Energy-related exchange-traded funds were among the top performers Monday, as the threat of a strike in Nigeria had oil and gas futures moving higher.
The front-month crude contract was up 56 cents to $68.56 a barrel, and gasoline was adding less than a penny at $2.26 a gallon.
iPath S&P Crude Oil Index
(OIL) was higher by 31 cents, or 0.7%, to $38.20. The
United States Oil
(USO) added 52 cents, or 0.7%, to $52.05. The
PowerShares Dynamic Energy Exploration
(PXE) was rising 27 cents, or 0.9%, to $24.17. The
SPDR S&P Oil & Gas Exploration & Production
(XOP) ETF was adding 37 cents, or 0.8%, to $48.98.
B2B Internet HOLDRs
(BHH) also was on the rise. Holding
(CKFR) added 2%, and the ETF was recently higher by 2 cents, or 0.9%, to $2.38.
On the losing side, several biotech-related bundled securities were pressured by a 45% drop in shares of
. On Friday, the Food and Drug Administration refused to approve the company's treatment for pulmonary arterial hypertension, Thelin.
SPDR S&P Biotech
was lower by 71 cents, or 1.5%, to $52.69. The
PowerShares Dynamic Biotech & Genome
ETF was down 20 cents, or 1.2%, to $18.84. The
iShares Nasdaq Biotechnology
was recently losing 57 cents, or 0.9%, to $80.72.
Utility-related ETFs were also among the losers of the session. Among individual names,
American Electric Power
fell by 1% or more.
Ultra Utilities ProShares
was falling by $1.32, or 1.5%, to $84.50. The
was off 79 cents, or 0.7%, to $144.61. The
Vanguard Utilities ETF
eased 44 cents, or 0.7%, to $84.89.