Exchange-traded funds tracking precious metals were among the few winners of a losing session Wednesday, as gold and silver prices were on the rise.
Recently, gold futures were adding $8.20 to $674.10 an ounce, and silver was higher by 26 cents to $13.27 an ounce.
iShares Silver Trust
was up $3.56, or 2.8%, to $131.71. The
PowerShares DB Silver
was adding 70 cents, or 2.8%, to $26.10.
Market Vectors Gold Miners
ETF was higher by 94 cents, or 2.3%, to $41.76. The
PowerShares DB Precious Metals
ETF rose 38 cents, or 1.5%, to $26.38. The
iShares Comex Gold Trust
ETF was climbing by 91 cents, or 1.4%, to $66.72.
Bundled securities following the energy sector were also stronger, following the latest Energy Department inventory report that turned out bullish for prices. Oil was gaining 86 cents to $74.88 and gasoline was up 4 cents to $2.14 a gallon.
Ultra Oil & Gas ProShares
ETF was adding $2.65, or 2.5%, to $108.60. The
Energy Select Sector SPDR
ETF was up $1.15, or 1.6%, to $73.20. The
iShares Dow Jones U.S. Energy
ETF was gaining $1.78, or 1.4%, to $127.12, and the
iPath S&P GSCI Crude Oil
ETF was rising by 54 cents, or 1.3%, to $41.45.
On the losing side, the semiconductor sector was hit hard, after
disappointed with its second-quarter earnings report following Tuesday's closing bell.
Shares of Intel slumped 5.4%. Other semiconductor stocks fell on the news, including
, which were lower by 2.3% or more.
Among ETFs, the
Ultra Semiconductor ProShares
tumbled $6.22, or 6.3%, to $91.99. The
SPDR S&P Semiconductor
ETF was losing $1.57, or 2.7%, to $55.72. The
gave back $1.04, or 2.5%, to $39.96. The
iShares S&P GSTI Semiconductor
ETF was down $1.86, or 2.6%, to $69.02.
Financial-related ETFs were also sliding due to more subprime fallout headlines out of
. Earlier, the firm said it has informed stockholders that investments in two subprime-related funds are nearly worthless.
Ultra Financials ProShares
ETF was falling $3.01, or 4.5%, to $63.65. The
iShares Dow Jones U.S. Financial Services
ETF shed $3.59, or 2.7%, to $129.18. The
iShares Dow Jones U.S. Broker-Dealers
ETF was down $1.32, or 2.3%, to $55.64.