ADM will pay EUR 2.2 billion to WILD Flavors
shareholders Dr. Hans-Peter Wild and funds affiliated with Kohlberg
Kravis Roberts & Co. L.P., and assume approximately EUR100
million of net debt. The transaction is contingent on regulatory
approvals and is expected to close by year-end.
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