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Wednesday's ETF Winners & Losers

Tech-related funds were among the worst performers Wednesday, after Amazon plummeted.

Updated from 1:00 p.m. EDT with new stock prices

Exchange-traded funds tracking technology names were among the worst performers of a losing session Wednesday, following sharp declines for shares of

(AMZN) - Get Report



(ALTR) - Get Report




After the previous close, Internet retailer beat third-quarter forecasts by a penny as revenue jumped 41% from a year ago. However, gross margin declined when compared with the second quarter, and shares were dropping 11.99%.

Bundled securities tracking the Internet sector were sent tumbling. The

Internet HOLDRs


was falling $2.35, or 3.49%, to $64.90. The

First Trust Dow Jones Internet Index

(FDN) - Get Report

was down 65 cents, or 2.34%, to $27.13. The

Internet Infrastructure HOLDRs


was off 15 cents, or 2.61%, to $5.59.

Amazon's loss also hit retail ETFs. The

SPDR S&P Retail

(XRT) - Get Report

was losing 22 cents, or 0.58%, to $37.85. The

Retail HOLDRs

(RTH) - Get Report

slumped 50 cents, or 0.51%, to $97.40. The

PowerShares Dynamic Retail

(PMR) - Get Report

was up, however, 7 cents, or 0.41%, to $17.24.

Also following Tuesday's close, chipmakers Altera and Broadcom delivered poor earnings reports, sending both stocks spiraling lower by 15% or more.


Ultra Semiconductor ProShares

(USD) - Get Report

was losing $4.89, or 5.62%, to $82.11. The

iShares S&P GTSI Semiconductor


TST Recommends

was sinking by $2.06, or 3.06%, to $65.16. The

PowerShares Dynamic Semiconductors

(PSI) - Get Report

shed 46 cents, or 2.45%, to $18.35.

Financial-related ETFs were also among the worst decliners of the day on the back of

Merrill Lynch's


greater-than-expected $7.9 billion writedown due to the credit crisis that plague financial markets during the summer. Merrill swung to a third-quarter continuing-operations loss of $2.24 billion, or $2.85 a share, from a year-ago profit of $3.05 billion, or $3.14 a share.


Ultra Financials ProShares

(UYG) - Get Report

was falling by $3.70, or 6.89%, to $50. The

KBW Regional Banking

(KRE) - Get Report

ETF was down 65 cents, or 1.58%, to $40.55. The

PowerShares Dynamic Banking


was off 10 cents, or 0.48%, to $20.83.

Bundled securities tracking homebuilders were hit after the National Association of Realtors said that existing home sales fell a greater-than-expected 8% to 5.04 million annualized units in September, well below expectations. The report comes a day after



swung to a fiscal second-quarter loss.


SPDR S&P Homebuilders

(XHB) - Get Report

was barely up 1 cent, or 0.05%, to $22.21 after falling earlier in the day. The

iShares Dow Jones U.S. Home Construction

(ITB) - Get Report

also recovered, up 30 cents, or 1.48%, to $20.56 after being down earlier.

Oil and gas-related ETFs were among the only real winners of the session, though, following a bullish report from the Energy Department that showed that crude stocks unexpectedly dropped by 5.3 million barrels last week. Gasoline and distillate inventories also declined, compared with expectations for slight gains. Recently, the December front-month crude contract was up 60 cents to $87.10 a barrel.


United States Oil

(USO) - Get Report

ETF was adding $2.15, or 3.27%, to $67.98. The

iPath S&P GSCI Crude Oil Index

(OIL) - Get Report

was higher by $1.39, or 2.84%, to $50.28. The

PowerShares DB Oil

(DBO) - Get Report

was up 36 cents, or 1.16%, to $31.35.