Updated from 2:43 p.m. EDT with new stock prices
Energy-related exchange-traded funds were the best performers of Tuesday's session, as oil prices hovered near $89 a barrel for the second straight day.
Crude was recently up to $89.47, after earlier surging to $89.78, a new intraday record. The
iPath S&P GSCI Crude Oil Index
was up $1.12, or 2.27%, to $50.41. The
United States Oil
ETF was gaining $1.53, or 2.30%, to $68.16.
Bundled securities tracking gold and silver futures were also higher, as precious metals futures were on the rise. Gold prices were up to $764.10 an ounce and silver rallied to $13.71 an ounce.
streetTRACKS Gold Shares
was higher by $1.43, or 1.92%, to $75.93. The
iShares Comex Gold Trust
was up $1.24, or 1.66%, to $75.95. The
PowerShares DB Silver
was gaining 38 cents, or 1.43%, to $26.98. The
Market Vectors Gold Miners
ETF was higher by 98 cents, or 2.11%, to $47.44.
On the flip side, ETFs tracking Asian stocks were the worst performers as India's Bombay Sensitive Index, or Sensex, fell for a second session. The Sensex declined 3.8%, and China's CSI 300 Index tumbled 3.6%.
iShares FTSE/Xinhau China 25 Index
shed $6.23, or 2.85%, to $212.25. The
SPDR S&P China
was down $3.10, or 2.74%, to $109.90. The
PowerShares Golden Dragon Halter USX China
was losing 70 cents, or 1.81%, to $38.00.
Several earnings disappointments in the financial sector combined to sink related ETFs.
Bank of America
offered a disappointing report as "unprecedented market disruptions impacted trading results." Meanwhile,
third-quarter earnings report showed a 72% decline in profit from a year ago.
Ultra Financials ProShares
slumped 76 cents, or 1.36%, to $55.15. The
iShares Dow Jones U.S. Financial Services
was down $1.82, or 1.50%, to $119.49. The
Financial Select Sector SPDR
was off 56 cents, or 1.64%, to $33.59.
Elsewhere, a negative analyst note on
, despite a strong third-quarter earnings report. Deutsche Bank downgraded the Internet auctioneer to sell and offered cautious comments on the stock going forward. The Internet HOLDRs was losing $1.25, or 1.87%, to $65.75.