Exchange-traded funds tracking the homebuilding sector were the biggest winners of a losing session Monday, as several holdings surged.
Standard Pacific (SPF Quote) jumped nearly 15%, while Hovnanian (HOV Quote), Toll Brothers (TOL Quote), Beazer Homes (BZH Quote) and Meritage Homes (MTH Quote) jumped 5% or more. The SPDR S&P Homebuilders (XHB Quote) was jumping $1.08, or 5.2%, to $21.98. The iShares Dow Jones U.S. Home Construction (ITB Quote) rose 90 cents, or 4.6%, to $20.30. Retail-related ETFs were also gaining ground, as Lowe's (LOW Quote), Costco Wholesale (COST Quote), PetSmart (PETM Quote) and Kroger (KR Quote) were all higher by at least 1%. The SPDR S&P Retail (XRT Quote) was up 57 cents, or 1.5%, at $37.95. The Retail HOLDRs (RTH Quote) added 63 cents, or 0.7%, to $97.11. The PowerShares Dynamic Retail (PMR Quote) was higher by 22 cents, or 1.3%, to $17.27. Meanwhile, energy-related ETFs were the worst performers to start the week as oil prices pulled back after setting an all-time high Friday. Crude was recently down $1.69 to $86.91. The Ultra Oil & Gas ProShares (DIG Quote) dropped $5.41, or 4.9%, to $104.40. The iShares Dow Jones U.S. Energy (IYE Quote) was losing $3.07, or 2.4%, to $126.81. The iShares Dow Jones U.S. Oil & Gas Exploration (IEO Quote) was down $1.49, or 2.4%, to $60.87. Bundled securities tracking basic materials were also lower after chemicals maker Rohm & Haas (ROH Quote) said it will raise prices for most of its chemical products by 5% to 15% at the end of the month. The stock, as well as Monsanto (MON Quote), DuPont (DD Quote) and Dow Chemical (DOW Quote), was losing about 1%. Meanwhile, metals and mining stocks were losing ground as commodity futures tumbled. Newmont Mining (NEM Quote), Freeport-McMoRan (FCX Quote) and Alcoa (AA Quote) were all trading lower. The Rydex S&P Equal Weight Materials (RTM Quote) was losing $2.36, or 4%, to $57.05. The Ultra Basic Materials ProShares (UYM Quote) was down $3.35, or 3.5%, to $93.72. The iShares S&P Global Materials (MXI Quote) was falling $2.11, or 2.7%, to $76.61.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,276.82 | 1,086.49 | 2,130.37 | 32.16 |
Oil *
75.32
|
|
DOWN
187.58
|
DOWN
24.14
|
DOWN
45.68
|
DOWN
0.63
|
10 Yr
3.22%
SPDR Gold
113.64
|
|
-1.79%
|
-2.17%
|
-2.10%
|
-1.92%
|
Data delayed 20 minutes |














