Exchange-traded funds tracking the homebuilding sector were the biggest winners of a losing session Monday, as several holdings surged.
jumped nearly 15%, while
jumped 5% or more.
SPDR S&P Homebuilders
was jumping $1.08, or 5.2%, to $21.98. The
iShares Dow Jones U.S. Home Construction
rose 90 cents, or 4.6%, to $20.30.
Retail-related ETFs were also gaining ground, as
were all higher by at least 1%.
SPDR S&P Retail
was up 57 cents, or 1.5%, at $37.95. The
added 63 cents, or 0.7%, to $97.11. The
PowerShares Dynamic Retail
was higher by 22 cents, or 1.3%, to $17.27.
Meanwhile, energy-related ETFs were the worst performers to start the week as oil prices pulled back after setting an all-time high Friday. Crude was recently down $1.69 to $86.91.
Ultra Oil & Gas ProShares
dropped $5.41, or 4.9%, to $104.40. The
iShares Dow Jones U.S. Energy
was losing $3.07, or 2.4%, to $126.81. The
iShares Dow Jones U.S. Oil & Gas Exploration
was down $1.49, or 2.4%, to $60.87.
Bundled securities tracking basic materials were also lower after chemicals maker
Rohm & Haas
said it will raise prices for most of its chemical products by 5% to 15% at the end of the month. The stock, as well as
, was losing about 1%.
Meanwhile, metals and mining stocks were losing ground as commodity futures tumbled.
were all trading lower.
Rydex S&P Equal Weight Materials
was losing $2.36, or 4%, to $57.05. The
Ultra Basic Materials ProShares
was down $3.35, or 3.5%, to $93.72. The
iShares S&P Global Materials
was falling $2.11, or 2.7%, to $76.61.