Utility-related exchange-traded funds were among the worst performers of Wednesday's market, sinking on the decline in some big names.
were all losing close to 2%.
Ultra Utilities ProShares
was shedding $2.67, or 3.1%, to $84.23.
iShares S&P Global Utilities
was declining $1.36 or 2.1%, to $62.87.
was off $2.08, or 1.4%, to $143.45.
Vanguard Utilities ETF
was losing $1.28, or 1.5%, to $84.52.
Funds tracking basic materials also were down. Copper futures were falling 6 cents to $3.39, and mining stocks for companies such as
were declining about 3%.
The Ultra Basic Materials ProShares
was losing $2.55, or 2.8%, to $89.86. The
SPDR S&P Metals & Mining
was declining $1.33, or 2%, to $65.18. The
iShares Dow Jones US Basic Materials
was off $1.03, or 1.4%, to $70.32.
Bundled securities tracking real estate also suffered, after the National Association of Realtors said it expected home sale prices to fall more than previously expected.
The iShares Dow Jones US Home Construction
was falling 63 cents, or 1.7%, to $36.05. The
Ultra Real Estate ProShares
was losing 39 cents, or 0.7%, to $59.87.
On the flip side, oil and natural gas funds were among the few winners Wednesday. The front-month crude contract was up 34 cents to $65.95, and natural gas futures were up 5 cents to $8.11. Both traded up after news broke that Turkish troops had crossed into northern Iraq in pursuit of Kurdish guerillas.
United States Natural Gas
was adding 42 cents, or 0.8%, to $52.87.
United States Oil
was tacking on 36 cents, or 0.8%, to $50.38. The
iPath Goldman Sachs Crude Oil Index
was edging up 28 cents, or 0.7%, to $36.87.