exchange-traded fund was one of Friday's best performers as major holding
rose nearly 2%. The Telecom HOLDRs was up 30 cents, or 0.9%, to $34.08.
Bundled securities tracking health care stocks were also among the winners, as individual names
rose 2% or more.
iShares Dow Jones U.S. Healthcare Provider
ETF was adding 0.7% to $52.88. The
Health Care Select Sector SPDR
ETF was gaining 0.6% to $33.79. The
Vanguard Health Care
ETF was higher by 0.5% to $57.86.
On the downside, ETFs related to oil services were among the weakest performers, as oil futures sank below the $57-a-barrel level. OPEC decided at an emergency meeting to cut output quotas by 1.2 million barrels a day. However, members of the group have sometimes neglected to go along with production cuts, and the U.S. Energy Department said it believed the actual reduction would be around half of the amount threatened.
PowerShares Dynamic Oil & Gas Services
ETF was dropping 2.6% to $18.75. The
iShares Dow Jones U.S. Oil Equipment Index
ETF was losing 2.2% to $42.44. The
Oil Service HOLDRs
ETF was falling by 2% to $130.14, and the
SPDR Oil & Gas Equipment & Services
ETF was giving back 1.7% to $27.54.
In addition, the
PowerShares Dynamic Building & Construction
ETF was slumping after major holding
tumbled nearly 14%. The industrial-equipment maker reported a weak quarterly earnings number and reduced guidance. The ETF was dropping 42 cents, or 2.7%, to $15.45.