Foreign market exchange-traded funds were rebounding Wednesday after heavy losses during the previous session. A benchmark index in mainland China, which sank more than 9% on Tuesday, retraced nearly half of that loss.
iShares FTSE/Xinhua China 25 Index
, which plummeted 9.2% previously, was recently up 3.9% to $98.69. The
iShares MSCI Emerging Markets Index
was higher by 2.4% to $110.50. The
Vanguard Emerging Markets Stock
ETF was up 2.2% to $75.68.
Bundled securities that follow the energy sector were also among the best performers. The front-month April crude contract reversed early losses and was recently higher by 24 cents to $61.70 a barrel. The turnaround follows a report from the Energy Department that said crude inventories increased by 1.4 barrels. Distillate supplies fell by 3.8 million barrels, while gasoline stocks slipped by 1.9 million barrels.
United States Oil
ETF was adding 2.8% to $51.34. The
iPath Goldman Sachs Crude Oil
ETF was recently up 2.3% to $37.64. The
Oil Services HOLDRs
ETF was gaining 0.6% to $136.75.
On the flip side, housing-related ETFs were the biggest losers of the day. The declines come after the Census Bureau said new-home sales plummeted 16.6% to 937,000 annualized units. Economists had anticipated a slight decrease to 1.09 million annualized units from 1.12 million in December.
iShares Dow Jones U.S. Home Construction
ETF was losing 1.3% at $38.95. The
ETF was lower by 1.3% to $35.67.
Bundled securities tracking Treasury bonds were also lower, reversing action from the previous session. Recently, the 10-year Treasury was losing 9/32 in price to yield 4.55%, and the 30-year bond was falling 20/32 and yielding 4.67%.
iShares Lehman 20+ Year Treasury Bond
exchange-traded fund was down 0.4% to $90.20. The
iShares Lehman TIPS Bond
ETF was off 0.3% to $100.86. The
iShares Lehman 7-10 Year Treasury
was shedding 0.3% at $83.56.