Bundled securities tracking energy exploration were among Friday's top performers, even as crude prices sank to a 17-month low. Recently, oil was losing 22 cents to $56.04 a barrel, rebounding from a low of $54.86 earlier in the session.
SPDR Oil & Gas Exploration & Production
ETF was gaining 1.8% to $38.61. The
iShares Dow Jones U.S. Oil & Gas Exploration Index
ETF was higher by 1.2% to $48.80, and the
PowerShares Dynamic Energy Exploration
ETF was adding 1.2% to $18.80.
Elsewhere, mining-related ETFs were also stronger. The
SPDR Metals & Mining
ETF was higher by 2.4% to $47.52. The
Market Vectors Gold Miners
ETF was gaining 0.4% to $37.46.
Also among winners, the
exchange-traded fund was stronger as hope grew that the pending acquisition deal between major holdings
will be approved by the Federal Communications Commission. The Telecom HOLDRs was up 29 cents, or 0.9%, to $33.47.
Among losers, the
PowerShares Dynamic Hardware & Consumer Electronics
ETF sank 1.2% to $17.47. Holding
ETF was losing ground after
denied it was exploring options in an attempt to sell the company, sinking shares by 4%. The SPDR Retail ETF was losing 45 cents, or 1.1%, to $41.23.