Exchange-traded funds tracking crude oil were among the best performers of a winning session Wednesday.
The new front-month July contract was on the rise, despite the Energy Department's latest inventory report, which showed builds across the board. Refineries, however, are behind schedule in the conversion of crude to gasoline, helping push the July crude contract up 45 cents to $65.96 a barrel. The Ultra Oil & Gas ProShares (DIG) ETF was adding $2.36, or 2.5%, to $96.43. The iShares Dow Jones U.S. Oil Equipment Index (IEZ) was rising $1.14, or 2.1%, to $56.38. The SPDR S&P Oil & Gas Equipment & Services (XES) ETF was recently up 62 cents, or 1.7%, to $36.29. The Oil Service HOLDRs (OIH) ETF gained $3.46, or 1.8%, to $171.91. ETFs tracking metals and mining were also among the day's winners. Gold was recently higher by $4.60 to $667.50 an ounce, and silver was tacking on 15 cents to $13.14 an ounce. The SPDR S&P Metals & Mining (XME) ETF was gaining $1.67, or 2.5%, to $66.33. The Market Vectors Gold Miners (GDX) ETF was higher by 75 cents, or 1.9%, to $39.61. The Market Vectors Steel (SLX) ETF was up $1.11, or 1.7%, to $65.53. The PowerShares DB Silver (DBS) ETF was adding 31 cents, or 1.2%, to $25.80. On the other hand, semiconductor-related ETFs were suffering at the hands of an analyst downgrade from J.P. Morgan. The firm cut its rating for Analog Devices (ADI) to neutral from overweight, after the chipmaker provided third-quarter guidance that fell short of expectations. The stock was recently falling $4.22, or 10%, to $36.20. The SPDR S&P Semiconductor (XSD) ETF eased 68 cents, or 1.3%, to $52.28. The Ultra Semiconductor ProShares (USD) ETF was shedding 86 cents, or 1.1%, at $80.37. The Semiconductor HOLDRs (SMH) ETF was recently down 31 cents, or 0.9%, to $36.98. The PowerShares Dynamic Semiconductors (PSI) ETF was lower by 15 cents, or 0.8%, at $19.05. The Broadband HOLDRs (BDH) ETF also slumped as holdings Motorola (MOT) and Qualcomm (QCOM) lost 1.2%. The ETF was down 5 cents, or 0.5%, to $16.70.>To order reprints of this article, click here: ReprintsTheStreet Premium Services For Personal Service: 877-471-2967
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 12,801.23 | 1,342.64 | 2,903.88 | 19.69 |
Oil *
117.67
|
|
DOWN
89.23 |
DOWN
9.31 |
DOWN
23.35 |
DOWN
0.78 |
10 Yr
1.97%
SPDR Gold
167.14
|
|
-0.69%
|
-0.69%
|
-0.80%
|
-3.81%
|
Data delayed 20 minutes |
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