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ETF Preview: Bank Shares, Funds Dominate After Positive Goldman Note
By: Midnight Trader   Monday, October 05, 2009 8:44 AM

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


SPDR S&P 500 (SPY): -0.5%

iShares S&P 500 (IVV): -0.5%

PowerShares QQQ (QQQQ): -0.3%

Select Financial Sector SPDRS (XLF): flat

iShares Russell 2000 (IWM): -0.8%

iShares Russell 1000 Growth (IWF): -0.3%

iShares MSCI Emerging Markets Index (EEM): flat

United States Oil Fund (USO): -1%

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


QQQQ, +0.8%

SPY, +0.7%

FAZ, -3.2%

SSO, +1.5%

UYG, +2.2%

Winners and Losers


Major market ETFs, including the SPY, DIA, UYG and others, are mostly firmer as the broader stock market looks to snap back, at least modestly, from Friday's sharp declines. Service-sector data are due out at 10 a.m. ET. The PowerShares QQQ (QQQQ), which tracks the technology-studded Nasdaq Composite, is up 0.7% this morning. The fund closed in oversold territory above the 200-day moving average Friday.

Technology Select Sector SPDR (XLK) is flat. 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 interest closer to the bell. Brocade (BRCD) is gaining following a WSJ report that the company has quietly put itself up for sale. Hewlett-Packard (HPQ) is among the companies looking at Brocade, and Oracle (ORCL) may also be be examining a purchase, the paper said. Trident Microsystems (TRID) and NXP Semiconductors announced that they have signed a definitive agreement whereby Trident will acquire NXP's television systems and set-top box business lines.

Commodities -


Oil futures continue to drift below $70 a barrel. November futures were last down $0.73 at $69.22.

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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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