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ETF Preview: Major Funds Mixed; Financials Mostly Lower As Retail Gains

 December 23, 2010 09:04 AM
 

Active broad-market exchange-traded funds in Wednesday's regular session:


SPDR S&P 500 (SPY): +0.3%

iShares S&P 500 (IVV): +0.4%

PowerShares QQQ (QQQQ): -0.01%

iShares Russell 2000 (IWM): -0.03%

iShares Russell 1000 Growth (IWF): +0.1%

iShares MSCI Emerging Markets Index (EEM): +0.4%

United States Oil Fund (USO): +0.9%

SPDR Gold Shares (GLD): -0.2%

Select Financial Sector SPDRS (XLF): +1.1%

Top Pre-Market Volume Movers:

IWM, +0.2%

SPY, -0.04%

QQQQ, -0.1%

GDX, -0.8%

GLD, -0.3%

Winners and Losers

Major broad-market ETFs, including the SPY, DIA, IWM and others, are narrowly mixed. The actively traded Nasdaq-focused PowerShares QQQ (QQQQ) is down 0.1%.

Bullish and bearish broad-market ETFs are little changed, in line with other early indicators this morning. Investors readying for a flurry of economic data ahead of Friday's Christmas closing and consolidating the week's gains.

The Direxion Daily Small Cap Bull 3X (TNA) is up 0.2%, hovering near 74.37. Ultra QQQ (QLD) is thinly traded. Ultra S&P 500 (SSO) is up 0.04%, hovering near 48.03.

The Direxion Daily Small Cap Bear 3X (TZA) is down 0.4%, ranging between 15.31 and 15.24. Actively traded Proshares Ultrashort S&P 500 (SDS) is up 0.1%, ranging between 23.81 and 24, while Proshares UltraPro Short S&P 500 (SPXU) is thinly traded.

Financial -

Select Financial Sector SPDRs (XLF) is down 0.2%. The Direxion Financial Bull 3X fund (FAS) is down 0.7%; its bearish counterpart, FAZ, is up 0.7%. Among active issues: C, -0.4%; BAC, -0.8%; GS, -0.2%; IRE, -1.6%, AIB, -24.8%.

Allied Irish Banks (AIB) is dropping from 1.02 to a recent pre-market low of 0.91 on session-leading volume this morning following reports that the Irish government is seeking approval of a euro3.7 billion cash injection into the bank.


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Rich
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