Bundled securities tracking oil and gas services were among the best performers of a strong session Tuesday. The front-month June crude contract reversed an early loss and was recently up 54 cents to $63 a barrel.
Ultra Oil & Gas ProShares
was adding $1.41, or 1.6%, to $89.59. The
Oil Service HOLDRs
ETF gained $2.09, or 1.3%, to $164.40. The
SPDR Oil & Gas Equipment & Services
ETF was recently up 38 cents, or 1.1%, to $34.93.
ETFs tracking basic materials were also higher, as aluminum giant
, which said last week it will acquire Canada's
for $27 billion, was recently adding 2.2%. The stock is now 9% higher since the deal was first announced on May 7.
Ultra Basic Materials ProShares
ETF was recently adding $1.98, or 2.3%, to $88.13. The
iShares Dow Jones U.S. Basic Materials
ETF was higher by 78 cents, or 1.1%, to $69.45. The
Materials Select Sector SPDR
was gaining 36 cents, or 0.9%, to $40.12.
ETF was also higher as its two major holdings,
, were up 1.3% and 1.7%, respectively. The ETF was gaining 48 cents, or 1.2%, to $40.02.
On the losing side, many ETFs in the HealthShares family were suffering the worst losses. The
HealthShares Respiratory Pulmonary
was losing 3.9% to $27.80, the
HealthShares Infectious Disease
ETF was off 2.6% at $26.45 and the
was down 2.1% at $24.48.
B2B Internet HOLDRs
ETF was also among the losers of the day again as holding
slid 1.7%. The ETF was off 2 cents, or 1%, to $2.06.