Active broad-market exchange-traded funds in Friday's regular
SPDR S&P 500 ETF Trust (
iPath S&P 500 VIX Short Term Futures TM (
iShares MSCI Emerging Markets Index (
Select Financial Sector SPDRs (
iShares Russell 2000 Index (
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM, IVV and
others were higher in the session's half. Actively traded
PowerShares QQQ (QQQ) was up 0.76%.
U.S. stocks continued to rally, its highest single-day
percentage jump since January, according to a report on
MarketWatch. Investors are optimistic that a deal will be reached
regarding the debt ceiling and that the government shutdown will
end sooner than later. The preliminary October reading of the
University of Michigan/Thomson Reuters consumer sentiment index
fell to its lowest reading since January, to 75.2. The prior
month's reading was 77.5.
Winners and Losers
Select Financial Sctor SPDRs (
) was up 0.52%. Direxion Daily Financial Bull 3X shares (FAS) was
up 1.55%. Its bearish counterpart, FAZ, was down 1.62%.
Among financial stocks, MVC Capital, Inc. (MVC), a publicly
traded business development company that makes private debt and
equity investments, was up more than 1% and touched a 52 week high
$13.89 after it said it has invested $7.5 million in Advantage
Insurance Holdings Ltd., a provider of specialty insurance,
reinsurance and related services. Advantage management and other
investors participated in the financing alongside MVC.
Dow Jones U.S. Energy Fund (IYE) was up 1.1% and Energy Select
Sector SPDR (XLE) was up 1.26%.
In sector news, Buckeye Partners, L.P. (BPL), operator of
refined petroleum products pipeline systems, is selling 7.5 million
limited partnership units at $62.61 per unit, sold pursuant to an
effective shelf registration statement. The offering was upsized
from the previously announced offering size of 6.5 million units.
The company plans to use the proceeds from the offering to pay debt
and for general partnership purposes. Shares were up 3.19%.
Crude was down 1.29%; United States Oil Fund (USO) was down
1.46%. Natural gas was up 1.01%, and United States Natural Gas Fund
(UNG) was up 0.84%.
Gold was down 2.21%, off session lows, and SPDR Gold Trust (GLD)
was down 1.46%. Silver was down 2.93%; iShares Silver Trust (SLV)
was done 1.73%.
Consumer Staples Select Sector SPDR (XLP) was up 0.07%. iShares
Dow Jones US Consumer Goods (IYK) is also higher, while Vanguard
Consumer Staples ETF (VDC) was weaker.
In sector news, Gap Inc. (GPS) tumbled Friday, down 7.19% after
the global apparel company reported late Thursday its September net
sales were essentially flat compared with last year while its
September same-store sales fell. Net sales for the five-week period
ended Oct. 5 were $1.46 billion, compared with net sales of about
$1.45 billion for the five-week period ended Sept. 29, 2012.
Comparable-store sales declined 3% in September, with a 3% decline
at its namesake brand, a 5% drop at Banana Republic Global and a 2%
decline at Old Navy Global.
Select Sector SPDR-Industrial (XLI) was up 0.47%; other
industrial ETFs iShares Trust Dow Jones U.S. Industrial Sector
Index Fund (IYJ) and Vanguard Industrials (VIS) were also
Among stocks, Controladora Vuela Compania de Aviacion, S.A.B. de
C.V. (VLRS) or Volaris Aviation, an ultra-low-cost airline based in
Mexico, reported the total number of booked passengers reached
697,000 in September, a 23.9% increase from the same period in
2012. VLRS' demand, measured in Revenue Passenger Miles (RPMs)
increased 19.6% year-on-year. The company registered a load factor
of 81.0%, a 1.7 percentage point increase year-on-year. VLRS was
Health Care SPDR (XLV) was up 0.44%. Among other healthcare
ETFs, Vanguard Health Care ETF (VHT) and iShares Dow Jones US
Healthcare (IYH) were also in positive territory. Biotech ETF
iShares NASDAQ Biotechnology Index (IBB) was up 0.16%.
In corporate news, Vivus (VVUS) was up 10% after licensing its
Stendra drug to treat erectile dysfunction to Auxilium
Pharmaceuticals (AUXL) for up to $300 million in regulatory and
sales milestone payments. Under the terms of the license deal,
valid in the U.S. and Canada, VVUS will receive an initial fee of
$30 million and a $15 mln payment contingent upon a potential label
amendment regarding onset-of-action, in addition to royalties on
product sales. VVUS will also be initially responsible for the
manufacture and supply of Stendra to AUXL. AUXL was up 1.8%.
Power Play -
Technology Select Sector SPDR ETF (XLK) was up 0.68%, near
52-week highs; among 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 all gaining.
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) was
up 0.80%; Semiconductor Sector Index Fund (SOXX), was up 0.43%.
SPDR S&P International Technology Sector ETF (IPK) was
In sector news, SolarCity (SCTY) was up 22%, after it said it
expects to deploy between 475 MW and 525 MW in 2014. In Q3, the
distributor of renewable electricity directly to homeowners,
businesses and government organizations, said it deployed 78 MW. It
also said it still expects to achieve 278 MW deployed for fiscal
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