Active broad market exchange-traded funds at mid-day:
SPDR S&P 500 ETF Trust (
): -0.1%, has turned negative after earlier going near 52 week
iShares MSCI Emerging Markets Index (
): -0.6%, has turned negative
iShares MSCI Japan Index (
): +1%, near 52-week highs
PowerShares QQQ Trust, Series 1 (
Financial Select Sector SPDR (
): -0.14% , has turned negative after earlier going near 52 week
iPath S&P 500 VIX Short Term Futures (VXX): +1.2%
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM, IVV and
others, have weakened. Actively traded PowerShares QQQ (
) is down 0.35%.
Many U.S. stocks are inching into positive territory,
recoverning some of their earlier losses. Earnings results continue
to be in the spotlight, with Time Warner (TWX) and Visa (V) among
the major companies reporting.
Winners and Losers
Select Financial Sector SPDRs (
) has turned negative and is now down 0.3%, having earlier gone
close to year high. Direxion Daily Financial Bull 3X shares (FAS)
too has turned negative after also testing its 52-week high. Its
bearish counterpart, FAZ, has turned positive having hit a new 52
week low of $12.
Among financial stocks, Royal Bank of Scotland (RBS) is up 0.8%
following a Reuters report that stated the bank will be hit with
fines of almost 400 million pounds ($627 million) on Wednesday for
its role in a global interest-rate rigging scandal. That's the
second-largest penalty so far in the international rate-rigging
Dow Jones U.S. Energy Fund (IYE) is down 0.5% from near 52 week
highs and Energy Select Sector SPDR (XLE) is the same.
In sector news, ArcelorMittal (MT) has turned negative and is
now down 0.4% after reporting a Q4 loss of $3.99 bln, up from a
year ago loss of $1 bln. Revenue was $19.31 bln, down from $22.45
bln last year. The company did note that it expects its EBITDA to
be higher looking forward, as the economic situation in Europe
improves, according to Dow Jones Newswires.
Crude was up 0.01%; natural gas was up 1.35%. United States Oil
Fund (USO) has turned down 0.2%. United States Natural Gas Fund
(UNG) is up 1%.
Gold was up 0.25% and silver was down 0.15%. Among rare metal
funds, SPDR Gold Trust (GLD) is up 0.3%; iShares Silver Trust (SLV)
is up 0.03%.
are dipping into negative territory, but are still near their
52-week highs: Health Care SPDR (XLV), off 0.3%; Vanguard Health
Care ETF (VHT), down 0.22%; and iShares Dow Jones US Healthcare
(IYH), down 0.35%. Biotech ETF iShares NASDAQ Biotechnology Index
(IBB) is down 0.8%.
In corporate news, Elan (ELN) is now down 9% and touched a new
year low after Biogen Idec (BIIB) agreed to purchase Elan's
interest in TYSABRI (natalizumab) and upon closing will gain full
strategic, commercial and decision-making rights to TYSABRI. BIIB
shares are up 2.8%, touching a new year high.
Consumer ETFs are mostly edging lower, but near year highs:
Consumer Staples Select Sector SPDR (XLP), down 0.11%; iShares Dow
Jones US Consumer Goods (IYK), up 0.07%; and Vanguard Consumer
Staples ETF (VDC), down 0.05%.
In sector news, Ralph Lauren (RL) is now up 7% after it reported
Q3 revenue of $1.8 bln, in line with the analyst consensus on
Capital IQ. EPS was $2.31, vs. expectations of $2.18 per share. For
FY 2013, the company expects revenue to increase by about 2%. The
Q4, the company expects revenue to increase by a mid-single-digit
Power Play -
Tech ETFs are weakening too, although most remain near their
52-week highs: Technology Select Sector SPDR ETF (XLK), down 0.29%;
iShares Dow Jones US Technology ETF (IYW), down 0.33%; iShares
S&P North American Technology ETF (IGM), 0.41% lower; and
iShares S&P North American Technology-Software Index (IGV),
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) is up
0.04% and Semiconductor Sector Index Fund (SOXX) is down 0.26%.
SPDR S&P International Technology Sector ETF (IPK) is down
0.04%, still near its year high.
In sector news, Liberty Global, Inc. (LBTYA) has entered into an
agreement to acquire Virgin Media Inc. (VMED) in a stock and cash
merger valued at approximately $23.3 billion. Under the terms of
the agreement, Virgin Media shareholders will receive $17.50 in
cash, 0.2582 Liberty Global Series A shares and 0.1928 Liberty
Global Series C shares for each Virgin Media share that they hold.
LBTYA shares are down 3.3% while VMED shares are down 1.5%.
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