Mixed Market Finish Leaves ETFs Uneven

Investors on Monday tried to shake off the body blow of the huge stock selloff that ended last week, but to an uneven effect. Manufacturing data helped boost indexes in early trading, but the rally for stocks and exchange-traded funds largely fizzled at midday.

The Dow Jones Industrial Average closed up 77 points at 9789, buoyed by good news in the latest reading of the Institute for Supply Management's manufacturing index. The Nasdaq eked out a gain of 4 at 2049 and the S&P 500 was up 7 at 1043.

"The equity rally started to feel its age in the past two weeks and indices have fallen back on a combination of slightly disappointing economic and earnings data," said David Shairp, of J.P. Morgan Asset Management. "The coming weeks will thus be important to see if this pullback is more than just month-end exhaustion."

Asian stocks fell sharply after the losses in U.S. markets Friday. European stock markets rose modestly after a report showed manufacturing activity in Europe increased for the first time in a year and a half.

Crude-oil futures rebounded on the Nymex. As of 4:04 p.m., front-month contracts were up 90 cents to $77.90 a barrel.

For a detailed rundown on Monday’s trading session see our market story.

A boost to commodities pushed the Rogers International Commodity Index Agriculture Total Return (RJA) up 2.8%. A strong showing in Asian markets added 2.5% to shares of the iShares FTSE/Xinhua China 25 Index fund (FXI).

A 19-cent drop in natural gas on the futures market pushed shares of the United States Natural Gas fund (UNG) down 3.0%. A tepid performance for gold left the mining-heavy iShares MSCI South Africa Index fund (EZA) down 1.6%.

Data Point
Exchange-traded fund blogger Ron Rowland of InvestWithAnEdge.com tallied up the product launches and found that 11 new ETFs and one new exchange-traded note were launched in October, and no products were delisted. According to his count, there were 880 active listings of ETF products at the end of October: 796 ETFs and 84 ETNs. They traded a total value of shares of $1.567 trillion for the month, a surge of 19% from the $1.312 trillion of September. ETF volume averaged 1.59 billion shares daily. Trading in the SPDR S&P 500 (SPY) averaged $21.7 billion daily, accounting for more than 30% of all ETF value traded.

Launching Pad
Bond fund manager PIMCO, launched a pair of exchange-traded funds focused on medium and long-term Treasury bonds. The PIMCO 3-7 Year U.S. Treasury Index Fund (FIVZ) and PIMCO 25+ Year Zero Coupon U.S. Treasury Index Fund (ZROZ) began trading today, the firm reported. PIMCO already has ETFs for the 1-3 year and 7-15 year ranges, which charge annual fees of 0.2%.

Earnings and Conference Calls
Acorda Therapeutics, AGA Medical Holdings, Allis-Chalmers Energy, Allos Therapeutics, Alpha Natural Resources, American Capital, American Tower, AmeriSourceBergen, Archer Daniels Midland, Atlas Pipeline Partners, Belo, Big 5 Sporting Goods, BigBand Networks, Bill Barrett, Bio-Rad Laboratories, Blackboard, Blount International, Boise, Broadridge Financial Solutions, Buckeye Technologies, Cablevision Systems, Cambrex, Cameron, Catalyst Health Solutions, Catalyst Paper, CBL & Associates Properties, Charles River Laboratories International, Church & Dwight Co., Cimarex Energy, Clarient, Cognizant Technology Solutions, Comfort Systems USA, Constellation Software, Con-Way, CorVel, Crown Castle International, Crucell, Cumulus Media, Cyclacel Pharmaceuticals, Dana Holding, DaVita, Diebold, Digital River, Discovery Communications, D-Link, Dolby Laboratories, Douglas Emmett, Duane Reade, Dundee Real Estate Investment Trust, DXP Enterprises, Edgar Online, Emerson Electric, Energizer, Enzon Pharmaceuticals, Evolving Systems, EXCO Resources, Expeditors International WA, Federal Signal, FEI, FelCor Lodging Trust, FirstService, Flagstar Bancorp, Franklin Street Properties, Fresenius Medical Care, Frontier Communications, Gaylord Entertainment, Genesee & Wyoming, Getty Realty, Glatfelter, Grand Canyon Education, Great Lakes Dredge & Dock, Harte-Hanks, Hartford Financial Services, HCC Insurance Holdings, HCP, Health Net, Heartland Payment Systems, Hudson Highland Group, Hypercom, I.D. Systems, Impax Laboratories, InfoUSA, InfoVista, IntercontinentalExchange, IPG Photonics, ISTA Pharmaceuticals, J&J Snack Foods, Jack Henry & Associates, James River Coal, John Bean Technologies, Kenexa, Kenneth Cole, Kforce, Killam Properties, Kraft Foods, Louisiana-Pacific, Lydall, Magellan Midstream Partners, Mannatech, Marathon Oil, Martin Marietta Materials, Marvel Entertainment, MasterCard, Matrix Service, Maxwell Technologies, Medco Health Solutions, Mediware Information Systems, Metro Group, Millar Western Forest Products, Morguard, Myriad Genetics, National Financial Partners, National Research, NCC, NCI, Ness Technologies, NetLogic Microsystems, New York Mortgage Trust, North American Energy Partners, Northgate Minerals, NW Natural, Och-Ziff Capital Management Group, Oil States International, Onyx Pharmaceuticals, Orient-Express Hotels, Oshkosh, Pacer International, Papa Johns International, Parker Drilling, PC Mall, Perot Systems, PetroQuest Energy, Pinnacle Airlines, Pioneer Natural Resources, Pioneer Southwest Energy Partners, Pitney Bowes, PMA Capital, PokerTek, Polo Ralph Lauren, Poniard Pharmaceuticals, PRG-Schultz International, Quality Distribution, Quest Software, Radware, RCN Corporation, Ritchie Bros. Auctioneers, Rock-Tenn, Rockwell Collins, Rowan, Royal Caribbean Cruises, RTI International Metals, Senior Housing Properties Trust, Solera Holdings, Sotheby's, Steven Madden, Stone Energy, Swift Energy, Swiss Reinsurance, Symmetricom, Talisman Energy, Tecnocom, Tenet Healthcare, Teva Pharmaceutical, Phoenix Companies, St. Joe, TreeHouse Foods, True Religion Apparel, UBS, Unum Group, Viacom, Vivus, Vornado Realty Trust, Web.com, WebMD Health, West Pharmaceutical Services, Westlake Chemical, World Fuel Services, ZipRealty

Economic Data
FOMC Meeting Begins
7:45 a.m. ICSC-Goldman Store Sales
8:55 a.m. Redbook
10:00 a.m. Factory Orders