Precious metals-related exchange-traded funds were among the best performers of the week, as speculators drove up prices on gold and silver following a surprise 50-basis point interest rate cut during Tuesday's Federal Reserve meeting.
The streetTRACKS Gold Shares (GLD Quote) ETF finished up 3.3% to $72.30. The Market Vectors Gold Miners (GDX Quote) ETF climbed 7.7% to $45.40. The iShares Comex Gold Trust (IAU Quote) ETF rose 3% to $72.28. The PowerShares DB Gold (DGL Quote) ETF added 3.3% to $28.71. Basic materials-related ETFs were also strong. Among individual stocks, Nucor (NUE Quote), Freeport-McMoRan (FCX Quote) and Alcoa (AA Quote) jumped more than 4.3%. The Ultra Basic Materials ProShares (UYM Quote) ETF rose 11% to $94.73. The iShares Dow Jones U.S. Basic Materials (IYM Quote) ETF added 5.6% to close at $73.42. The Materials Select Sector SPDR (XLB Quote) ETF climbed 5.3% to $41.58. Oil securities were also climbers, as crude set multiple records during the week. The Ultra Oil & Gas ProShares (DIG Quote) ETF rose 9.4% to $114.35. The iShares Dow Jones U.S. Oil & Gas Exploration Index (IEO Quote) added 3.8% to $60.20. The SPDR S&P Oil & Gas Exploration & Production (XOP Quote) ETF finished up 3.5% to $47.76. On the other hand, Treasury-related ETFs were hit hardest as investors pulled out of bonds and moved money into equities. The SPDR Lehman Long Term Treasury (TLO Quote) ETF was off 1.8% to $51.14. The iShares Lehman 10-20 Year Treasury Bond (TLH Quote) ETF lost 1.5% to $100.45. The SPDR Barclays Capital TIPS (IPE Quote) ETF was down 0.6% to $48.82.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,405.83 | 1,102.35 | 2,190.86 | 34.82 |
Oil *
71.91
|
|
UP
68.78
|
UP
6.41
|
UP
7.13
|
UP
0.59
|
10 Yr
3.48%
SPDR Gold
110.82
|
|
+0.67%
|
+0.58%
|
+0.33%
|
+1.72%
|
Data delayed 20 minutes |














