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

SPDR S&P 500 (SPY): +1.4%

iShares S&P 500 (IVV): +1.4%

PowerShares QQQ (QQQQ): +2.2%

Select Financial Sector SPDRS (XLF): +1.1%

iShares Russell 2000 (IWM): +1.4%

iShares Russell 1000 Growth (IWF): +1.4%

iShares MSCI Emerging Markets Index (EEM): +1.9%

United States Oil Fund (USO): -0.5%

The top ETF volume movers in pre-market action this morning:

SPY, +0.8%

QQQQ, +0.7%

GLD, +1%

IWM, +1%

FAZ, -3.7%

Winners and Losers

Major market ETFs, including the SPY, DIA, UYG and others, are firmer in step with broader futures trading. Wall Street is eyeing Kraft Foods' (KFT) $16.7 billion unsolicited bid for Cadbury. A Group of 20 leadership pledge to continue global economic stimulus is also lifting the mood.

The PowerShares QQQ (QQQQ), which tracks the technology-studded Nasdaq Composite, is up 0.7% this morning.

Technology Select Sector SPDR (XLK) hasn't recorded early trades. iShares U.S. Technology (IYW) should see increased interest closer to the opening bell. iShares S&P North American Technology Semiconductor (IGW) and Semiconductor HOLDRs (SMH) could see increased upside interest closer to the bell. Morgan Stanley changed its tech sector view this morning, according to a report on
MarketWatch. The analyst in general is upgrading systems and PC hardware to
Attractive from In Line but is downgrading software to In Line vs Attractive.

Select Financial Sector SPDRS (XLF) is up 1.3%. The Direxion Financial Bull 3X fund (FAS) is up 3.4%; its bearish counterpart, FAZ, is down 3.3%. Most major banking shares are firmer. AIG (AIG) is slipping after the stock was reportedly downgraded by Credit Suisse to Underperform from Neutral. Separately, Chinatrust Financial, a Taiwan-based firm, offered $2.4 bln for AIG's Taiwan Nan Shan Life unit, according to a Reuters report.

Industrial Select Sector SPDR (XLI) and iShares Dow Jones US Industrial (IYG) are likely in store for gains as the broader market improves and after an analyst upgrade for GE. GE is recording a strong upside move after the stock is upgraded by JPMorgan to Overweight from Neutral.

Commodities -

October crude oil is up $1.77 at $69.79 a barrel. United States Oil Fund (USO) is up 2.9%. Nat gas futures are down $0.03 at $2.702 per mln BTU. U.S. Natural Gas (UNG) however is up 2.6%.

ETF Power Play -

Gold futures cleared the psychologically important level of $1,000 an ounce on Tuesday, propelled by weakness in the U.S. dollar. The greenback is carving out fresh 2009 lows against several currencies and the dollar index fell 1.2% to 77.218. The dollar is falling as investors go after the rewards of riskier currencies.

December gold was last up $11, or 1% on Globex. It's the first time gold is above $1,000 since February. December gold advanced 4% last week after some consolidation near $950 has apparently given the rally new life, by some analyst accounts.

In other trading, silver and copper futures are up 3%.

SPDR Gold Shares (GLD) is up 0.8%. The Market Vectors Gold Miners fund (GDX) is up 2.6%. iShares Silver Trust (SLV) is up 2.5%.