Bundled securities tracking energy were among the top performers Wednesday, as oil moved higher following the weekly inventory reports. The Energy Department said that crude stocks rose by 1.3 million barrels last week, gasoline stores fell by 3.7 million barrels, and distillate inventories tumbled by 3.6 million barrels.
Oil Services HOLDRs
(OIH) ETF was rising by 2.8% to $142.06. The
SPDR Oil & Gas Equipment Services
(XES) was gaining 2.4% to $30.01, and the
iShares Dow Jones U.S. Oil & Gas Exploration Index
(IEO) ETF was higher by 2.3% to $49.70. The
PowerShares Dynamic Energy Exploration
(PXE) ETF was adding 1.6% to $19.16.
Elsewhere, mining-related ETFs were also stronger. The
Market Vectors Gold Miners
(GDX) ETF was gaining 1.6% to $39.01. The
SPDR Metals & Mining
(XME) ETF was higher by 1.5% to $48.28.
B2B Internet HOLDRs
(BHH) ETF was gaining 2.3% as holding
(CKFR) was up 1.9%. The ETF was tacking on 5 cents to $2.19.
On the flipside, the
exchange-traded fund slid as major holding
(T - Get Report)
fell nearly 3%.
Hawaiian Senator Daniel Inouye said late Tuesday he would welcome a delay to regulatory approval of AT&T's acquisition of
. The Telecom HOLDRs was down 64 cents, or 1.9%, to $32.90.
Other telecom-related ETFs were lower, as well. The
iShares Dow Jones U.S. Telecom
ETF was losing 35 cents, or 1.3%, to $28.04. The
Vanguard Telecom Services
ETF was lower by 56 cents, or 0.8%, to $70.30.