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
was adding 46 cents, or 1.1%, to $41.76. The
United States Oil
ETF was up 71 cents, or 1.3%, to $56.93. The
PowerShares DB Oil
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.
, which beat Wall Street's target for second-quarter earnings, was nonetheless down 1.4%. Among other names,
were losing 1.9% or more.
HealthShares European Drugs
was losing 97 cents, or 3.7%, to $25.61. The
SPDR S&P Pharmaceuticals
was down 77 cents, or 2.2%, to $33.64. The
PowerShares Dynamic Pharmaceuticals
was falling by 40 cents, or 2.1%, to $18.45.
Basic materials-related bundled securities were also lower. Among individual stocks,
slumped 1.8% or more.
Ultra Basic Materials ProShares
dropped $3.61, or 4.2%, to $82. The
WisdomTree International Basic Materials
ETF was down $1.12, or 3.1%, to $35.23. The
Materials Select Sector SPDR
was losing 90 cents, or 2.3%, to $38.93.
Internet Infrastructure HOLDRs
was also hit hard, as holdings
fell 3% or more. The ETF was losing 11 cents, or 2.1%, to $5.13.