Wednesday's ETF Winners & Losers
The broad-based rally in stocks was spilling over into the exchange-traded fund market Wednesday, and most sectors were in positive territory.
As February-dated gold bullion contracts rose $3.40 to $630.30 an ounce, ETFs tracking the gold market advanced, as well. The Market Vectors Gold Miners ETF (GDX) was gaining 1.5% to $39.61, and the streetTracks Gold Shares (GLD) was up 0.5% to $62.28.
Following word that the pace of new U.S. home sales was picking up, the SPDR Homebuilders ETF (XHB) tacked on 1.4% to $37.25.
Despite another drop in crude oil futures, the Oil Service HOLDRs (OIH) overcame the pullback and rose 0.7% to $140.97. The PowerShares Dynamic Oil Services Portfolio (PXJ) was higher by 0.9% to $20.03.
Among the few losers were the UltraShort MidCap400 ProShares (MZZ), down 1.6%; the UltraShort S&P 500 ProShares (SDS), off 1.4%; and the UltraShort Dow 30 ProShares (DXD), lower by 1.3%. Turning to widely held ETFs, the SPDRs (SPY) gained 0.7% to $142.52, the Dow Diamonds (DIA) rose 0.8% to $124.91, and the Nasdaq 100 Tracking Stock (QQQQ) was ahead by 0.6% at $43.39.Select the service that is right for you!
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