Bundled securities tracking the pharmaceutical sector were among Wednesday's best performers a day after
Johnson & Johnson
posted strong third-quarter results, boosting its shares by nearly 3%.
ETF was adding 1% to $79.52. The
Health Care Select Sector SPDR
ETF was up 0.8% to $33.55, and the
Vanguard Health Care
ETF was gaining 0.8% to $57.49.
Also among winners was the
Internet Architecture HOLDRs
ETF, which was up 0.6% to $39.58. Major holding
easily beat analysts' third-quarter earnings forecast and surpassed revenue estimates, boosting shares by more than 4%.
On the downside, ETFs tracking semiconductors were hit hardest. Both
dropped nearly 8% after providing dismal forecasts.
PowerShares Dynamic Semiconductors
ETF was losing 55 cents, or 3.1%, to $17.29. The
ETF was falling by $1.39, or 2.8%, to $48.29. The
ETF was lower by 90 cents, or 2.6%, to $34. The
iShares Goldman Sachs Semiconductor
ETF was sliding by $1.66, or 2.7%, to $61.03.
Energy-related ETFs also fell as crude prices sank below the $58-a-barrel level. Oil futures were recently down $1.22 to $57.71 a barrel after the Energy Department released its weekly inventory report that showed a greater-than-expected build in crude stocks.
PowerShares Dynamic Oil & Gas Services
ETF was losing 2.2% to $18.40. The
iShares Dow Jones U.S. Oil Equipment Index
ETF was down 2.1% to $41.65. The
Oil Services HOLDRs
ETF was off 2.1% to $127.39, and the
SPDR Oil & Gas Equipment & Services
ETF was lower by 1.8% to $26.84.