Active broad-market exchange-traded funds at mid-day:
SPDR S&P 500 (
Financial Select Sector SPDR (
): last early gains, now flat
iShares MSCI Emerging Markets Index (
PowerShares QQQ Trust, Series 1 (
iShares Russell 2000 Index (
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM, IVV and
others, are mixed. Actively traded PowerShares QQQ (
) is up 0.12%.
U.S. stocks have slipped lower following a report that the ISM
Manufacturing Index fell to 49.5% in November, its lowest level
since July 2009, with the aftermath of Hurricane Sandy still
impacting the economies of the northeast. The contraction undercut
a more upbeat report on construction spending, which rose 1.4% in
October, above expectations. Earlier, upbeat data out of China and
Europe lifted stocks, provided some respite from concerns over the
ongoing but slowed pace fiscal negotiations.
Winners and Losers
Select Financial Sector SPDRs (
) has lost earlier gains and is now flat to slightly higher.
Direxion Daily Financial Bull 3X shares (FAS) was up 0.93%, but is
now up 0.15%. But its bearish counterpart, FAZ, is now up 0.06%,
having been down 0.64%.
Among financial stocks, Equifax Inc. (EFX) is up more than 4%
and reached a new year high after the company announced that its
subsidiary, Equifax Information Services LLC, will purchase $1.0
billion of certain credit services business assets and operations
of CSC Credit Services Inc., a subsidiary of Computer Sciences
Corp. (CSC). Per the agreement, EFX expects to realize tax benefits
from a step-up in the tax basis of the acquired assets having an
estimated net present value of approximately $200 million over a
15-year amortization period. The deal is expected to close by
year-end. CSC shares are up 3.4% and also touched a new year high
are losing ground: Technology Select Sector SPDR ETF (XLK), now up
just 0.1%; iShares Dow Jones US Technology ETF (IYW), now up just
0.2%; iShares S&P North American Technology ETF (IGM), has
turned negative; and iShares S&P North American
Technology-Software Index (IGV), now down 0.7%.
Semiconductor ETFs, SPDR S&P Semiconductor (XSD), has turned
slightly negative; and Semiconductor Sector Index Fund (SOXX) has
lost earlier gains and it is now down 0.16%.
SPDR S&P International Technology Sector ETF (IPK) is up
In sector news, Sequans Communications S.A. (SQNS) ADRs are up
more than 30%, but off the day's high of $2.17, after the company
announced that its chips are powering a significant portion of the
LTE devices to be used in the next phase of China Mobile's (CHL)
large-scale trial of TD-LTE technology in China. CHL shares are
Dow Jones U.S. Energy Fund (IYE) is down 0.4%; Energy Select
Sector SPDR (XLE) is down 0.38%.
In sector news, Longwei Petroleum Investment (LPH) is now up
12.5% and touched fresh new year high of $2.79, after announcing
that about 10.65 million warrants outstanding associated with its
Oct. 29, 2009 financing have expired.
Crude was up 0.34%; likewise, natural gas was up 1.68%. United
States Oil Fund (USO) is up 0.25%. United States Natural Gas Fund
(UNG) is up 0.5%.
Gold was up 0.25%; silver was up 1.52%. Among rare metal funds,
SPDR Gold Trust (GLD) is up 0.25%; iShares Silver Trust (SLV) is up
Healthcare ETFs are lower: Health Care SPDR (XLV), down 0.1%;
Vanguard Health Care ETF (VHT), down 0.2%; and iShares Dow Jones US
Healthcare (IYH), down 0.2%. Biotech ETF iShares NASDAQ
Biotechnology Index (IBB) is down 0.2%.
In corporate news, Sabra Health Care REIT Inc. (SBRA) is up 0.9%
and nearer the stock's 52-week high after announcing the
acquisition of a portfolio of three skilled nursing facilities and
one assisted living facility in Texas, as well as a skilled nursing
facility in Minnesota. The transactions were funded with available
cash and proceeds from the company's secured revolving credit
Power Play -
Consumer ETFs are mixed: Consumer Staples Select Sector SPDR
(XLP), down 0.1%; iShares Dow Jones US Consumer Goods (IYK), down
0.16% after earlier touching a new year high of $76.71; and
Vanguard Consumer Staples ETF (VDC), has turned slightly
Retail ETFs have turned lower: SPDR S&P Retail (XRT), down
0.33%; PowerShares Dynamic Retail (PMR), down 0.3% from near year
highs; and Market Vectors Retail ETF (RTH), down 0.18% having
earlier hit a new year high of $45.59.
In sector news, Ford (F) shares are up 0.5% following the
company's report that November U.S. sales were up 6.5% to 177,673
vehicles, driven higher primarily by an increase in small car
sales. F's November small car sales posted their best monthly
performance since 2000.