Exchange-traded funds tracking the retail sector were among the best performers of Wednesday's session, courtesy of a jump in
The home improvement retailer added nearly 7% after extending its stock buyback plan by $22.5 billion. Elsewhere, the world's largest retailer,
(WMT), said it will open 1,000 MoneyCenters, which will offer low-cost check cashing, money orders, bill payment and money transfers, in its stores by the end of next year.
(RTH) was adding $1.59, or 1.5%, to $106.63. The
Consumer Staples Select Sector SPDR
(XLP) tacked on 15 cents, or 0.6%, to $27.30. The
PowerShares Dynamic Retail
(PMR) was higher by 10 cents, or 0.5%, to $20.09.
(BDH) was gaining ground, as holding
(QCOM) rose 2.9%, and
(ALU) gained nearly 2%. The ETF was recently up 20 cents, or 1.2%, to $16.32.
was also higher thanks to gains in two of its largest holdings.
was up 3%, and
was rising 1.3%. The ETF was gaining 62 cents, or 1%, to $61.11.
On the other hand, energy-related ETFs were the biggest losers, as the latest read on crude and gasoline stocks had oil and gas prices moving lower.
The Energy Department's weekly inventory report showed a greater-than-expected gain of 6.9 million barrels in crude inventories. Gasoline stocks rose 1.8 million barrels last week, and distillate stocks rose by only 100,000 barrels. The front-month July crude contract was losing $1.46 to $67.64 a barrel, and gasoline was down 5 cents at $2.18 a gallon.
Ultra Oil & Gas ProShares
ETF was falling by $3.62, or 3.5%, to $99.32. The
iPath S&P Crude Oil Index
was down 83 cents, or 2.2%, to $37.52. The
PowerShares Dynamic Energy Exploration
lost 50 cents, or 2.3%, to $23.61. The
United States Oil
ETF was lower by $1.19, or 2.2%, to $50.93.
B2B Internet HOLDRs
was also among the worst performers Wednesday. Holding
eased by more than 1%, and the ETF was recently down 3 cents, or 1.3%, to $2.35.