Active broad market exchange-traded funds at mid-day:
SPDR S&P 500 (
iPath S&P 500 VIX Short Term Futures TM (
): -1.19%, near 52-week low
iShares MSCI Japan Index (
): +0.5%, with a new 52-week high of $11.02
iShares MSCI Emerging Markets Index (
iShares Russell 2000 Index (
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM, IVV and
others have slipped into negative territory. Actively traded
PowerShares QQQ (QQQ) was down 0.19%. iShares MSCI Japan Index (
) continued to see gains following the start of Japan's new
stimulus program, and was up 0.5%, with a new 52-week high of
U.S. stocks erased gains at session's half, continuing last
week's weakness, as investors look ahead to earnings season, which
kicks off with Alcoa's (AA) results tonight. No economic data is on
tap for today, giving the markets a breather before February
wholesale inventories are released Tuesday. Also after the markets'
close, Federal Reserve Chairman Ben Bernanke will be speaking at
7:15 p.m. at an Atlanta Fed conference.
Winners and Losers
Select Financial Sector SPDRs (XLF) was down 0.11%, but still
near its 52-week high. Direxion Daily Financial Bull 3X shares
(FAS) was off 0.09%, but earlier hit a new 52-week of $53.68. Its
bearish counterpart, FAZ, was up 0.05%, with a new 52-week low of
Among financial stocks, National Bank of Greece (NBG) was down
10.89%, pulling back from earlier losses of nearly 21%, after its
merger with Eurobank was halted by the Greek government over the
weekend. Shares touched a new 52-week low of $0.61.
are lower: Technology Select Sector SPDR ETF (XLK), down 0.13%;
iShares Dow Jones US Technology ETF (IYW), down 0.24%; iShares
S&P North American Technology ETF (IGM), down 0.17%; and
iShares S&P North American Technology-Software Index (IGV),
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) was
down 0.27% while Semiconductor Sector Index Fund (SOXX) was up
SPDR S&P International Technology Sector ETF (IPK) was
In sector news, Google (GOOG) was down 1.53%. A report on
Digital Trends stated the company is in the negotiating phase with
mobile messaging app WhatsApp in what could be a billion dollar
Crude was down 0.11%; natural gas was down 0.8%. United States
Oil Fund (USO) was down 0.21%. United States Natural Gas Fund (UNG)
was down 0.27%.
Gold was down 0.32%. Silver was also lower, down 0.18%. Among
rare metal funds, SPDR Gold Trust (GLD) was down 0.50%; iShares
Silver Trust (SLV) was down 0.51%.
Healthcare ETFs are weaker: Health Care SPDR (XLV), down 0.56%;
Vanguard Health Care ETF (VHT), down 0.49%; and iShares Dow Jones
US Healthcare (IYH) down 0.38%. Biotech ETF iShares NASDAQ
Biotechnology Index (IBB) was down 0.48%.
In corporate news, BioCryst Pharma (BCRX) was up 23.53% in the
wake of a Bloomberg report that China has expedited the approval of
the company's anti-flu drug, Permavir, after three more cases of
the H7N9 virus were diagnosed.
Consumer ETFs were in the green: Consumer Staples Select Sector
SPDR (XLP), up 0.35%; iShares Dow Jones US Consumer Goods (IYK),
0.40%; and Vanguard Consumer Staples ETF (VDC), up 0.33%.
In sector news, shares of Central European Distribution
Corporation (CEDC) continued to plunge, down 40.97% at last check,
after the company said this morning that it commenced voluntary
proceedings under Chapter 11 of the U.S. Bankruptcy Code.
Power Play -
Dow Jones U.S. Energy Fund (IYE) was up 0.16% while Energy
Select Sector SPDR (XLE) is up 0.09%
In sector news, GE (GE) and Lufkin Industries Inc. (LUFK)
announced today a joint agreement whereby GE will acquire Lufkin
Industries Inc., a provider of artificial lift technologies for the
oil and gas industry and a manufacturer of industrial gears, for
approximately $3.3 billion. Lufkin shareholders will receive $88.50
per share in cash for each of their Lufkin shares. LUFK shares were
up 37.65% while GE shares were down 0.35%.
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