This Day On The Street
Continue to site right-arrow
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
TheStreet Open House

Thursday's ETF Winners & Losers

Updated from 12:38 p.m. EDT with new stock prices

Exchange-traded funds tracking the financial sector were the worst performers of a sharply lower session Thursday, following an analyst downgrade of Citigroup (C)

CIBC World Markets cut its rating on Citi to sector underperform from sector perform, citing the possibility of a huge capital shortfall. Shares of Citigroup plummeted 6.9%, and Morgan Stanley (MS), Bear Stearns (BSC), Merrill Lynch (MER) and Lehman Brothers (LEH) shed 4% or more.

The Ultra Financials ProShares (UYG) declined by $4.51, or 8.2%, to $50.50. The KBW Regional Banking (KRE) was lower by $2.52, or 6%, to $39.58. The PowerShares Dynamic Banking (PJB) was recently down $1.17, or 5.5%, to $20.14.

Homebuilders were also hit by selling. Meritage Homes (MTH), Hovnanian (HOV), Lennar (LEN), Centex (CTX) and Beazer Homes (BZH) all dropped 4% or more.

The iShares Dow Jones U.S. Home Construction (ITB) sank by $1.01, or 4.8% to $19.88. The SPDR S&P Homebuilders (XHB) was off 97 cents, or 4.4%, to $21.20.

Bundled securities following Asia markets were also lower during the current session. Overnight, China's CSI 300 Index declined 1.5%, and indices in India, Taiwan and Thailand also finished with losses.

The SPDR S&P Emerging Asia Pacific (GMF) was recently down $4.87, or 4.8%, to $97.75. The iShares MSCI Taiwan Index (EWT) was lower by 87 cents, or 4.8%, to $17.28. The SPDR S&P China (GXC) eased $5.28, or 4.7%, to $107.92.

On the other hand, Treasury-related ETFs were among few winners of the day, as traders poured money into the so-called safe haven of bonds. Recently, the 10-year note was rallying 25/32 in price, cutting the yield to 4.37%. The 30-year bond was adding 1-15/32 in price, yielding 4.66%.

The iShares Lehman 20+ Year Treasury Bond (TLT) rose $1.38, or 1.5%, to $90.96. The SPDR Lehman Long Term Treasury (TLO) was up 40 cents, or 0.8%, to $52.49. The iShares Lehman 10-20 Year Treasury Bond (TLH) was adding 60 cents, or 0.6%, to $102.80.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!

Markets

DOW 17,416.85 +225.48 1.31%
S&P 500 2,021.25 +19.09 0.95%
NASDAQ 4,683.4070 +45.4130 0.98%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs