ETFs related to oil services were the strongest performers Wednesday, as oil for October delivery was poised to break a seven-session decline. The move followed the Energy Department's weekly inventory report, which showed a larger-than-expected drop in crude of 2.9 million barrels. Oil was last up 74 cents to $64.50 a barrel.
Oil Service HOLDRs
ETF was adding 3.3% to $128.95. The
iShares Dow Jones U.S. Oil Equipment Index
ETF was gaining 3.3% to $41.82, and the
Energy Select Sector SPDR
ETF was higher by 2.6% to $53.28.
iShares Dow Jones U.S. Broker/Dealers
was also one of the top gainers, adding 2.3%, after investment bank
posted third-quarter earnings of $916 million, or $1.57 a share, up from a year ago and ahead of estimates.
B2B Internet HOLDRs
ETF was also higher, as holding
jumped 6.7%. The B2B Internet HOLDRs was up 5 cents, or 2.3%, to $2.20.
iShares S&P Global Healthcare Sector
ETF were among the biggest losers, pressured by a decline in
Merck sank 3.1% after two analyses of a number of prior studies suggested that the company's Vioxx painkiller could be harmful to patients even if taken for a short period of time. The analyses will appear in an upcoming
Journal of the American Medical Association
. The iShares S&P Global Healthcare Sector ETF was losing 0.9% to $57.11, and the Pharmaceutical HOLDRs was recently down 0.4% to $76.93.
Semiconductor-related ETFs were also lower
was recently down 2.6%,
was off 2.5%, and
iShares Goldman Sachs Semiconductor
ETF was losing 0.7% to $61.69. The
ETF was lower by 0.5% to $33.80, and the
PowerShares Dynamic Semiconductors
ETF was off 0.4% to $17.28.