Wednesday's ETF Winners & Losers

Funds related to oil services are strong.
Author:
Publish date:

ETFs related to oil services were among the strongest performers Wednesday as crude futures spiked higher. The

SPDR Oil & Gas Equipment & Services

(XES) - Get Report

ETF was adding 2% to $26.72. The

iShares Dow Jones U.S. Oil Equipment Index

(IEZ) - Get Report

ETF was gaining 1.9% to $41.74, and the

iShares Dow Jones U.S. Oil & Gas Exploration

(IEO) - Get Report

ETF was higher by 1.8% to $45.28.

The

Biotech HOLDRs

(BBH) - Get Report

ETF was among winners as major holding

Genentech

(DNA)

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.

The

PowerShares Lux Nanotech

(PXN)

ETF was also higher, thanks to a 12.7% surge in holding

Nucryst Pharmaceuticals

(NCST)

. 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.

The

iShares Dow Jones U.S. Home Construction

(ITB) - Get Report

ETF was falling by $1.12, or 2.9%, to $37.80. The

SPDR Homebuilders

(XHB) - Get Report

ETF was lower by 83 cents, or 2.4%, to $33.45.

Also, the

Telecom HOLDRs

(TTH)

ETF was among the losers as holdings

BellSouth

(BLS)

,

AT&T

(T) - Get Report

,

Level 3 Communications

(LVLT)

and

Verizon

(VZ) - Get Report

fell.

The Telecom HOLDRs was losing 79 cents, or 2.3%, to $32.95.