Active broad-market exchange-traded funds at mid-day:
SPDR S&P 500 (
iPath S&P 500 VIX Short Term Futures TM ETN (
): -3.27%, hit 52-week low
Financial Select Sector SPDR (
): +0.34%, near 52-week high
iShares MSCI Emerging Markets Index (
iShares Russell 2000 Index (
Broad Market Indicators
Most broad-market exchange-traded funds, including SPY, IWM, IVV
and others, continue to be firmer; likewise with ETFs in most
sectors. Actively traded PowerShares QQQ (QQQ) is up now down 0.2%.
ETFs related to commodities are lagging however, on lower oil
U.S. stocks continue to rise higher, buoyed by positive
sentiment generated at least in part by today's jobs data, despite
there being some less than positive reaction to that. This included
allegations that the jobs figures are fixed, something Labor
Secretary Hilda Solis denied in an interview with CNBC. Earlier, it
was reported that the September U.S. unemployment rate dropped 7.8%
from 8.1%, the lowest level since January 2009. Nonfarm payrolls
also rose 114,000, above forecasts, while nonfarm private payrolls
added 104,000. Average hourly wages rose $0.07, or 0.4%, to $23.58,
and the average workweek was up 0.1 hour to 34.5. Employment gains
for August and July were also revised higher by a combined
Winners and Losers
Tech ETFs are mixed overall: Technology Select Sector SPDR ETF
(XLK), off 0.1%, but still near its year high; iShares Dow Jones US
Technology ETF (IYW), down 0.2%; iShares S&P North American
Technology ETF (IGM), up 0.2%; and iShares S&P North American
Technology-Software Index (IGV), down 0.16%.
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) is up
1.04% and Semiconductor Sector Index Fund (SOXX) is up 0.6%.
SPDR S&P International Technology Sector ETF (IPK) is
In sector news, Zynga (ZNGA) is down 17% after touching fresh
new year lows of $2.21. The online social gaming company late
Thursday lowered its guidance for FY12 and released a mixed Q3
Industrial ETFs are firmer: Vanguard Industrials (VIS), up 0.7%
and nearer year highs; iShares Trust Dow Jones U.S. Industrial
Sector Index Fund (IYJ), up 0.6%; and Select Sector SPDR-Industrial
(XLI), up 0.5%.
Among stocks, Curtiss-Wright (CW) is down 1.5% after it slashed
its third quarter and full year financial guidance to reflect the
combined impacts of a recent labor strike, additional investments
in its AP1000 program, continued delays in the large project oil
and gas business, and modest softening in new orders.
Crude was down 2.63%; natural gas was also down 0.47%. United
States Oil Fund (USO) is down 2.3%. United States Natural Gas Fund
(UNG) is down 1.8%.
Gold and silver were down 0.7% and 1.16% respectively. Among
rare metal funds, SPDR Gold Trust (GLD) is down 0.48%; iShares
Silver Trust (SLV) is down 1%.
In corporate news, Primero Mining Corp. (PPP) continues to
surge, now up more than 30% with a new 52-week high of $7.92, after
it announced that the company's Mexican subsidiary has received a
positive ruling from the Mexican tax authorities (Servicio de
Administracion Tributaria) on its Advance Pricing Agreement (APA)
filing made in October 2011. The ruling confirms that the company's
Mexican subsidiary appropriately records revenue and taxes from
sales under the silver purchase agreement at realized prices rather
than spot prices effective from August 6, 2010.
Healthcare ETFs are well in the green: Health Care SPDR (XLV),
up 0.12%, with a new year high of $41.33; Vanguard Health Care ETF
(VHT), up 0.05%, with a new year high of $75.54; and iShares Dow
Jones US Healthcare (IYH), up 0.17%, with a new year high of
$86.98. Biotech ETF iShares NASDAQ Biotechnology Index (IBB) is
also firmer, reaching a new year high of 148.54.
In corporate news, Cell Therapeutics (CTIC) is down near 25% and
hit a fresh new 52-week low of $1.42 after it priced an
underwritten public offering of 60,000 shares of its Series 17
Preferred Stock, offered at a price to the public of $1,000 per
share of Series 17 Preferred Stock.
Consumer ETFs are firmer: Consumer Staples Select Sector SPDR
(XLP), up 0.32%, with a new year high of $36.59; iShares Dow Jones
US Consumer Goods (IYK), up 0.55%, going close to year highs; and
Vanguard Consumer Staples ETF (VDC), up 0.4%, with a new year
Retail ETFs are higher, touching or near new year highs: SPDR
S&P Retail (XRT), up 0.6%; PowerShares Dynamic Retail (PMR), up
0.9% to near year highs; and Market Vectors Retail ETF (RTH), up
0.6%, with a new year high of $46.06.
In sector news, Constellation Brands (STZ) is up 4% after
jumping to a new 52-week high of $36.50. The company earlier posted
Q2 EPS of $0.67, comfortably beating estimates for $0.54. Revenue
for the quarter came in at $699 million, shy of the $710.1 million
consensus. The company says it now sees FY2013 EPS of $2.00-2.10,
versus prior guidance of $1.93-2.03 and the consensus of $1.99.
Power Play -
Select Financial Sector SPDRs (
) is up 0.19% but off day highs. Ditto with Direxion Daily
Financial Bull 3X shares (FAS), up 0.7%. Its bearish counterpart,
FAZ, is down 0.6%, above day lows.
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