Active broad-market exchange-traded funds at Friday's regular
SPDR S&P 500 (
iShares MSCI Emerging Markets Index (
iPath S&P 500 VIX Short Term Futures (
iShares MSCI Japan ETF (
iShares Russell 2000 Index (
Broad Market Indicators
Most broad market exchange-traded funds continued in negative
territory. Actively traded PowerShares QQQ (QQQ) was down
U.S. stocks were mixed to weaker at session's half, with market
reaction muted to the economic data released Friday: consumer
sentiment fell to its lowest reading since November, while
wholesale prices slipped 0.1% in February. Concerns about the
slowdown in China's economy are still weighing on market sentiment;
worries over Ukraine also resurfaced ahead of the referendum vote
in Crimea this weekend.
Power Play: Consumer
Consumer Staples Select Sector SPDR (XLP), Vanguard Consumer
Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK)
were firmer, outperforming the broader market.
Retail ETFs SPDR S&P Retail (XRT) and PowerShares Dynamic
Retail (PMR) were higher. Market Vectors Retail ETF (RTH) was up
0.5% and reached a record high.
Among stocks, Ann Inc. (ANN) is up some 8% after the retailer of
women's apparel, shoes and accessories reported fiscal Q4 earnings
above analysts' expectations and said it is implementing a
strategic realignment that is expected to generate $25 million in
ongoing yearly savings. For the quarter ended Feb. 1, the company
reported earnings of $0.10 per diluted share, topping the $0.07
average estimate from analysts polled by Capital IQ. Sales rose to
$623.3 million, just shy of the $625 million consensus estimate.
Comparable-store sales rose 2.9% in the quarter. For fiscal 2014,
the company expects net sales to be $2.62 billion, compared with
the $2.6 billion analyst estimate.
Winners and Losers
Select Financial Sector SPDRs (XLF) was down 0.23%, but near its
five-year high. Direxion Daily Financial Bull 3X shares (FAS) was
down 0.59%. Its bearish counterpart, FAZ, was up 0.54%.
Among sector news, American depository receipts of UBS AG (UBS)
fell nearly 3% Friday after bank regulators in Hong Kong released
results of a probe of the Swiss Bank's traders, accused of trying
to rig a local benchmark interest rate. The Hong Kong Monetary
Authority investigated all nine of the banks making daily
submissions used to determine the Hong Kong Interbank Offered Rate,
examining over 31 million emails and other communication records,
only finding evidence of misconduct at UBS and no indications of
collusion between it or any of the other banks to rig the HIBOR
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 mixed. SPDR S&P International Technology Sector ETF
(IPK) was flat.
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) was
up 0.81%, and Semiconductor Sector Index Fund (SOXX) was up
In stocks news, Codexis (CDXS) was up more than 4% after the
producer of custom industrial enzymes said it has sold its
subsidiary in Hungary to Intrexon Corporation for $1.5 million.
CDXS said no proprietary materials or intellectual property were
included in the transaction.
Dow Jones U.S. Energy Fund (IYE) and Energy Select Sector SPDR
(XLE) were both higher, up 0.37% and 0.27% respectively.
In corporate news, Vaalco Energy Inc (EGY) rose as much as 15%
after the company reported that during its fiscal Q4, it earned
$26.4 million, or $0.46 per share, reversing a $0.33 net loss in
year-ago quarter and beating the Capital IQ consensus by $0.12 per
share. Revenue rose 8.8% year over year to $58.3 million. No
analyst estimates for revenue were available for comparison.
Crude was up 0.3%; United States Oil Fund (USO) was up 0.17%.
Natural gas was up 0.25%; United States Natural Gas Fund (UNG) was
Gold was up 0.22% and silver was up 0.86%. Among rare metal
funds, SPDR Gold Trust (GLD) was up 0.21%; iShares Silver Trust
(SLV) was up 0.83%.
Health Care SPDR (XLV), Vanguard Health Care ETF (VHT) and
iShares Dow Jones US Healthcare (IYH) were in th green. Biotech ETF
iShares NASDAQ Biotechnology Index (IBB) was up 0.26%.
In corporate news, Dyax Corp. (DYAX) tumbled more than 10% after
the biopharmaceutical company said Friday that it has priced an
underwritten public offering of 8 million common shares at $9.25
each, a discount of almost 9% to Thursday's closing price. The
company expects gross proceeds to be $74 million. The offering is
expected to close on or about March 19, 2013, subject to customary
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