Wednesday's ETF Winners & Losers
The broad-based rally in stocks was spilling over into the exchange-traded fund market Wednesday, and most sectors were in positive territory.
As February-dated gold bullion contracts rose $3.40 to $630.30 an ounce, ETFs tracking the gold market advanced, as well. The
Market Vectors Gold Miners ETF
(GDX)
was gaining 1.5% to $39.61, and the
streetTracks Gold Shares
(GLD)
was up 0.5% to $62.28.
Following word that the pace of new U.S. home sales was picking up, the
SPDR Homebuilders ETF
(XHB)
tacked on 1.4% to $37.25.
Despite another drop in crude oil futures, the
Oil Service HOLDRs
(OIH)
overcame the pullback and rose 0.7% to $140.97. The
TheStreet Recommends
PowerShares Dynamic Oil Services Portfolio
(PXJ)
was higher by 0.9% to $20.03.
Among the few losers were the
UltraShort MidCap400 ProShares
(MZZ)
, down 1.6%; the
UltraShort S&P 500 ProShares
(SDS)
, off 1.4%; and the
UltraShort Dow 30 ProShares
(DXD)
, lower by 1.3%.
Turning to widely held ETFs, the
SPDRs
(SPY)
gained 0.7% to $142.52, the
Dow Diamonds
(DIA)
rose 0.8% to $124.91, and the
Nasdaq 100 Tracking Stock
(QQQQ)
was ahead by 0.6% at $43.39.
