Exchanged-traded funds tracking Internet names were among the biggest winners of Wednesday's session, courtesy of a 26% rise in share of
. Late Tuesday, Amazon said that its first-quarter results were much better than had been expected, and it also lifted its revenue forecast for the year.
First Trust Dow Jones Internet Index
was higher by 79 cents, or 3.3%, at $24.76. The
was gaining $1.22, or 2.1%, to $58.14.
Oil-related ETFs were gaining ground as the front-month June crude contract was adding $1.22 to $65.80 a barrel. The rise comes after the Energy Department's weekly inventory report showed a rise of 2.1 million barrels in crude inventories. Gasoline stocks fell by a greater-than-expected 2.8 million barrels, the 11th straight weekly decline, while distillates were nearly unchanged.
Ultra Oil & Gas ProShares
was higher by 4.7% at $85.78. The
Oil Services HOLDRs
climbed 3.5% to $157.47. The
SPDR S&P Oil & Gas Equipment & Services
ETF tacked on 3.2% to $33.75. The
iShares Dow Jones U.S. Oil Equipment Index
was recently up 3.2% to $52.
On the losing side, the
B2B Internet HOLDRs
ETF sank nearly 3%, as holding
slumped 5.6% following disappointing third-quarter earnings. The ETF was off 6 cents, or 2.9%, to $2.08.
was sinking the
iShares Dow Jones U.S. Healthcare Provider
ETF. Earlier, WellPoint's first-quarter results matched Wall Street's expectations, but higher-than-usual medical costs had the stock down 4%. Recently, the ETF was losing 69 cents, or 1.2%, to $58.68.
Housing-related ETFs were also lower following a report from the Commerce Department, which said new-home sales rose 2.6% last month to 858,000 units. However, the number came in below estimates for an increase to 885,000 units.
ETF was losing 19 cents, or 0.6%, to $34.56. The
iShares Dow Jones U.S. Home Construction
ETF was recently down 12 cents, or 0.3%, at $36.41.