Active broad-market exchange-traded funds in Monday's regular
SPDR S&P 500 ETF Trust (
): +0.8%, reaching a new 52-week high
iShares MSCI Emerging Markets Index (
Select Financial Sector SPDRs (
): +1.4%, near 52-week highs
iPath S&P 500 VIX Short Term Futures (
): -1.6%, near 52-week lows
Market Vectors Gold Miners (
Broad Market Indicators
Many broad-market exchange-traded funds, including SPY, IWM, IVV
and others, have neared and/or reached 52-week highs. Actively
traded PowerShares QQQ (QQQ) was up 0.1%, setting a 52-week high of
U.S. stocks continue to make gains after Larry Summers said he
wouldn't run for chairman of the Federal Reserve. Summers, who had
been seen as a leading contender, was perceived by investors as
keen to taper the Fed's stimulus program. Janet Yellen, the Fed's
current vice chair is now seen as a leading contender and is seen
as favoring a more gradual easing of stimulus. In economic news,
the Empire Manufacturing Survey for September showed a reading of
6.3, down from the prior month's reading of 8.2 but below
economists' forecasts. Separately, August industrial production
increased 0.4%, below estimates.
Winners and Losers
Select Financial Sector SPDRs (
) was up 1.4%, near 52 week highs. Direxion Daily Financial Bull 3X
shares (FAS) was up 3.5%. Its bearish counterpart, FAZ, was down
Among financial stocks, American Realty Capital Properties
(ARCP) was down 3.85% after it earlier announced that it expects to
raise about $481 million through the private placement of about
21.7 million convertible notes and 15.1 million in common
Technology Select Sector SPDR ETF (XLK) was up 0.1%, with a new
52-week high of $32.50. iShares S&P North American Technology
ETF (IGM) and iShares S&P North American Technology-Software
Index (IGV), both hit new 52-week highs. iShares Dow Jones US
Technology ETF (IYW) was up 0.1%, near its 52-week high.
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) was
up 0.79%, nearing its 52-week high. Semiconductor Sector Index Fund
(SOXX) was up 0.8%, reaching a new 52-week high of $67.38. SPDR
S&P International Technology Sector ETF (IPK) was up 1.16%,
also at a new 52-week high of $29.72.
In sector news, shares in Internet Gold Golden Lines (IGLD) were
up 24%, setting a fresh new 52-week high of $7.98, after Israeli
regulators gave the go-ahead to the takeover of Bezeq Israeli
Telecommunications Corp (BEZQ) in which it has a 31% stake,
Bloomberg reported. Internet Gold owns the Bezeq stake through its
B Communications unit (BCOM).
Dow Jones U.S. Energy Fund (IYE) was up 0.5%, hitting a new
52-week high of $47.92. Energy Select Sector SPDR (XLE) was also up
0.3%, hitting a new 52-week high of $84.66.
In sector news, L&L Energy (LLEN) was down 5% after it said
it has reached a strategic agreement with the China Low-Carbon
Industry Investment Center to jointly develop new energy
initiatives. The investment center has invited L&L to build new
energy projects using low carbon and new energy technology on its
land located at an industrial park in Zhuozhou City, Hebei
Province, approximately 30 miles from Beijing City center.
Crude was down 1.10%, and United States Oil Fund (USO) was down
1.2%, but still near its 52-week highs. Natural gas was up 1.38%,
and United States Natural Gas Fund (UNG) was up 1.6%.
Gold was up 0.73%, off session highs, and the SPDR Gold Trust
(GLD) was off 0.4%. Silver was up 1.38%; iShares Silver Trust (SLV)
was down 1%.
Health Care SPDR (XLV) was up 1%, reaching a new 52-week high of
$51.83; Vanguard Health Care ETF (VHT), iShares Dow Jones US
Healthcare (IYH) and Biotech ETF iShares NASDAQ Biotechnology Index
(IBB) all reached their 52-week highs.
In corporate news, Aastrom Biosciences (ASTM) was up 6.9% from
near 52 week lows after saying Health Canada has approved its
clinical trial application to initiate the ongoing Phase
2bixCELL-DCm clinical trial in Canada. The iCELL-DCM study,
currently enrolling patients in the U.S., is a randomized,
double-blind placebo-controlled study of ixmyelocal-T in patients
with advanced heart failure due to ischemic dilated
Consumer funds were inching closer to their 52-week highs:
Consumer Staples Select Sector SPDR (XLP) was up 0.9%; iShares Dow
Jones US Consumer Goods (IYK), up 1.56%; and Vanguard Consumer
Staples ETF (VDC), up 1.2%.
In sector news, Boize (BZ) is up 26%, reaching a 52-week high of
$12.68. Packaging Corporation of America (PKG) and Boise have
entered into a agreement under which PCA will acquire all of the
outstanding common shares of Boise for $12.55 per share in cash,
for an aggregate transaction value of $1.995 billion, inclusive of
$714 million of outstanding indebtedness of Boise.
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