ETF Preview: Broad-Market and Commodity Funds Ease After Strong Week
Active-volume exchange-traded funds in Thursday's regular session:
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SPDR S&P 500 (SPY): +0.8%
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iShares S&P 500 (IVV): +0.8%
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PowerShares QQQ (QQQQ): +0.4%
-
Select Financial Sector SPDRS (XLF): +0.1%
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iShares Russell 2000 (IWM): +0.9%
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iShares Russell 1000 Growth (IWF): +0.8%
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iShares MSCI Emerging Markets Index (EEM): +1.2%
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United States Oil Fund (USO): +2%
The top ETF volume movers in pre-market action this morning:
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SPY, +0.06%
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GLD, -0.7%
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QQQQ, -0.3%
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IWM, +0.1%
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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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