Active broad-market exchange-traded funds at mid-day:
SPDR S&P 500 (
PowerShares QQQ Trust, Series 1 (
iShares Russell 2000 Index (
Financial Select Sector SPDR (
): -1%, still near year high
iShares FTSE/Xinhua China 25 Index (
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM, IVV and
others, continue to be weaker. Actively traded PowerShares QQQ (
) is down 2%.
U.S. stocks continue to sink as disappointment with housing
data, corporate earnings reports, and the perceived EU inaction on
the debt crisis in Europe takes a toll on market sentiment.
Winners and Losers
Select Financial Sector SPDRs (
) is down 1%, but is still near its year high. Direxion Daily
Financial Bull 3X shares (FAS) is down 3%. Its bearish counterpart,
FAZ, is up 3%.
Among financial actives, E*TRADE Financial (ETFC) is down 8.6%,
adding to losses of about 5% in yesterday's late trading, when the
company reported a Q3 loss of $0.10 per share, ex one-time items,
versus the Capital IQ consensus of $0.09 earnings per share.
Revenues were $490 mln, versus the analyst estimate of $440.19
Most Tech ETFs continue to skid lower: Technology Select Sector
SPDR ETF (XLK), down 1.7%; iShares Dow Jones US Technology ETF
(IYW), down 1.9%; iShares S&P North American Technology ETF
(IGM), down 1.7%; and iShares S&P North American
Technology-Software Index (IGV), down 1.65%.
Semiconductor ETFs are lower, sinking near year lows: SPDR
S&P Semiconductor (XSD) is down 3.1%, just above its year low
of $40.30; Semiconductor Sector Index Fund (SOXX) is down 2.5%.
SPDR S&P International Technology Sector ETF (IPK) is down
Dow Jones U.S. Energy Fund (IYE) is down 1.3%; Energy Select
Sector SPDR (XLE) is down 1.32%.
Crude was down 1.63%; natural gas was up 0.97%, nearing its year
high. United States Oil Fund (USO) is down 1.9%. United States
Natural Gas Fund (UNG) is up 1.2%.
Gold was down 1.44% while silver was down 2.55%. Among rare
metal funds, SPDR Gold Trust (GLD) is down 1.1%; iShares Silver
Trust (SLV) is down 2%.
Healthcare ETFs Health Care SPDR (XLV), down 1.55%; Vanguard
Health Care ETF (VHT), down 1.7% from near year highs; and iShares
Dow Jones US Healthcare (IYH), down 1.6% from near year highs.
Also, Biotech ETF iShares NASDAQ Biotechnology Index (IBB) is down
Consumer ETFs are lower: Consumer Staples Select Sector SPDR
(XLP), down 1%; iShares Dow Jones US Consumer Goods (IYK), down
0.51%; and Vanguard Consumer Staples ETF (VDC), down 1.2%.
Retail ETFs are also weaker: SPDR S&P Retail (XRT), down
1.8%; PowerShares Dynamic Retail (PMR), down 0.81%; and Market
Vectors Retail ETF (RTH), down 1% but earlier touched a new year
high of $45.37.
Power Play -
Homebuilder ETFs showed early strength, even jumping to new year
highs, before pulling back and settling in the red following the
downbeat housing data. SPDR S&P Homebuilders (XHB) is now down
0.4% but earlier touched a new year high of $26.35. iShares Dow
Jones US Home Construction Index Fund (ITB) is flat after also
reaching a new year high of $21.10; and PowerShares Dynamic
Building & Construction Portfolio (PKB) is off 1.5% from near
its 52-week high.
Industrial ETFs are in the red: Vanguard Industrials (VIS), down
1.3%; iShares Trust Dow Jones U.S. Industrial Sector Index Fund
(IYJ), down 1.5%; and Select Sector SPDR-Industrial (XLI), down
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