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ETF Preview: Broad-Market and Commodity Funds Ease After Strong Week
By: Midnight Trader   Friday, October 09, 2009 8:50 AM

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

  • SPDR S&P 500 (SPY): +0.8%
  • iShares S&P 500 (IVV): +0.8%
  • PowerShares QQQ (QQQQ): +0.4%
  • Select Financial Sector SPDRS (XLF): +0.1%
  • iShares Russell 2000 (IWM): +0.9%
  • iShares Russell 1000 Growth (IWF): +0.8%
  • iShares MSCI Emerging Markets Index (EEM): +1.2%
  • United States Oil Fund (USO): +2%

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

  • SPY, +0.06%
  • GLD, -0.7%
  • QQQQ, -0.3%
  • IWM, +0.1%
  • SDS, -0.1%


Winners and Losers


Major market ETFs, including the SPY, DIA, UYG and others, are lower. The Nasdaq and S&P 500 have gained over four straight sessions and the Dow Jones Industrial Average has advanced in three of four days. Stocks gained in part on Thursday as the ECB and Bank of England left interest rates at accommodative levels, not following the move of Australia, which raised rates. But U.S. Federal Reserve Chairman Ben Bernanke said late Thursday the Fed will reverse course and tighten policy when the economic outlook improves sufficiently.

The PowerShares QQQ (QQQQ), which tracks the technology-studded Nasdaq Composite, is down 0.4%. Technology Select Sector SPDR (XLK) is down 0.4%. 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.

Select Financial Sector SPDRS (XLF) is down 0.5%. The Direxion Financial Bull 3X fund (FAS) is down 0.9%; its bearish counterpart, FAZ, is up 1%.


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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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