Active broad market exchange-traded funds in Thursday's regular
SPDR S&P 500 (
iShares S&P 500 (
PowerShares QQQ (
iShares Russell 2000 (
iShares Russell 1000 Growth (
iShares MSCI Emerging Markets Index (EEM): -0.72%
United States Oil Fund (USO): -0.67%
SPDR Gold Shares (GLD): -1.16%
Select Financial Sector SPDRS (XLF): -0.73%
Pre-Market Most Active:
Broad Market Indicators
Broad-market exchange-traded funds, including SPY, IWM, IVV and
others, were modestly firmer at mid-day. Actively traded
PowerShares QQQ (
) was up 0.16%.
U.S. stock futures were pointing to a positive open as investors
were looking ahead to Federal Reserve Chairman Ben Bernanke's
speech at 9:30 am ET, and the start of a two day meeting by
financial ministers and central bank governors from G-7. There was
no economic data for release today.
Winners and Losers
Select Financial Sector SPDRs (XLF) was up 0.10%. Direxion Daily
Financial Bull 3X shares (FAS) was up 0.49%. Its bearish
counterpart, FAZ, was down 0.56%.
Among financial stocks, Monarch Financial Holdings (MNRK), the
holding company for Monarch Bank, announced a 20% increase in the
quarterly common stock cash dividend at its annual shareholder
meeting. The board of directors declared a regular quarterly cash
dividend of $0.06 per common share, payable on May 31, to
shareholders of record on May 20.
Technology Select Sector SPDR ETF (XLK), 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 leaning higher.
Semiconductor ETFs, SPDR S&P Semiconductor (XSD) and
Semiconductor Sector Index Fund (SOXX) looked to open in the
SPDR S&P International Technology Sector ETF (IPK) was
headed for a flat to higher open.
In sector news, Yahoo (YHOO) was up 0.46% following reports that
YHOO CEO Marissa Mayer may bid for Hulu-TV streaming services.
Dow Jones U.S. Energy Fund (IYE) and Energy Select Sector SPDR
(XLE) were heading for a firmer start.
In sector news, ArcelorMittal (MT) was up 5.02% after it was
upgraded to Buy from Hold by analysts at ING Group following its
June crude was down 1.96%; July natural gas was down 1.69%.
United States Oil Fund (USO) was down 1.43%. United States Natural
Gas Fund (UNG) was down 1.516%.
June gold was down 2.64% and silver for July delivery was down
0.98%. Among rare metal funds, SPDR Gold Trust (GLD) was down
1.79%; iShares Silver Trust (SLV) was down 1.88%.
Consumer ETFs Consumer Staples Select Sector SPDR (XLP), iShares
Dow Jones US Consumer Goods (IYK), and Vanguard Consumer Staples
ETF (VDC) were pointing to a higher start.
In sector news, Dunkin' Brands Group Inc (DNKN), the parent
company of Dunkin' Donuts and Baskin-Robbins, said its board of
directors has named Nigel Travis, CEO of Dunkin' Brands, to the
additional role of chairman of the board. Travis, 63, succeeds Jon
Luther, 69, who is retiring as director and chairman of the board
effective May 15.
Power Play -
Healthcare ETFs Health Care SPDR (XLV), Vanguard Health Care ETF
(VHT), and iShares Dow Jones US Healthcare (IYH) were pointing to a
negative start. Biotech ETF iShares NASDAQ Biotechnology Index
(IBB) was also heading lower.
In corporate news, Eli Lilly (LLY) was off 1.12% after it
announced disappointing Phase III clinical trial results from
enzastaurin's PRELUDE study, which explored the molecule as a
monotherapy in the prevention of relapse in patients with diffuse
large B-cell lymphoma (DLBCL) and said it would stop development of
the product. It said the study failed to show a statistically
significant increase compared to placebo in disease-free survival
in patients at high risk of relapse following rituximab-based
chemotherapy. There were no new safety findings, and the safety
data were consistent with previously disclosed studies.
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