Bundled securities tracking utilities were among the best performers of Wednesday's wild session.
Among individual names,
American Electric Power
were all rising by 2.6% or more.
Ultra Utilities ProShares
was adding $1.74, or 2.4%, to $74.73. The
PowerShares FTSE RAFI Utilities
gained $1.24, or 2.3%, to $56.30. The
was higher by $2.22, or 1.6%, to $138.73. The
PowerShares Dynamic Utilities
was up 29 cents, or 1.6%, to $18.57.
United States Natural Gas
ETF was also climbing, as natural gas was gaining 21 cents to $6.40 per million British thermal units. The ETF added $1.33, or 3.4%, to $40.69.
A ramp up in shares of
boosted several pharmaceutical ETFs. On Tuesday, a New Jersey court ruled that English and Welsh patients cannot sue the company over health problems emanating from the use of the painkiller Vioxx. Shares of Merck were up 2.3%.
SPDR S&P Pharmaceuticals
rose 31 cents, or 0.9%, to $33.30. The
was gaining 81 cents, or 1.1%, to $77.70. The
iShares Dow Jones U.S. Pharmaceuticals
was up 5 cents, or 0.1%, to $52.54.
On the other hand, ETFs tracking REITs and the housing sector were lower on fears of spreading credit problems. First,
said that it is facing losses in a third mortgage-related fund. Additionally, rumors abounded that
had a liquidity problem that could lead to a bankruptcy filing. The company later denied the rumor, but not before it took down the rest of the homebuilder stocks.
iShares FTSE NAREIT Retail
was losing $2.50, or 6.2%, to $38.18. The
iShares FTSE NAREIT Mortgage REITs
was lower by $2.35, or 6.7%, to $32.50. The
Ultra Real Estate ProShares
slumped $1.19, or 2.9%, to $40.06.
iShares Dow Jones U.S. Home Construction
was losing 96 cents, or 3.6%, to $25.60. The
SPDR S&P Homebuilders
was down 59 cents, or 2.2%, to $25.87.