Exchanged-traded funds related to the oil sector were among the few winners of a losing session Friday, as crude prices were on the march.
The front-month September crude contract was up $1.20 at $76.15 a barrel. The iPath S&P GSCI Crude Oil Index (OIL Quote) was adding 46 cents, or 1.1%, to $41.76. The United States Oil (USO Quote) ETF was up 71 cents, or 1.3%, to $56.93. The PowerShares DB Oil (DBO Quote) was higher by 35 cents, or 1.3%, to $27.54. The losers far outweighed the winners, led by declines in health and pharmaceutical ETFs. Amgen (AMGN Quote), which beat Wall Street's target for second-quarter earnings, was nonetheless down 1.4%. Among other names, Merck (MRK Quote), Forest Labs (FRX Quote) and Bristol-Myers Squibb (BMY Quote) were losing 1.9% or more. The HealthShares European Drugs (HRJ Quote) was losing 97 cents, or 3.7%, to $25.61. The SPDR S&P Pharmaceuticals (XPH Quote) was down 77 cents, or 2.2%, to $33.64. The PowerShares Dynamic Pharmaceuticals (PJP Quote) was falling by 40 cents, or 2.1%, to $18.45. Basic materials-related bundled securities were also lower. Among individual stocks, Weyerhaeuser (WY Quote), Dow Chemical (DOW Quote) and Freeport-McMoRan (FCX Quote) slumped 1.8% or more. The Ultra Basic Materials ProShares (UYM Quote) dropped $3.61, or 4.2%, to $82. The WisdomTree International Basic Materials (DBN Quote) ETF was down $1.12, or 3.1%, to $35.23. The Materials Select Sector SPDR (XLB Quote) was losing 90 cents, or 2.3%, to $38.93. The Internet Infrastructure HOLDRs (IIH Quote) was also hit hard, as holdings Akamai Technologies (AKAM Quote), NaviSite (NAVI Quote) and VeriSign (VRSN Quote) fell 3% or more. The ETF was losing 11 cents, or 2.1%, to $5.13.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,344.84 | 1,095.63 | 2,144.60 | 32.01 |
Oil *
78.55
|
|
UP
34.92
|
UP
4.14
|
UP
6.16
|
DOWN
0.30
|
10 Yr
3.20%
SPDR Gold
115.65
|
|
+0.34%
|
+0.38%
|
+0.29%
|
-0.93%
|
Data delayed 20 minutes |














