Active broad-market exchange-traded funds in Thursday's regular
SPDR S&P 500 (
): -0.2%, has turned negative
iShares MSCI Japan Index Fund (
iShares MSCI Emerging Markets Index (
iPath S&P 500 Vix Short Term Futures (
Select Financial Sector SPDRS (
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM, IVV and
others, are turning negative in the last few minutes. Actively
traded PowerShares QQQ (QQQ) is leaning down 0.5%. Natural gas
funds are among the worst performers, mirroring a drop in the
underlying commodity today. United States Natural Gas Fund (UNG) is
The main U.S. indices were mixed at mid-session, with the Nasdaq
and DJIA trading lower and the S&P 500 recording a modest gain.
Data out this morning showed weekly jobless claims fell by 11,000
to 346,000, a little above forecasts for seasonally adjusted claims
of 345,000, according to MarketWatch. The average of new claims
over the past month, increased by 4,500 to 352,500, the highest
level in six weeks, according to the Labor Department. Continuing
claims fell 52,000 to a seasonally adjusted 2.95 million in the
week ended May 25.
Winners and Losers
Select Financial Sector SPDRs (
) is down 0.2%. Direxion Daily Financial Bull 3X shares (FAS) is
down 0.3%. Its bearish counterpart, FAZ, is up 0.5%.
Among financial stocks, Credit Suisse (CS) is expected to take a
leading role in the anticipated IPO of China's Alibaba Group, says
Reuters, citing people familiar with the matter. This would yield
massive fees for the bank, the report adds. CS shares are down near
Technology Select Sector SPDR ETF (XLK) is down 0.5%, iShares Dow
Jones US Technology ETF (IYW) is off 0.8%, iShares S&P North
American Technology ETF (IGM) is 0.12% lower and iShares S&P
North American Technology-Software Index (IGV) is down 0.4%.
Semiconductor ETFs, SPDR S&P Semiconductor (XSD) is 0.8%
lower, as is Semiconductor Sector Index Fund (SOXX). Both are
trading near 52-week highs. SPDR S&P International Technology
Sector ETF (IPK) has turned negative 0.3%.
Shares in iSoftStone Holdings (ISS) are up 8% after the
China-based IT services provider said it has received at proposal
from its CEO and Board and ChinaAMC Capital Management Limited to
acquire all of the company's outstanding ordinary shares, including
ordinary shares represented by the company's American depository
shares at a price of $0.585 in cash per ordinary share or $5.85 in
cash per ADS.
Dow Jones U.S. Energy Fund (IYE) has dipped 0.5% and Energy
Select Sector SPDR (XLE) is also down 0.5%.
In sector news, Ferrellgas Partners, L.P. (FGP) reported Q3
earnings of $0.56 per share, versus the Capital IQ consensus of
$0.45. Revenues were $603.02 million, versus the analyst estimate
of $563.97 million. The shares are up 4% and hit a year high of
July crude is up 1.2%; July natural gas is down 3.3%. United
States Oil Fund (USO) is up 1.3%. United States Natural Gas Fund
(UNG) is down 3.7%.
August gold is up 1.2% and silver for July delivery is up 0.7%.
Among rare metal funds, SPDR Gold Trust (GLD) is up 0.9%; iShares
Silver Trust (SLV) is up 0.7%. Both remain close to their 52-week
Healthcare ETFs Health Care SPDR (XLV) is now down 0.2%, while
Vanguard Health Care ETF (VHT) and iShares Dow Jones US Healthcare
(IYH) are the same. Biotech ETF iShares NASDAQ Biotechnology Index
(IBB) is up 0.12%.
In corporate news, Ciena (CIEN) is up 13% and hit a year high of
$18.83 after it reported Q2 non-GAAP EPS of $0.02, vs. the analyst
consensus of a loss of $0.01 per share on Capital IQ. Revenue was
$5057.7 mln, vs. expectations of $483.6 mln. For Q3, the company
expects revenue in the range of $515 to $545 mln, vs. expectations
of $509.4 mln.
Consumer ETFs Consumer Staples Select Sector SPDR (XLP) is 0.7%
lower, iShares Dow Jones US Consumer Goods (IYK) is down 0.4%, and
Vanguard Consumer Staples ETF (VDC) has fallen 0.6%.
In sector news, Shares in Vera Bradley (VRA) are down 10% and
nearer year lows as analysts at Piper Jaffray, Wells Fargo and
Baird cut their ratings on the stock. Piper Jaffray cut to Neutral
from Overweight with a price target of $24.00, down from $32.00,
BNN reported. Wells Fargo has downgraded from Outperform to Market
Perform, cutting the PT to $24.00 from $30.50, while Baird has cut
to Neutral from Outperform, according to TheStreet.com.
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