Active broad-market exchange-traded funds at mid-day:
SPDR S&P 500 (
iShares MSCI Emerging Markets Index (
iShares Silver Trust (
iShares Russell 2000 Index (
iPath S&P 500 VIX Short Term Futures TM (
): -0.5%, near year lows.
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM, IVV and
others, are mixed to slightly higher. Actively traded PowerShares
QQQ (QQQ) is up 0.3% and near year highs.
U.S. stocks continue to finding traction from the strong retail
launch of Apple Inc.'s (AAPL) iPhone 5 in shops in North America,
Australia, Japan, Hong Kong, Singapore, Britain, France and
Germany. Investors are also finding renewed optimism following
reports that Spain is currently preparing a request for a
pre-emptive bailout from European Union authorities. The reform
program could be unveiled as soon as next week.
Winners and Losers
Select Financial Sector SPDRs (XLF) is down 0.06%. Direxion
Daily Financial Bull 3X shares (FAS) has turned slightly positive.
Its bearish counterpart, FAZ, is flat.
Among financial stocks, CICI Bank Limited (IBN) is up 6.75%,
reaching a new 52-week high of $40.45. The bank's shares were
lifted by the recent move by the Indian government to liberalize
foreign investments in aviation, retail and broadcasting sectors.
According to a report on the Wall Street Journal, the Indian
government's reforms are expected to revive the country's slowing
economy, and hopes are high that the Indian banking sector will be
among those to benefit the most. One of the reforms approved today
was a large tax cut on overseas loans taken by local companies, the
Industrial ETFs are firmer, nearing year highs: Vanguard
Industrials (VIS), up 0.03%; iShares Trust Dow Jones U.S.
Industrial Sector Index Fund (IYJ), up 0.25%; and Select Sector
SPDR-Industrial (XLI), up 0.08%.
Among stocks, KB Home (KBH) is up 17.5% and has hit new year
highs after it reported third quarter 2012 earnings of $3.3
million, or $0.04 per share, compared to consensus estimate of
$0.16 per share loss. Revenues were $424.5 million, which is below
the $430 million estimate. In the same period last year, the
company had a net loss of $9.6 million, or $0.13 per share loss, on
revenues of $367.3 million.
Tracking KBH, homebuilders ETFs are also higher: SPDR S&P
Homebuilders (XHB), up 1.6%, touching a new year high; iShares Dow
Jones US Home Construction (ITB), up 2.477%, with a new year high;
and PowerShares Dynamic Building & Construction Portfolio
(PKB), up 1.75% with a new year high.
Crude was up 0.66%; natural gas was up 3.21%. United States Oil
Fund (USO) has turned slightly negative. United States Natural Gas
Fund (UNG) is up 1.9%.
Gold for December delivery was up 0.31%; while silver was down
0.22%. Among rare metal funds, SPDR Gold Trust (GLD) is up 0.49%;
iShares Silver Trust (
) is now slightly higher.
Healthcare ETFs are ticking upward, touching fresh new year
highs: Health Care SPDR (XLV), up 0.62%; Vanguard Health Care ETF
(VHT), up 0.6%; and iShares Dow Jones US Healthcare (IYH), up
0.77%. Biotech ETF iShares NASDAQ Biotechnology Index (IBB) also
jumped to a new year high and is up 0.7%.
Consumer ETFs iShares Dow Jones US Consumer Goods (IYK) is up
0.03%, with a new year high of $76.39; and Vanguard Consumer
Staples ETF (VDC), is now down 0.1%, having earlier hit a new year
high of $92.66. Consumer Staples Select Sector SPDR (XLP) is
slightly lower, but still near year highs.
Retail ETFs are firmer: SPDR S&P Retail (XRT), now down a
bit; PowerShares Dynamic Retail (PMR), also now down a small sum;
and Market Vectors Retail ETF (RTH), up 0.28% to new 52-week
Power Play -
Tech ETFs are firmer, on the back of Apple's (AAPL) gains on the
launch of the new iPhone 5. According to several news outlets,
demand has been staggering, with Apple devotees queuing up
overnight to be the first to own the new handset. AAPL shares have
hit fresh new year highs.
Telecommunications ETFs are leading the tech rally: iShares Dow
Jones US Telecom (IYZ), up 1.43%, touching a new year high of
$26.25; iShares S&P Global Telecommunications (IXP), up 1.10%,
nearing year highs; Vanguard Telecommunication Services (VOX), up
1.4%, with a new year high of $76.16; SPDR S&P International
Telecommunications Sector ETF (IST), up 1.3%; First Trust NASDAQ
CEA Smartphone Index Fund (FONE), up 1.26%; and SPDR S&P
Telecom ETF (XTL), up 1.1%.
Technology Select Sector SPDR ETF (XLK) now up 0.06%, nearing
year highs: iShares Dow Jones US Technology ETF (IYW), up 0.5%,
also near 52 week highs; iShares S&P North American Technology
ETF (IGM), up 0.5% and iShares S&P North American
Technology-Software Index (IGV), slightly higher.
Among Semiconductor ETFs, SPDR S&P Semiconductor (XSD) is up
0.17% and Semiconductor Sector Index Fund (SOXX) is up 0.78%.
SPDR S&P International Technology Sector ETF (IPK) is up