Monday's ETF Winners & Losers
Exchange-traded funds tracking the real estate and housing sector were among the worst performers Monday, after a
Federal Reserve
official offered a bearish outlook for the sector.
San Francisco Fed President Janet Yellen told the National Association for Business Economics that the recent financial market turmoil will prolong the housing sector adjustment.
Vornado Realty Trust
(VNO) - Get Vornado Realty Trust Report
and
ProLogis
(PLD) - Get Prologis Inc. Report
were both lower by more than 1%.
The
Ultra Real Estate ProShares
(URE) - Get ProShares Ultra Real Estate Report
was falling 72 cents, or 1.7%, to $41.52. The
First Trust S&P REIT
(FRI) - Get First Trust S&P REIT Index Fund Report
TheStreet Recommends
ETF was down 69 cents, or 3.9%, to $17.11. The
SPDR Dow Jones Wilshire International Real Estate
(RWX) - Get SPDR Dow Jones International Real Estate ETF Report
was off by $1.32, or 2.2%, to $58.63.
Homebuilders and construction were also under pressure.
D.R. Horton
(DHI) - Get D.R. Horton Inc. Report
,
Lennar
(LEN) - Get Lennar Corporation Class A Report
,
Hovnanian
(HOV) - Get Hovnanian Enterprises Inc. Class A Report
,
Toll Brothers
(TOL) - Get Toll Brothers Inc. Report
and
Beazer Homes
(BZH) - Get Beazer Homes USA Inc. Report
all slid by 2.4% or more.
The
PowerShares Dynamic Building & Construction
(PKB) - Get Invesco Dynamic Building & Construction ETF Report
lost 48 cents, or 2.5%, to $1.71. The
SPDR S&P Homebuilders
(XHB) - Get SPDR Homebuilders ETF Report
was down 33 cents, or 1.4%, to $22.91. The
iShares Dow Jones U.S. Home Construction
(ITB) - Get iShares U.S. Home Construction ETF Report
shed 24 cents, or 1.1%, to $21.75.
Basic materials-related ETFs were also lower. Among individual stocks,
Alcoa
(AA) - Get Alcoa Corporation Report
,
Nucor
(NUE) - Get Nucor Corporation Report
and
Freeport-McMoRan
(FCX) - Get Freeport-McMoRan Inc. Report
were losing 1% or more.
The
Ultra Basic Materials ProShares
(UYM) - Get ProShares Ultra Basic Materials Report
eased $2.37, or 2.9%, to $79.36. The
iShares Dow Jones U.S. Basic Materials
(IYM) - Get iShares U.S. Basic Materials ETF Report
was off 76 cents, or 1.1%, to $67.15. The
Vanguard Materials
(VAW) - Get Vanguard Materials ETF Report
was down 98 cents, or 1.2%, to $80.07.
There were few winners during Monday's losing session. The
United States Natural Gas
(UNG) - Get United States Natural Gas Fund Report
ETF was rising 3.6% as natural gas tacked on 18 cents to $5.68 per million British thermal units. The ETF was up $1.23 to $35.57.
