Thursday's ETF Winners & Losers
Updated from 2:26 p.m. EDT with new stock prices
Exchange-traded funds tracking commodity prices were among the best performers Thursday, as crude, gold and silver futures were on the rise.
The December front-month crude contract surged to $90.46 a barrel, gold futures were up to $767.30 an ounce and silver was at $13.84 an ounce.
The
iShares Silver Trust
(SLV) - Get Report
was gaining $3.21, or 2.38%, to $137.97. The
PowerShares DB Oil
(DBO) - Get Report
was higher by $1.04, or 3.32%, to $32.39. The
iShares Comex Gold Trust
(IAU) - Get Report
tacked on 47 cents, or 0.62%, to $76.16.
Bundled securities tracking financials also were rebounding a day after
Merrill Lynch's
(MER)
greater-than-expected $7.9 billion writedown. While Merrill still traded lower Thursday, shares of
Fannie Mae
(FNM)
,
CME Group
(CME) - Get Report
and
Charles Schwab
(SCHW) - Get Report
were all slightly higher.
The
Ultra Financials ProShares
(UYG) - Get Report
jumped $2.35, or 4.70%, to $52.35.
The
Internet Infrastructure HOLDRs
(IIH)
was also among the winners of the day thanks to a 12.62% jump in shares of
Akamai Technologies
(AKAM) - Get Report
. After Wednesday's close, Akamai said that third-quarter earnings soared 73% from a year ago.
Recently, the Internet Infrastructure HOLDRs was rising by 14 cents, or 2.50%, to $5.73.
On the other hand, chip-related ETFs were suffering again, saddled by a 3.78% decline in
Applied Materials
(AMAT) - Get Report
. Earlier, RBC Capital Markets downgraded the chipmaker to sector perform from outperform, citing slowing demand.
Additionally,
Altera
(ALTR) - Get Report
and
Broadcom
(BRCM)
continued to slide in the wake of their earnings reports released after Tuesday's close.
The
Ultra Semiconductor ProShares
(USD) - Get Report
was losing $3.50, or 4.26%, to $78.61. The
PowerShares Dynamic Semiconductors
(PSI) - Get Report
shed 67 cents, or 3.65%, to $17.68. The
iShares S&P GTSI Semiconductor
(IGW)
sank by $2.15, or 3.30%, to $63.01.