Exchange-traded funds tracking Asian markets were among the best performers of Thursday's session following a rally overnight.
Hong Kong's Hang Seng rose 2% and Japan's Nikkei 225 was 1.6% higher. Markets in China, Taiwan, Indonesia, and Singapore finished higher as well. The PowerShares Golden Dragon Halter USX China (PGJ Quote) was gaining $1.42, or 4.1%, to $36.07. The iShares FTSE/Xinhau China 25 Index (FXI Quote) was rising $7.85, or 4.1%, to $200.19. The SPDR S&P China (GXC Quote) was up $3.70, or 3.7%, to $103.50. The SPDR S&P Emerging Asia Pacific (GMF Quote) added $2.40, or 2.6%, to $95.63. The SPDR S&P Oil & Gas Exploration & Production (XOP Quote) jumped 5.3% after crude prices rallied through the $83-a-barrel level. The weekly inventory report from the Energy Department showed an unexpected decline of 1.7 million barrels in crude stocks, and oil was jumping $1.73 to $83.03 a barrel. The SPDR S&P Oil & Gas Exploration & Production was up $2.56 to $50.94. Among other energy related ETFs, the iPath S&P GSCI Crude Oil Index (OIL Quote) rose 89 cents, or 1.9%, to $47.02. The United States Oil (USO Quote) ETF was adding $1.20, or 1.9%, to $63.60. The PowerShares DB Oil (DBO Quote) was gaining 52 cents, or 1.8%, to $30.02. Bundled securities tracking the retail sector were gaining ground after Wal-Mart (WMT Quote) surprised with a rosier outlook. The world's largest retailer boosted its third-quarter profit guidance even after posting a comp sales increase of only 1.4%, a bit weaker than had been anticipated. The stock was up 3% to $46.95. The SPDR S&P Retail (XRT Quote) was advancing 87 cents, or 2.2%, to $41.21. The Retail HOLDRs (RTH Quote) was up $1.34, or 1.3%, to $103.14. The PowerShares Dynamic Retail (PMR Quote) rose 16 cents, or 0.9%, to $18.64. Among losers, the iShares Dow Jones U.S. Healthcare Provider (IHF Quote) sank 0.6% as several of its holdings lost ground. Express Scripts (ESRX Quote), Aetna (AET Quote) and Coventry Health Care (CVH Quote) all were sliding. The ETF was down 38 cents to $59.68.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
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DOWN
154.48
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DOWN
19.14
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DOWN
37.61
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DOWN
0.48
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10 Yr
3.23%
SPDR Gold
115.06
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|
-1.48%
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-1.72%
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-1.73%
|
-1.46%
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