ETFs tracking homebuilders were the weakest performers Wednesday after the National Association of Realtors said existing homes sold at a 6.33 million annual clip last month. That was down 4.1% from 6.62 million a month earlier. Following the report, the Philadelphia Housing Sector Index was falling by 1.3%.
The iShares Dow Jones U.S. Home Construction(ITB Quote) ETF was losing 85 cents, or 2.4%, to $34.31. The SPDR Homebuilders(XHB Quote) ETF was giving back 67 cents, or 2.2%, to $30.50, and the PowerShares Dynamic Building & Construction(PKB Quote) ETF was recently down 26 cents, or 1.8%, to $14.46. ETFs related to crude and energy were also among the day's biggest decliners. Crude oil for October delivery dropped after the Energy Department said U.S. crude inventories fell by a smaller-than-expected 600,000 barrels. Meanwhile, gasoline inventories unexpectedly rose by 400,000 barrels. The Energy Select Sector SPDR(XLE Quote) ETF sank 1.6% to $57.34, the PowerShares Dynamic Energy Exploration(PXE Quote) ETF was recently lower by 1.4% to $19.27, and the iShares Dow Jones U.S. Oil Equipment Index(IEZ Quote) ETF slid 1.4% to $44.90. After National Semiconductor(NSM Quote) cut its quarterly sales forecast late Tuesday, semiconductor-tracking ETFs fell. The PowerShares Dynamic Semiconductors(PSI Quote) ETF was off 10 cents, or 0.6% to $16.14, and the SPDR Semiconductor(XSD Quote) ETF were recently lower by 25 cents, or 0.5% to $45.44. Meanwhile, the iShares Silver Trust(SLV Quote) ETF was Wednesday's biggest winner, recently gaining $2.17, or 1.8%, to $125.12, as the price of silver climbed. The PowerShares Lux Nanotech(PXN Quote) ETF was another of the gainers, thanks to a 9.6% rise in major holding NVE Corp.(NVEC Quote). The ETF was higher by 9 cents, or 0.5%, to $17.04.- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,285.97 | 1,091.93 | 2,172.99 | 33.92 |
Oil *
75.40
|
|
DOWN
104.14
|
DOWN
11.32
|
DOWN
16.62
|
DOWN
0.56
|
10 Yr
3.39%
SPDR Gold
110.95
|
|
-1.00%
|
-1.03%
|
-0.76%
|
-1.62%
|
Data delayed 20 minutes |














