Active broad-market exchange-traded funds at mid-day:
SPDR S&P 500 (
): -0.16%, from near year highs
iShares MSCI Emerging Markets Index (
Financial Select Sector SPDR (
): -0.64%, from near year highs
iPath S&P 500 VIX Short Term Futures TM (
PowerShares QQQ Trust, Series 1(
): -0.14%, from near year highs
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM, IVV and
others, are mostly weaker after strong showings last week. Actively
traded PowerShares QQQ (
) is down 0.14% from near year highs.
U.S. stocks are seeing modest losses, failing to extend last
week's gains, with trading activity lighter than normal on the
Jewish holiday Rosh Hashanah today. Market sentiment was earlier
dampened by a drop in the Empire State manufacturing index to 10.4
in September, far lower than economists' forecasts. This is the
index's weakest reading in almost two years. Outperforming the tech
sector and the broader market, Apple (AAPL) hits a new year high on
record pre-order sales of its newest smartphone, the iPhone 5.
Winners and Losers
Select Financial Sector SPDRs (
) is down 0.7% from near year highs. Direxion Daily Financial Bull
3X shares (FAS) is down 2%. Its bearish counterpart, FAZ, is up
1.9%, taking it further away from near a year low.
Among financial actives, Credit Suisse (CS) is up 1.7% after
saying it would transfer more information on its money management
arm for wealthy Americans to U.S. officials, including more names
of its own employees, as part of an effort to settle a tax evasion
probe, according to Reuters.
Tech ETFs are in the red: Technology Select Sector SPDR ETF
(XLK), down 0.06% from near year highs; iShares Dow Jones US
Technology ETF (IYW), down 0.31%; iShares S&P North American
Technology ETF (IGM), down 0.53%; and iShares S&P North
American Technology-Software Index (IGV), down 0.38%.
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) is
down 1.8%, and Semiconductor Sector Index Fund (SOXX) is down
SPDR S&P International Technology Sector ETF (IPK) is little
In sector news, Apple (AAPL) is up near 1% and earlier hit a new
52-week high of $699.54 after the company announced pre-orders of
its iPhone 5 topped two million in just 24 hours, more than double
the previous record of one million held by iPhone 4S. Demand for
iPhone 5 exceeds the initial supply and while the majority of
pre-orders will be delivered to customers on September 21, many are
scheduled to be delivered in October, the company said in a
Dow Jones U.S. Energy Fund (IYE) is down 0.39%; Energy Select
Sector SPDR (XLE) is up 0.3%.
Crude was up 0.26%; natural gas was down 1.65%. United States
Oil Fund (USO) has turned negative and is now down 0.35%. United
States Natural Gas Fund (UNG) is down 2.25%.
Gold was down 0.05%; silver was down 0.45%. Among rare metal
funds, SPDR Gold Trust (GLD) is down 0.34% while iShares Silver
Trust (SLV) is down 0.9%
Consumer ETFs are higher in mid-day action: Consumer Staples
Select Sector SPDR (XLP), up 0.22%; iShares Dow Jones US Consumer
Goods (IYK), up 0.1% and Vanguard Consumer Staples ETF (VDC), up
Retail ETFs, on the other hand, are weaker: SPDR S&P Retail
(XRT), down 0.71%; PowerShares Dynamic Retail (PMR), down 0.81%;
and Market Vectors Retail ETF (RTH), down 0.57%, but saw a new
52-week high of $45.37.
Power Play -
Healthcare ETFs are firmer: Health Care SPDR (XLV), up 0.33%;
Vanguard Health Care ETF (VHT), up 0.26%; and iShares Dow Jones US
Healthcare (IYH), up 0.45% and just below the 52-week high of
$84.05. Biotech ETF iShares NASDAQ Biotechnology Index (IBB) is up
0.71% and touched a new year high of $142.81.