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

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

PowerShares QQQ (QQQQ): +0.4%

Select Financial Sector SPDRS (XLF): +3%

iShares Russell 2000 (IWM): +1.4%

iShares Russell 1000 Growth (IWF): +1%

iShares MSCI Emerging Markets Index (EEM): +0.8%

United States Oil Fund (USO): +0.3%

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

SPY, +0.4%

QQQQ, +0.5%

GLD, +0.1%

FAZ, -0.7%

SDS, -0.5%

Winners and Losers

Major market ETFs, including the SPY, DIA, UYG and others, are narrowly mixed, with most pointing just higher. The broader stock market continues to consolidate as a week of mixed trading comes to a wrap and earnings news continues to flow. Improved earnings are being weighed against the fact that sharp stock market gains may already reflect the improving picture among companies and the economy. The PowerShares QQQ (QQQQ), which tracks the technology-studded Nasdaq Composite, is up 0.4%.

Major banking and brokerage shares are mostly higher. Select Financial Sector SPDRS (XLF) is flat. The Direxion Financial Bull 3X fund (FAS) is up 0.8%; its bearish counterpart, FAZ, is down 0.7% and among the most active movers on Nasdaq.

Technology Select Sector SPDR (XLK) is flat but expected to gain following an evening upside. 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. Internet HOLDRs (HHH) is seeing limited early action.

Amazon.com (AMZN) is up nearly 15% and among the morning volume leaders after it shattered Street estimates with its latest quarterly results. It has pulled back from earlier highs.

AMZN said late Thursday it saw a 69% surge in Q3 profit, helped by sales of the Kindle e-reader. Revenue overall grew 28% to $5.45 billion.

Microsoft (MSFT) is slated to report its Q1 results this morning.