In Play
Global & sector ETF movers- Spain (EWP) continues to lead all global plays while Solar Power (TAN) leads all sectors in late trading; VIX volatility measures continue to lag
The Actively Traded Leading Global & Sector ETFs:
iShares Spain- EWP +7.50%, solar power- TAN +7.50%, oil HLDRS & oil services- OIH +6.50%, XES +6.25%, iShares Italy- EWI +6.0%, iShares France- EWQ +5.50%, coal- KOL +5.25%, iShares Australia- EWA +5.25%, energy- IEO +5.0%, XLE +5.0%, IYE +4.50%, steel- SLX +4.75%, ISE Revere natural gas index- FCG +4.50%, homebuilders & home construction- XHB +4.25%, ITB +4.50%, SPDRS metals & mining- XME +4.50%, iShares REITS & real estate- ICF +4.50%, IYR +4.25%
The Actively Traded Lagging Global & Sector ETFs:
VIX vol index- VXX -5.25%, VXZ -2.50%, US bonds/fixed income- TLT -1.75%, TLH -1.25%, TIP -0.75%, BND -0.50%, AGG -0.25%, gold miners- GLD -1.50%, US Dollar index- UUP -1.0%
Conferences and Shareholder/Analyst Meetings of Interest
Events of interest of interest for tomorrow, June 11, include:ISPH, NPSP, INHX, MYRX at Jefferies Global Life Sciences Conference; ANGN, NOA at Wall Street Analyst Forum Conference. Fed/Treasury: Fed's Plosser; Fed's Kocherlakota.
Earnings Calendar
Today after the close ARST, FNSR, and NSM are scheduled to report. Tomorrow no companies are scheduled to report. ¨
Stock indices push to new highs in unison -- Dow +269, S&P +30.6, Nasdaq +57
Massey Energy statement on Tiller Mine Ruling
Co released the following statement after an administrative law judge ruled that there is no pattern of violations that would lead to stricter regulation at Massey Energy's Tiller No. 1 Mine in Knox County, Virginia. Co stated "We are disappointed in the comments by MSHA. The agency has eliminated informal conferences designed to review citations; has criticized operators for filing appeals; and now complains that the appeals process should be stacked in its favor. Citations are judgment calls and even the most conscientious inspector can make the wrong judgment. Unfortunately, however, whether it's the tragedy at UBB or citations at the Tiller Mine, the current administration at MSHA clearly does not want its own conduct reviewed or questioned."
Dow edges up toward afternoon and morning highs at 10143/10150
Citigroup prices remarketing of 6% senior notes due 2013
Co announced today the successful remarketing of $1.875 bln aggregate principal amount of debt securities, representing the second of four series of debt securities required to be remarketed under the terms of Citi's Upper DECS Equity Units issued to the Abu Dhabi Investment Authority in December 2007. Pursuant to the agreements governing the Upper DECS Equity Units, the interest rate on this second series of remarketed debt was reset to 6%. The remarketing will settle on June 15, 2010.
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