Active broad market exchange-traded funds in Thursday's regular
iShares MSCI Japan Index (
SPDR S&P 500 (
Financial Select Sector SPDR (
iShares MSCI Emerging Markets Index (
Market Vectors Gold Miners ETF (
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM, IVV and
others, have inched higher into positive territory. Actively traded
PowerShares QQQ (QQQ) was up 0.68%. Most sectors have been seeing
gains; among commodity
, natural gas funds are underperforming the broader market while
crude funds are in step with market gains following petroleum and
natural gas inventories reports.
U.S. stocks were firmer in the session's half, following upbeat
housing data, with the National Association of Realtors reporting
that pending sales of homes rose 0.3% in April. Earlier, stocks
struggled to retain modest gains following the report that the U.S.
Q1 GDP growth was revised down 2.4%, slightly lower than expected,
while weekly jobless claims rose to 354,000 - above forecasts.
Winners and Losers
Select Financial Sector SPDRs (
) was up 1.25%, near its 52-week high. Direxion Daily Financial
Bull 3X shares (FAS) was up 3.03%. Its bearish counterpart, FAZ, is
Among financial stocks, Blackstone (BX) slipped lower after it
said it may withdraw $400 million from SAC Capital Advisors, which
is twice as much as the company expected earlier this month, the
Wall Street Journal reports, citing people familiar with the
Technology Select Sector SPDR ETF (XLK) was up 0.79% and was
just below its 52-week high. Other tech ETFs 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 also near their 52-week highs.
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD)
neared its their 52-week high, up 2.05%, while Semiconductor Sector
Index Fund (SOXX) was up 1.68%, and earlier hit a new 52-week high
SPDR S&P International Technology Sector ETF (IPK) was up
In sector news, Clearwire (CLWR) was up 24.43%, with a new
52-week high of $4.37 after DISH Network (DISH) said late last
night it is raising its bid to acquire CLWR to $4.40 per share
cash, above a $3.40 per share proposal by Sprint. DISH had
initially bid $3.30 per share for CLWR late in 2012.
Dow Jones U.S. Energy Fund (IYE) and Energy Select Sector SPDR
(XLE) were both weaker, down 0.09% and 0.21%, respectively.
In sector news, NV Energy (NVE) was up 22.46%, with a new
52-week high of $23.68, after the company late yesterday said it's
being acquired by MidAmerican Energy Holdings Company for $23.75
per share in cash.
Consumer Staples Select Sector SPDR (XLP) slipped 0.02%, while
other consumer ETFs iShares Dow Jones US Consumer Goods (IYK), and
Vanguard Consumer Staples ETF (VDC) were mixed, but trading at the
higher end of their 52-week ranges.
In sector news, Express, Inc. (EXPR) has jumped 11.97% and
earlier touched a new 52-week high of $21.23. The company reported
better-than-expected Q1 results, and issued Q2 earnings guidance
above Street estimates.
Health Care SPDR (XLV) was up 0.70%. Other Healthcare ETFs
Vanguard Health Care ETF (VHT), iShares Dow Jones US Healthcare
(IYH) are also firmer. Biotech ETF iShares NASDAQ Biotechnology
Index (IBB) was up 1.17%.
In corporate news, Amarin (AMRN) was up 8.98% after it presented
additional data on Vascepa (icosapent ethyl) and its effect on
lipoprotein particle concentration from the Phase 3 ANCHOR study at
the National Lipid Association (NLA) 2013 Annual Scientific Session
in Las Vegas, Nevada. The data presentation reported that Vascepa 4
g/day, when added to optimized statin therapy for 12 weeks,
significantly reduced median particle concentrations of total
very-low-density lipoprotein (VLDL) by 12.2%, total low-density
lipoprotein (LDL) by 7.7%, and small LDL particles by 13.5% across
the 12 week treatment period, compared with placebo.
Crude was higher following the Department of Energy's report
that crude oil inventories had a build of 3 million, versus the
consensus of a draw of 0.45 million. Crude was up 0.59% while crude
fund United States Oil Fund (USO) was up 0.18%.
Natural gas on the other hand slipped lower following inventory
data that showed a build of 88 bcf, versus expectations of a build
of of 85 bcf - 90 bcf. Natural gas was down 0.3.20% while natural
gas fund United States Natural Gas Fund (UNG) was down 2.79%.
Precious metals were firmer: gold was up 1.65% and silver was up
2.19%. Among precious metal funds, SPDR Gold Trust (GLD) was up
1.35% while Market Vectors Gold Miners (
) was up 4.60%; iShares Silver Trust (SLV) was up 2.07%.
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