ETFs related to oil services were stronger Tuesday, even as crude for October delivery was falling 81 cents to $69.80 a barrel. The National Hurricane Center said Tropical Storm Ernesto was about 135 miles southeast of Florida and was expected to strengthen before making landfall, sparing the Gulf of Mexico.
Oil Service HOLDRs
ETF was adding 0.5% to $136.50. The
iShares Dow Jones U.S. Oil Equipment Index
ETF was gaining 0.4% to $44.47. The
PowerShares Dynamic Oil & Gas Services
ETF was higher by 0.8% to $19.69.
Other commodity funds were moving to the upside. The
iShares Silver Trust
ETF was recently up $1.76, or 1.5%, to $122.08, and the
iShares Comex Gold Trust
ETF was tacking on 6 cents, or 0.1% to $61.01.
Meanwhile, energy-exploration ETFs were falling. The
PowerShares Dynamic Energy Exploration
ETF was sinking by 0.9% to $19.27, and the
iShares Dow Jones U.S. Oil & Gasoline Exploration Index
ETF was losing 0.8% to $49.59.
Bundled securities tracking the financial sector were suffering after Punk Ziegel downgraded several brokerages. The firm dropped
( LEH) and
to market perform from buy.
iShares Dow Jones U.S. Broker-Dealers
ETF was losing 1.2% to $44.19. The
streetTRACKS KBW Capital Markets
ETF fell 1.2% to $56.79. The
Regional Bank HOLDRs
ETF was off 0.7% to $152.57. The
Financial Select Sector SPDR
was down 0.5% to $33.29.
Among other losers, the
ETF was lower as major holding
fell 3.6%. The software maker faced pressure after news that
will launch its own application to create PDF files.
The Software HOLDRs ETF was sliding by 22 cents, or 0.6%, to $36.05.