Exchange-traded funds tracking homebuilders were Friday's top performers. Late Thursday, former
Chairman Alan Greenspan said that the current housing slump may not worsen and might not subtract from gross domestic product growth.
iShares Dow Jones U.S. Home Construction
ETF was higher by 3.2% at $37.04. The
ETF was adding 3% to $33.24. The
PowerShares Dynamic Building & Construction
ETF was jumping by 1.2% to $15.72.
Internet Infrastructure HOLDRs
( IIH) ETF was also among the winners. Holdings
were higher by 3.4% or more. The ETF was gaining 9 cents, or 1.7%, to $5.54.
Elsewhere, commodity-related ETFs were the worst performers following Thursday's strong advance. Gold futures gave back $6.70 to $630.10 an ounce and copper fell 22 cents to $3.09 a pound.
SPDR Metals & Mining
ETF was losing 2.6% to $47.20. The
Market Vectors Gold Miners
ETF was falling by 2.5% to $38.91. The
streetTRACKS Gold Shares
ETF gave back 1% to $62.31.
Bundled securities tracking energy were getting crushed, as oil dropped $1.57 in price to close at $59.59 a barrel. Among individual names,
was down 2.1%,
was losing 1.5%, and
was off by 1.4%.
Oil Services HOLDRs
ETF was lower by 2.4% to $136.57. The
SPDR Oil & Gas Equipment Services
ETF was recently down 2.3% to $29.04. The
iShares Dow Jones U.S. Oil & Gas Exploration Index
ETF was losing 2.1% to $44.48. The
SPDR Oil & Gas Exploration & Production
ETF was off 1.8% to $38.20.