Active broad-market exchange-traded funds in Thursday's regular session:
iShares MSCI Emerging Index Fund ( EEM ): -2.2%
SPDR S&P 500 ( SPY ): -0.2%
SPDR Select Sector Fund - Financial ( XLF ): +0.5%
Invesco QQQ Trust, Series 1 ( QQQ ): -0.9%
iPath S&P 500 VIX ST Futures ETN ( VXX ): -1.1%
Broad Market Indicators
Broad-market exchange-traded funds, including IWM and IVV were lower. Actively traded PowerShares QQQ ( QQQ ) was down 0.9%.
US stocks were generally retreating into the session's half, as investors shift their attention from the midterm elections to the outcome to the Federal Open Market Committee meeting.
The FOMC is not expected to adjust interest rates at 2:00 pm, but will likely signal another tightening in December and give clues to the path of monetary policy in 2019.
News out of the White House was also weighing on market sentiment, with a spokesman confirming that the investigation by US Special Counsel Robert Mueller into alleged Russian meddling in the 2016 US presidential election will continue despite the resignation of Jeff Sessions as attorney general.
Meanwhile, a senior US official said that the US is imposing new sanctions against Russia as punishment for involvement in the Ukraine crisis. The financial sanctions target several individuals and legal entities connected with Russian occupation of Ukrainian territory, said the US special representative for Ukraine, Kurt Volker.
In economic data news, weekly jobless claims fell by 1,000 to 214,000 in the seven days ended Nov. 3 -- the lowest level since the summer of 1973 -- versus Econoday forecasts for the number to decline to 213,000. Continuing claims fell by 8,000 to 1.62 million.
Power Play: Consumer
Consumer Staples Select Sector SPDR (XLP) was down 0.1% and Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones U.S. Consumer Goods (IYK) were lower.
Consumer Discretionary Select Sector SPDR (XLY) was up 0.3% while retail funds SPDR S&P Retail (XRT) and Market Vectors Retail ETF (RTH) were higher.
Crocs (CROX) shares rose by more than 26% after the company reported Q3 earnings of $0.07 per diluted share versus the $0.03 loss per share a year ago and above the $0.05 average estimate from analysts polled by Capital IQ. Revenue rose by 7.3% year-on-year to $261.1 million, comfortably beating the $246.5 million consensus. Looking ahead, the company said that it expects revenue of $195 to $205 million in Q4, compared with $199.1 million in the fourth quarter of 2017 and the average analyst estimate of $197.3 million. In the full year 2018, revenue is expected to be 4% to 5% higher than 2017 sales of $1.02 billion - that's an increase from a prior guidance of a low-single-digit increase.
Winners and Losers
The Select Financial Sector SPDRs ( XLF ) was up 0.5%. Direxion Daily Financial Bull 3X shares (FAS) was up 1% and its bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) was down 0.5%.
Green Dot (GDOT) rose nearly 7% after it reported non-GAAP earnings per share of $0.59 for Q3, beating the consensus on Capital IQ for $0.43 and compared with the year earlier $0.34 a share. Non-GAAP revenue rose to $227.1 million from $199.9 million a year ago, while operating revenues were up 14% to $230.6 million. The Street was projecting $224 million in revenue. Green Dot raised its guidance for full-year total operating revenue to a range of $1.038 billion to $1.042 billion from $1.022 billion to $1.032 billion previously. Non-GAAP EPS is now seen at between $3.18 and $3.22 versus the previous range of $3.03 and $3.08. Analysts are looking for EPS of $3.08 with revenue of $1.03 billion.
Technology Select Sector SPDR ETF (XLK) was down 0.5% and other tech funds iShares Dow Jones US Technology ETF (IYW) and iShares S&P North American Technology ETF (IGM) were in the red.
Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) was up 0.5% and Semiconductor Sector Index Fund (SOXX) was down 0.1%.
Flowserve (FLS) rose nearly 11% after it reported adjusted EPS rose to $0.49 in Q3 from $0.37 a year earlier, beating analysts' estimates of $0.43 in a Capital IQ poll. Revenue rose to $952.72 million from $883.38 million a year ago, ahead of the $925.33 million estimate. For full-year 2018, the company now expects revenue to increase year-over-year in a range between 5% to 7%, and adjusted EPS of $1.65 to $1.75, from prior guidance of $1.50 to $1.70. The Street view is for EPS of $1.70 on revenue growth 6.4%.
Dow Jones US Energy Fund (IYE) was down 1.1% and Energy Select Sector SPDR (XLE) was down 1.1%.
Cheniere Energy (LNG) rose more than 6% after it reported Q3 earnings of $0.26 per share, compared with a loss of $1.24 per share in the same period a year ago. Analysts polled by CapIQ expected GAAP earnings of $0.24 per share. Total revenue of $1.82 billion was up from $1.40 billion in the same period a year ago and topped the Street projection of $1.61 billion.
Crude was down 1.3%. United States Oil Fund (USO) was down 0.9%. Natural gas was down 0.4% while United States Natural Gas Fund (UNG) was up 0.1%.
Gold was down 0.4%. SPDR Gold Trust (GLD) was down 0.2%. Silver was down 1.1%, while iShares Silver Trust (SLV) was down 0.8%.
Health Care SPDR (XLV) was down 0.1% and other health care funds including Vanguard Health Care ETF (VHT) and iShares Dow Jones U.S. Healthcare (IYH) were lower. Biotechnology fund iShares NASDAQ Biotechnology Index (IBB) was down 0.6%.
Talend (TLND) fell some 35% after it said late Wednesday a definitive agreement to acquire Stitch, paying $60 million in cash for the privately held self-service data integration company. Talend said the proposed transaction creates an entry into the cloud data warehousing market as well as providing a frictionless sales motion to land new cloud customers efficiently. "Talend is an ideal fit for Stitch," co-founder and CEO Jake Stein said in prepared remarks. "The move to the cloud and data-driven business is changing the integration market, bringing new users with different needs," later adding he believes Talend can "become the only vendor that can serve all levels of the market and all users of cloud analytics." The transaction remains subject to certain transaction adjustments and is expected to close before the end of the year, subject to customary closing conditions.