SPDR S&P 500 (SPY): -2.9%
iShares S&P 500 (IVV): -3%
PowerShares QQQ (QQQ): -2.6%
iShares Russell 2000 (IWM): -5%
iShares Russell 1000 Growth (IWF): -2.9%
iShares MSCI Emerging Markets Index (EEM): -2%
United States Oil Fund (USO): -2.5%
SPDR Gold Shares (GLD): +1.8%
Select Financial Sector SPDRS (XLF): -3.5%
Pre-Market Most Active:
Winners and Losers
Broad-market exchange-traded funds, including SPY, IWM, IVV and
others, are lower. Actively traded ETF PowerShares QQQ (QQQ) is down
Stock futures have extended losses throughout pre-market trading and
are now indicating an opening-bell start near 1% in negative territory.
Markets await Greek developments. A Capitol Hill appearance by the
Fed's Bernanke and U.S. factory orders data are due mid-morning.
Bank of America (BAC) is down 2.35% to a new 52-week low of $5.40 a
share this morning, hit by pressure including a new $5 per month charge
for debit card users, website problems, and sector-related selling due
to worries over European banks' exposure to Greece.
Also plumbing new depths are JP Morgan (JPM) and Citigroup (C),
following news that a federal housing insurance program may be forced to
deny bank claims for money lost in home loan foreclosures. According to
a report by Reuters, additional mortgage-related losses to banks could
total $13.5 billion.
JP Morgan is down 2.13% to a new 52-week low of $28.04, while
Citigroup is down 2.38% to a new 52-week low of $22.56 a share. Also
affected by the news is Wells Fargo (WFC) which has shed 1.86% at $22.75
Select Financial Sector SPDRs (XLF) is flat.