United States Natural Gas
exchange-traded fund was the best performer of the week as natural gas prices surged.
Prices were rising on resurfacing concerns over looming storms. Tropical Storm Ingrid was the latest to form during the height of hurricane season. Natural gas soared 14.2% over the five sessions, and the ETF climbed 15.5% to end at $39.65.
Meanwhile, retail-related ETFs benefited from advances this week in shares of
Target rose on news the retailer might shed its credit card division. McDonald's jumped after saying it expects to return a total of $15 billion to $17 billion to shareholders over the next three years through dividends and share buybacks.
ETF increased by 4% to $100.85. The
PowerShares Dynamic Retail
ETF gained 3% to $17.88. The
SPDR S&P Retail
ETF ended up 2.5% to $38.83.
Financial ETFs were also higher after troubled lender
rose 6.6% during the week thanks to obtaining $12 billion in borrowing capacity.
Ultra Financial ProShares
ETF tacked on 4.3% to $55.29. The
iShares Dow Jones U.S. Broker-Dealers
ETF was higher by 2.8% to $50.04. The
ETF added 2.7% to $52.53.
On the other hand, semiconductor ETFs lost ground after
offered its midquarter report. The chipmaker tightened its third-quarter financial targets, although the forecast was still near Wall Street's estimates. TI lost 1.8% for the week.
Ultra Semiconductor ProShares
ETF slumped 3.2% over the five sessions to close at $82.30. The
slid 1.8% to $37.14. The
PowerShares Dynamic Semiconductor
ETF lost 1.5% to $18.01.