Mid-Day ETF Update: ETFs, Stocks Lower as EU Debt Crisis Sparks Tensions In Greece, Spain

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Active broad-market exchange-traded funds at mid-day:

SPDR S&P 500 ( SPY ): -0.3%

iPath S&P 500 VIX Short Term Futures TM ( VXX ): +0.9%


Financial Select Sector SPDR ( XLF ): -0.2%

iShares MSCI Emerging Markets Index ( EEM ): -0.2%

iShares Russell 2000 Index ( IWM ): -0.4%

Broad Market Indicators

Broad-market exchange-traded funds, including SPY, IWM, IVV and others, are lower. Actively traded PowerShares QQQ (QQQ) is down 0.6%.

U.S. stocks are lower, weighed down by growing concerns in Europe as the debt crisis in the region rears its head once again. In focus are Greece, with Greek officials, the European Union, European Central Bank and International Monetary Fund coming to an impasse over how to restructure Athens' debt; and Spain, with protests over the government's austerity measures turning violent, and the Spanish state of Catalonia pushing for independence. Housing data reported earlier, although mixed, helped check some of markets' losses.

Winners and Losers

Financial -

Select Financial Sector SPDRs ( XLF ) is down 0.3%. Direxion Daily Financial Bull 3X shares (FAS) is down 0.7%. Its bearish counterpart, FAZ, is up 0.7%.

Among financial stocks, Life Partners Holdings Inc. (LPHI) is now up 160% after a Travis County District Judge ruled in favor of the life insurance company, ending the Texas Attorney General's suit against Life Partners, which had asserted that the 21-year-old company's life settlement transactions were securities under Texas law.

Technology -

Tech ETFs are lower as the tech sector underperforms other sectors in md-day trade: Technology Select Sector SPDR ETF (XLK), down 0.6%; iShares Dow Jones US Technology ETF (IYW), off 0.6%; iShares S&P North American Technology ETF (IGM), down 0.90%; and iShares S&P North American Technology-Software Index (IGV), down 1.1%.

Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) is down 1% and Semiconductor Sector Index Fund (SOXX) is off 0.6%.

SPDR S&P International Technology Sector ETF (IPK) is flat.

Energy -

Dow Jones U.S. Energy Fund (IYE) is off 0.6%; Energy Select Sector SPDR (XLE) is down 0.6%.

Commodities -

Crude was down 2.12%; natural gas was up 2.35%. United States Oil Fund (USO) is down 1.5%. United States Natural Gas Fund (UNG) is up 2.6%.

Gold and silver for December delivery were lower, down 1.07% and 0.61% respectively. Among rare metal funds, SPDR Gold Trust (GLD) is down 0.5%; iShares Silver Trust (SLV) is up 0.8%.

Healthcare -

Healthcare ETFs Health Care SPDR (XLV), down 0.3% from near year highs; Vanguard Health Care ETF (VHT), down 0.3%; and iShares Dow Jones US Healthcare (IYH), down 0.3%, from near year highs. Biotech ETF iShares NASDAQ Biotechnology Index (IBB) is down 1.2%.

Power Play -

Consumer -

ETFs are mixed to higher, as the consumer staples sector is one of the few posting gains in mid-day trading: Consumer Staples Select Sector SPDR (XLP), up 0.28%, nearer year highs; iShares Dow Jones US Consumer Goods (IYK), down 0.2%; and Vanguard Consumer Staples ETF (VDC), up 0.29%, closer to year highs.

Retail ETFs are lower: SPDR S&P Retail (XRT), down 0.08%; PowerShares Dynamic Retail (PMR), down 0.6%; and Market Vectors Retail ETF (RTH), up 0.3%, reached a new year high of $44.94.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: EEM , IWM , SPY , VXX , XLF

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As of 12/19/2014, 04:15 PM


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