ByWILL SWARTS
Financial stocks bucked a lagging trend in a jittery market, as investors looked to a string of quarterly earnings reports that promise to be bad, but perhaps not uniformly dismal. Goldman Sachs (GS) reports Tuesday, and exchange traded funds such as the SPDR Financial Select fund (XLF) were up ahead of the announcements. The Dow Jones Industrial Average slid 25 points at 8057. To see a complete rundown on Monday s trading session see our market story.
Winners
Financials once again surged, with the SPDR KBW Bank fund (KBE) closing up 7.2%, and the iShares Dow Jones U.S. Financial Services ETF (IYG) gaining 5.2%. The SPDR S&P Metals & Mining fund (XME) rose 3.2% on anticipation of global stimulus measures increasing commodity demand.
Losers
Crude dropped to $50 a barrel Monday, knocking shares of the iPath S&P GSCI Crude Oil Total Return fund (OIL) down 3.4%. The United States Oil fund (USO) slid 3.3%.
Monday s Industry Headlines
Barclays Global Investors, the manager of the iShares family of exchange-traded funds, said Lee Kranefuss will become chairman and that Mike Latham, who is based in San Francisco, and Rory Tobin in London will become co-CEOs once the $4.4 billion buyout deal with CVC Capital Partners is finalized.
Tuesday s Notebook
Earnings and Conference Calls
AmeriServe, Commerce Bancshares, CSX, Goldman Sachs, Intel, Johnson & Johnson, Levi Strauss, W.W. Grainger
Economic Data
7:45 a.m. ICSC Chain Store Sales
8:30 a.m. March Producer Price Index
8:30 a.m. March Producer Price Index, ex-food and energy
8:30 a.m. March Retail Sales
8:30 a.m. March Retail Sales, ex-autos
8:55 a.m. Redbook Retail Sales
10:00 a.m. Feb. Business Inventories
4:30 p.m. API Oil Industry Report
5:00 p.m. ABC/Washington Post Consumer Confidence
A look at how the industry's most popular ETFs did on Monday:
| Symbol | Net Assets | Price | 52 Week High | 52 Week Low | Volume |
|---|---|---|---|---|---|
| SPY | 62,704 | 85.83 | 142.85 | 68.13 | 222,068,209 |
| EFA | 23,224 | 40.71 | 78.53 | 32.16 | 21,061,348 |
| EEM | 17,026 | 28.12 | 51.72 | 19.12 | 52,246,265 |
| GLD | NA | 87.88 | 97.24 | 70.14 | 7,208,637 |
| IVV | 12,951 | 86.1 | 143.08 | 68.24 | 4,021,119 |
| QQQQ | 10,264 | 32.89 | 50.58 | 25.51 | 118,852,398 |
| IWF | 7,987 | 37.61 | 60.06 | 30.49 | 4,238,348 |
| SHY | 7,281 | 83.98 | 85 | 82.11 | 664,792 |
| VTI | 7,626 | 42.93 | 71.09 | 33.75 | 3,068,660 |
| IWD | 5,831 | 44.63 | 78.53 | 34.22 | 2,957,093 |



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