This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Wednesday's ETF Winners & Losers

Housing-related exchange-traded funds were among the worst decliners of Wednesday's session, after more bad news about the housing market.

The National Association of Realtors said its pending home sales index dropped 12.2% in July to a reading of 89.9, providing the latest evidence that the slowdown in housing is continuing. Over the last year, the index has fallen 16.1%.

Following the release, the Philadelphia Housing Sector Index slid 1.7%. D.R. Horton (DHI), Hovnanian (HOV), Lennar (LEN) and Pulte Homes (PHM) were all down 3.1% or more.

The iShares Dow Jones U.S. Home Construction (ITB) was losing 87 cents, or 3.6%, to $23.28. The SPDR S&P Homebuilders (XHB) was down 93 cents, or 3.7%, to $24.38.

Bundled securities tracking real estate were also losing ground following the report on pending home sales. Vornado Realty Trust (VNO - Get Report), Simon Property Group (SPG) and Kimco Realty (KIM) were all lower by 2% or more.

The Ultra Real Estate ProShares (URE) was falling $2.19, or 4.8%, to $43.50. The SPDR Dow Jones Wilshire International Real Estate (RWX) was down $1.54, or 2.5%, to $61.04. The WisdomTree International Real Estate (DRW) ETF was off by $1, or 2%, to $48.70.

Retail ETFs also were tumbling on the backs of several holdings. Costco (COST), which missed analysts expectations for August same-store sales, dropped 5%. Target (TGT), Lowe's (LOW), Macy's (M) and Kroger (KR) were all down 2% or more.

The PowerShares Dynamic Retail (PMR) was shedding 42 cents, or 2.3%, to $17.84. The Retail HOLDRS (RTH) was lower by $2.11, or 2.1%, to $98.84. The SPDR S&P Retail (XRT) was down 89 cents, or 2.3%, to $38.73.

On the other hand, Treasury-related ETFs were among few winners of the day. Recently, the 10-year note was up 16/32 in price, cutting the yield to 4.48%. The 30-year bond was adding 26/32 in price, yielding 4.78%.

The Vanguard Long-Term Bond (BLV) was up 59 cents, or 0.8%, to $74.93. The iShares Lehman 20+ Year Treasury Bond (TLT) was gaining 62 cents, or 0.7%, to $89.18. The iShares Lehman 10-20 Year Treasury Bond (TLH) was adding 63 cents, or 0.6%, to $101.46.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
XRT $99.60 -0.30%
RTH $76.66 -0.36%
TLT $127.76 -1.00%
XHB $35.61 0.28%
RWX $44.98 0.19%

Markets

DOW 18,095.52 +57.55 0.32%
S&P 500 2,111.92 +3.00 0.14%
NASDAQ 5,054.8820 -5.3640 -0.11%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs