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ETF Preview: Natural Gas Funds Remain Volatile After Price Drop, Oil Tops $74?
By: Midnight Trader   Friday, August 21, 2009 8:46 AM

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Active-volume exchange-traded funds in Thursday's regular session:

SPDR S&P 500 (SPY): +1%

iShares S&P 500 (IVV): +1%

PowerShares QQQ (QQQQ): +1.2%

Select Financial Sector SPDRS (XLF): +2.6%

iShares Russell 2000 (IWM): +1.1%

iShares Russell 1000 Growth (IWF): +1%

iShares MSCI Emerging Markets Index (EEM): +1.7%

United States Oil Fund (USO): -1.2%

Top-volume movers in this morning's pre-market session:

SPY, +0.5%

QQQQ, +0.3%

DIA, +0.4%

USO, +1.5%

SDS, -0.9%

Winners and Losers

Major market ETFs, including the SPY, DIA, UYG and others, are firmer. Stock futures are firmer but more consolidation may lie ahead for the broader stock market. Trading influences Friday will include a scheduled speech from Fed Chairman Ben Bernanke and housing market data at 10 a.m. ET. Stocks ended higher Thursday, helped by financial shares. European shares recovered to trade higher Friday.

The PowerShares QQQ (QQQQ), which tracks the technology-studded Nasdaq Composite, is up 0.3% this morning. Technology Select Sector SPDR (XLK) is flat.

Internet Infrastructure HOLDRs (IIH) and Internet Holders (HHH) should see increased upside interest closer to the bell. Within the internet sector, Salesforce.com (CRM) is continuing its evening upside this morning after it beat with Q2 results and hiked its 2010 guidance to above the Street view.

Select Financial Sector SPDRS (XLF) is up 0.4%. The Direxion Financial Bull 3X fund (FAS) is up 1.3%; its more actively traded bearish counterpart, FAZ, is down 1.3% at last check. Within the group, Citigroup (C) is atop the volume leaderboard on reports it is restarting talks to sell Bellsystem24, a Japanese call center company that Citi values at about $1.5 bln. AIG (AIG) is up 5% this morning, adding to a 21% rise recorded in Thursday's regular session and rebounding from a 2% decline in last night's after-hours.

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The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.
  
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