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ETF Preview: ETFs, Futures Weaker Ahead of ISM Nonmanufacturing Data

Active broad-market exchange-traded funds in Friday's regular session:

SPDR S&P 500 ( SPY ): +0.18%

iShares S&P 500 ( IVV ): +0.17%

PowerShares QQQ ( QQQ ): +0.56%

iShares Russell 2000 ( IWM ): +0.07%

iShares Russell 1000 Growth ( IWF ): +0.34%

iShares MSCI Emerging Markets Index (EEM): -0.05%

United States Oil Fund (USO): -0.86%

SPDR Gold Shares (GLD): -0.21%

Select Financial Sector SPDRS (XLF): -0.05%

Pre-Market Most Active:

SPY, -0.19%

EEM, -0.40%

EWJ, flat

VXX, -0.56%

GDX, +0.16%

Broad Market Indicators

Broad-market exchange-traded funds, including SPY, IWM, IVV and others, are modestly firmer. Actively traded PowerShares QQQ ( QQQ ) is down 0.04%.

U.S. stock futures are pointing to a weaker open ahead of the ISM non-manufacturing index for July, to be reported at 10 a.m. ET. The earnings season is beginning to wind down, but stocks moving following earnings reports include Tyson Foods (TSN), HSBC (HBC) and Berkshire Hathaway (BRK.A). Looking ahead for the rest of the week, investors are focused on several speeches from members of the Federal Reserve, with Dallas Fed President Richard Fisher due to speak this afternoon while Chicago Fed President Charles Evans scheduled to speak on Tuesday.

Financial -

Select Financial Sector SPDRs (XLF) is down 0.19%. Direxion Daily Financial Bull 3X shares (FAS) is down 68%. Its bearish counterpart, FAZ, is flat.

Among financial stocks, HSBC (HBC) is down 5.30% after it said net profit for the first half was $10.28 billion, compared with $8.44 billion in the first half of 2012. Revenue fell 7% to $34.4 billion.

Technology -

Tech ETFs 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) are leaning higher.

Semiconductor ETFs, SPDR S&P Semiconductor (XSD) and Semiconductor Sector Index Fund (SOXX) look to open in the green.

SPDR S&P International Technology Sector ETF (IPK) is headed for a flat to higher open.

In sector news, Canadian Solar Inc. (CSIQ) is up 4.18% after it said its Canadian Solar Solutions unit has agreed to sell five utility-scale solar power plants to a Concord Pacific affiliate in a transaction worth $277 million. Under the agreement, the plants, located in Chesterville, Pefferlaw, Springwater, Sudbury and Wyebridge, Ontario, Canada, are expected to start construction during 2013 and 2014 with commercial operation expected in 2014. The shares are trading in a 52-week range of $1.95 - $15.10.

Energy -

Dow Jones U.S. Energy Fund (IYE) and Energy Select Sector SPDR (XLE) are heading for a firmer start.

In sector news, Resolute Energy (REN) reported Q2 GAAP earnings of $0.14 per share, versus the Capital IQ GAAP consensus of $0.04. Revenues were $89.1 million, versus the analyst estimate of $91.3 million. In the same period last year, the company reported EPS of $0.37 on revenues of $55.3 million. Production for the quarter increased 39% to 1,193 MBoe as compared to 858 MBoe during the same quarter of 2012. Shares closed at $8.71 with a 52-week range of $7.41 - $11.56.

Commodities -

September crude is down 0.96%; September natural gas is down 0.87%. United States Oil Fund (USO) is down 0.76%. United States Natural Gas Fund (UNG) is down 0.68%.

December gold is down 0.37% and silver for September delivery is down 1.20%. Among rare metal funds, SPDR Gold Trust (GLD) is down 0.28%; iShares Silver Trust (SLV) is down 1.15%.

Healthcare -

Healthcare ETFs Health Care SPDR (XLV), Vanguard Health Care ETF (VHT), and iShares Dow Jones US Healthcare (IYH) are pointing to a negative start. Biotech ETF iShares NASDAQ Biotechnology Index (IBB) is also pointing lower.

In corporate news, Curis (CRIS) reported a Q2 net loss of $1.3 million, or $0.02 per share as compared to a net loss of $2.9 million or ($0.04) per share on both a basic and fully diluted basis for the same period in 2012. Revenues for Q2 2013 were $5.4 million, as compared to $4.4 million for the same period in 2012. Analyst estimates were not available. The company currently anticipates that it will end 2013 with cash, cash equivalents and investments of $49 million to $54 million, which includes the $6 million milestone payment that Curis earned in July 2013 related to the conditional approval of Erivedge in the European Union.

Power Play -

Consumer -

Consumer ETFs Consumer Staples Select Sector SPDR (XLP), iShares Dow Jones US Consumer Goods (IYK), and Vanguard Consumer Staples ETF (VDC) are pointing to a higher start.

In sector news, Tyson Foods (TSN) shares are up 3.3%, marking a new 52-week high in pre-market trade as it reports Q3 earnings of $0.69 per share, versus the Capital IQ consensus of $0.59. Revenues were $8.73 billion, versus the analyst estimate of $8.64 billion. In the same period last year, the company reported EPS of $0.22 on revenues of $8.26 billion.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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