ETFs related to oil services were among the strongest performers Wednesday as crude futures spiked higher. The
SPDR Oil & Gas Equipment & Services
ETF was adding 2% to $26.72. The
iShares Dow Jones U.S. Oil Equipment Index
ETF was gaining 1.9% to $41.74, and the
iShares Dow Jones U.S. Oil & Gas Exploration
ETF was higher by 1.8% to $45.28.
ETF was among winners as major holding
rose 3.7% after Jefferies upped its stock price target for the company to $106. The Biotech HOLDRs was adding $3.17, or 1.8%, to $183.65.
PowerShares Lux Nanotech
ETF was also higher, thanks to a 12.7% surge in holding
. The ETF was higher by 25 cents, or 1.5%, to $17.24.
On the downside, ETFs related to housing construction were the biggest losers, after the Commerce Department said new-home sales rose 4.1% to 1.05 million annualized units in August. However, July new-home sales were revised down by 63,000 to just 1.01 million units. Both May and June sales data were also revised lower.
iShares Dow Jones U.S. Home Construction
ETF was falling by $1.12, or 2.9%, to $37.80. The
ETF was lower by 83 cents, or 2.4%, to $33.45.
ETF was among the losers as holdings
Level 3 Communications
The Telecom HOLDRs was losing 79 cents, or 2.3%, to $32.95.