Bundled securities tracking the energy sector were among the best performers of the session Wednesday as the front-month May crude contract jumped $1.65 to $61.26 a barrel.
United States Oil
ETF was adding 2.5% to $50. The
iPath Goldman Sachs Crude Oil Index
ETF rose 2.3% to $36.40. The
PowerShares Dynamic Energy Exploration
ETF was climbing 2.3% to $20.25, and the
Energy Select Sector SPDR
ETF was recently up 2.2% to $60.05.
SPDR S&P Pharmaceuticals
was also rising. Holding
was recently up 5% despite a federal court ruling that prevents it from selling its own version of an epilepsy drug. The ETF was adding 50 cents, or 1.5%, to $34.42.
On the other hand, the
ETF was one of the biggest losers. Holding
was shedding 6.6% a day after saying that it would post a first-quarter loss and fall short of analysts' sales targets by a wide margin. The ETF was giving back 38 cents, or 2.4%, to $15.86.
Motorola's weakness spilled over into semiconductor names, dragging related ETFs lower. The
PowerShares Dynamic Semiconductors
was losing 1.4% to $18.18. The
iShares Goldman Sachs Semiconductor
was down 1.4% to $61.40, and the
ETF eased 1.2% to $49.70. The
ETF was off by 1.2% to $34.19.