Overseas-related exchange-traded funds were among the best performers of the week as Asia's markets were higher.
The iShares FTSE/Xinhua China 25 Index (FXI Quote) advanced 6.9% to $180.10, and the PowerShares Golden Dragon Halter USX China (PGJ Quote) gained 6.4% to $33.28. The SPDR S&P China (GXC Quote) ETF added 6% to close at $93.89. Precious metals-related ETFs were also higher over the five sessions. The iShares Silver Trust (SLV Quote) ETF added 1.8% to $136.58. The streetTRACKS Gold Shares (GLD Quote) ETF finished up 1.6% to $73.49. The iShares Comex Gold Trust (IAU Quote) ETF rose 1.5% to $73.54. On the flipside, ETFs tracking the homebuilding sector were among the worst performers of the week, saddled by negative economic and earnings data. During Tuesday's session, the National Association of Realtors said that existing-home fell 4.3% in August to 5.50 million annualized units, the lowest in five years. Additionally, Lennar (LEN Quote) said third-quarter revenue plummeted to $2.34 billion from $4.18 billion a year ago, falling short of consensus estimates. KB Home (KBH Quote) also posted a hefty loss from continuing operations. On Thursday, the Census Bureau said new-home sales data fell 8.3% in August to 795,000 annualized units. Economists had anticipated a 5.2% decline. There was a net downward revision of 34,000 homes to the previous three months. The iShares Dow Jones U.S. Home Construction (ITB Quote) ETF tumbled 10.8% to $19.92. The SPDR S&P Homebuilders (XHB Quote) ETF lost 8% to $21.42.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,322.70 | 1,097.31 | 2,182.48 | 35.04 |
Oil *
73.23
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DOWN
118.42
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11.87
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DOWN
24.43
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DOWN
0.92
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10 Yr
3.50%
SPDR Gold
108.51
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-1.13%
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-1.07%
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-1.11%
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-2.56%
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