Active-volume exchange-traded funds in Thursday's regular session:

SPDR S&P 500 (SPY): -5.5%

PowerShares QQQ (QQQQ): -4.5%

Select Financial Sector SPDRS (XLF): -6.9%

Ultra Financials ProShares (UYG): -14.5%

IShares Russell 2000 (IWM): -3.9%

iShares MSCI EAFE (EFA): -6.5%

SPDR Gold (GLD): +0.2%

iShares MSCI Emerging Markets Index (EEM): -5%

SPDR S&P Retail (XRT): -0.9%

United States Oil Fund (USO): -6.8%

Active-volume extended-hours movers:

SPY, +0.7%

QQQQ, +1.3%

IWM, +1.1%

SSO, +1.1%

SDS, -1.5%

MARKET SUMMARY

Winners and Losers –

At last check, broad ETFs like the SPY, QQQQ and DIA were steady to up about 1%.

Stock futures were knocked back initially but are holding up relatively well near the unchanged mark after a weak employment report hit. Though the numbers were worse than economists expected, Wall Street appeared to have braced for a dire report and sharp losses this week may have already reflected those bets.

The unemployment rate jumped to a 14-year high of 6.5% in October as nearly a quarter million jobs were lost. U.S. nonfarm payrolls fell by 240,000 in October following a revised decline of 284,000 in September, which was the largest job loss in seven years. Economists thought the jobless rate would rise to 6.3% from 6.1% in September, and looked for job losses of around 210,000 in October. Even the 240,000 drop wasn't at the lowest end of the estimate range.

The Financial Select SPDR (XLF) is up about 1.3%. AIG is jumping 17% this morning and leading financials generally higher. AIG is the subject of several media reports this morning saying the company's loan terms may be reworked.

Commodities -

Oil sold off Thursday over concerns that an economic slowdown would hurt demand; it hit a 19-month intraday low near $61 a barrel. This morning front-month crude futures bounced and are up $1.39 at $62.16 a barrel at last check. The US Oil Fund (USO) is up 0.8%. PowerShares DB Crude (DXO) is up 2.6%.

ETF Powerplay -

Investors should consider the Ultra Financials Proshares (UYG). The actively traded and volatile ETF has dropped sharply over the last few sessions and is again not far from it's closing lows in the mid-$7s at its current price of $8.

While it was up a bit in pre-market trading, investors may want to look for entry prices in the mid-$7 range in today's regular session.

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