Active broad market exchange-traded funds in Tuesday's regular
SPDR S&P 500 (
iShares MSCI Emerging Markets Index (
iShares MSCI Japan Index Fund (
Financial Select Sector SPDR (
iPath S&P 500 Vix Short Term Futures (
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM, IVV and
others, continued to be weaker. Actively traded PowerShares QQQ
(QQQ) was down 0.22%.
U.S. stocks trimmed earlier losses but were still in negative
territory, tracking global markets lower, amid several global
indicators of a slowdown in growth. Investors also worried over
when the Federal Reserve would pare back it bond buying program. In
economic data, April wholesale inventories were up 0.2% after
increasing 0.4% in March, and was also in line with forecasts.
Winners and Losers
Select Financial Sector SPDRs (
) was down 0.90%. Direxion Daily Financial Bull 3X shares (FAS) was
down 2.47%. Its bearish counterpart, FAZ, was up 2.61%.
Among financial stocks, CYS Investments (CYS) was down 1.274%,
near its 52-week low of $10.01. It earlier declared a quarterly
dividend of $0.34 per share of common stock for the second quarter
of 2013, up from $0.32 previously.
Technology Select Sector SPDR ETF (XLK) slipped 0.19%; iShares
Dow Jones US Technology ETF (IYW), iShares S&P North American
Technology ETF (IGM) and iShares S&P North American
Technology-Software Index (IGV) were also lower.
, SPDR S&P Semiconductor (XSD) was down 1.23% and Semiconductor
Sector Index Fund (SOXX) was down 0.96%.
SPDR S&P International Technology Sector ETF (IPK) was
In sector news, GameStop (GME) spiked 8.55%, reaching its
highest intraday level since August, following its announcement
that it is accepting pre-orders for Sony Entertainment's (SNE) next
generation computer entertainment system, the PlayStation 4. Just
this Monday, GME also announced that it will be taking pre-orders
for the next generation gaming and entertainment system of Sony
rival Microsoft (MSFT) -- the Xbox One.
Dow Jones U.S. Energy Fund (IYE) was down 0.72% while Energy
Select Sector SPDR (XLE) was down 0.83%.
In sector news, North American Energy Partners (NOA) jumped
20.85%, touching a new 52-week high, after it reported it sold all
of its piling-related assets and liabilities to Keller Group plc
for $227.5 million and will exit the piling, foundation, pipeline
anchor and tank services businesses. The company had also reported
a miss for its Q4 results.
Crude was down 1.01%; natural gas was down 0.87%. United States
Oil Fund (USO) was down 0.88%. United States Natural Gas Fund (UNG)
was down 0.84%.
Gold was down 0.78% and silver was down 1.39%. Among rare metal
funds, SPDR Gold Trust (GLD) was down 0.69%; iShares Silver Trust
(SLV) was down 0.95%, with a new 52-week low of $20.76.
Among stocks, McEwen Mining (MUX) slipped 4.02% it has reduced
its earlier production growth forecast, and now expects to produce
225,000 gold equivalent oz in 2016 from the prior guidance of
290,000. The forecast was revised lower due to lower metal prices
and higher cost of capital. The company also said it will no longer
sell Los Azules.
Consumer Staples Select Sector SPDR (XLP) was up 0.22%; other
consumer ETFs iShares Dow Jones US Consumer Goods (IYK) and
Vanguard Consumer Staples ETF (VDC) were firmer.
In sector news, Lululemon Athletica (LULU) was down 16.70%
despite better-than-expected Q1 results and in line Q2 EPS
guidance. The company's CEO, Christine Mccormick Day, in a surprise
move resigned from her position. LULU shares were also downgraded
at UBS and Sterne Agee.
Power Play -
Health Care SPDR (XLV) was up 0.21%; other healthcare ETFs
Vanguard Health Care ETF (VHT), and iShares Dow Jones US Healthcare
(IYH) were inching higher . Biotech ETF iShares NASDAQ
Biotechnology Index (IBB) was up 0.75%.
In corporate news, Questcor Pharmaceuticals, Inc. (QCOR) soared
20.95% after it acquired rights to develop Synacthen and Synacthen
Depot in the U.S. from Novartis (NVS). NVS was down 0.41%.
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