Active broad-market exchange-traded funds in Thursday's regular
SPDR S&P 500 (
iShares Russell 2000 Index (
Market Vectors Gold Miners ETF (
iShares MSCI Emerging Markets Index (
Direxion Daily Small Cap Bear 3X Shares (
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM and IVV
were mixed pre-market after closing lower on Thursday. Likewise,
actively traded PowerShares QQQ (QQQ) is up 0.2%. India-focused
funds were among the biggest decliners after stocks in the country
dropped the most in four months on concern about the impact of
. The country needs to import about 80% of its oil needs.
U.S. stock futures are little changed with the main indices on
track to close the week lower, despite having touched new records
earlier in the week. Unrest in Iraq has triggered concern about
global oil supplies, while data out Friday was
weaker-than-expected. Wholesale prices fell 0.2% against an
expected gain of 0.1%.
Power Play: Health Care
Health Care SPDR (XLV), iShares Dow Jones US Healthcare (IYH)
and Vanguard Health Care ETF (VHT) were unchanged after closing
lower. Biotech ETF iShares NASDAQ Biotechnology Index (IBB) fell
0.2% after hours.
In corporate news, Neptune Technologies & Bioresources
(NEPT, NTB.TO) shares were higher by more than 4% in recent
pre-market trade after saying its Sherbrooke production facility in
Quebec has received all required operating permits and that
production will resume. The plant is now also equipped to double
Winners and Losers
Select Financial Sector SPDRs (XLF) was flat Direxion Daily
Financial Bull 3X shares (FAS) was up 0.3%. Its bearish
counterpart, FAZ, was leaning lower.
Among sector news, Liberty Property Trust (LPT) said it has
acquired five industrial buildings in Durham, North Carolina, for
$44 million. The buildings are located within five miles of the
Raleigh-Durham International Airport and are 100% occupied. LPT
closed lower 0.7% on Thursday, in the upper half of the 52-week
range between $31.96 and $40.38. It was inactive in recent
Technology Select Sector SPDR ETF (XLK) is unchanged after
reaching a new 13-year high; other tech funds iShares Dow Jones US
Technology ETF (IYW), iShares S&P North American
Technology-Software Index (IGV) and iShares S&P North American
Technology ETF (IGM) are flat after ending lower Thursday. SPDR
S&P International Technology Sector ETF (IPK) is also
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) and
Semiconductor Sector Index Fund (SOXX) are flat. SOXX was up 0.4%
pre-bell. In corporate news, analysts at Northland Securities have
initiated coverage of Arista Networks Inc. (ANET), a supplier of
cloud networking solutions, with a market perform rating. The firm
set its price target on the stock at $70 a share. In the pre-market
session, shares of ANET are up 3.3% to $68.15, move above its
52-week regular session trading range of $55 - $67.83.
Dow Jones U.S. Energy Fund (IYE) and Energy Select Sector SPDR
(XLE) closed higher and continued to gain after hours. They are
both near record highs. So far they are inactive.
Among stocks, Apollo Global Management (APO) is in talks to buy
Encana's (ECA, ECA.TO) Bighorn properties in Alberta, Canada, for
as much as $1.8 billion, the Wall Street Journal said, citing
unnamed sources. The talks are exclusive, a deal hasn't yet been
reached and the talks could still collapse, the report said. The
Bighorn properties primarily produce natural gas.
Crude was up 0.3%; United States Oil Fund (USO) was up 0.2%.
Natural gas was up 0.2% and United States Natural Gas Fund (UNG)
was up 0.4%.
Gold was edging into the red and silver was up 0.09%. Among rare
metal funds, SPDR Gold Trust (GLD) was down 0.11% and iShares
Silver Trust (SLV) was up 0.11%.
Consumer Staples Select Sector SPDR (XLP), iShares Dow Jones US
Consumer Goods (IYK), and Vanguard Consumer Staples ETF (VDC) all
fell Thursday, but remain near multi-year highs. They are flat
Retail ETFs SPDR S&P Retail (XRT), Market Vectors Retail ETF
(RTH), and PowerShares Dynamic Retail (PMR) all closed lower and
are unchanged pre-bell.
Among stocks, The Priceline Group (PCLN) has agreed to acquire
OpenTable, Inc. (OPEN) for $103 per share in an all cash
transaction valued at $2.6 billion. The Boards of Directors of The
Priceline Group and OpenTable have unanimously approved the
transaction, which will be effected through a tender offer and is
expected to close in Q3. OpenTable will continue to be
headquartered in San Francisco, CA and will operate as an
independent business led by its current management team within The
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