With a terror plot in Britain leading to expectations of lower demand for jet fuel, the price of oil was falling. In turn, the
DB Commodity Index Tracking Fund
was falling 2.1% to $25.58, the
Oil Services HOLDRs
ETF was off 1.4% to $137.45 and the
Energy Select Sector SPDR
was lower by 1.4% to $57.79.
ETFs related to gold and silver were also among the day's decliners. Gold futures fell $11.50 to $650.50 an ounce, and silver was recently sliding by 40 cents to $12.16 an ounce. The
iShares Silver Trust
was giving back 3% to $121.38, the
streetTRACKS Gold Shares
ETF was recently lower by 2% to $63.35 and the
iShares Comex Gold
ETF was down 2% to $63.39.
Biotech ETFs were also under pressure after
was denied Food and Drug Administration approval for its drug Sparlon, a treatment for attention deficit hyperactivity disorder, and
said it plans to remain independent. The
was off 1.4% to $42.46.
At the same time, the
ETF was the strongest gainer, as holdings
were posting gains of 2% or more. The Semiconductor HOLDRs ETF was up 58 cents, or 1.9%, to $31.63.
Positive earnings results from
and teen-apparel retailer
ETF, which was gaining $1.03, or 1.2%, to $90.28.
In addition, the
PowerShares Dynamic Retail
ETF was higher by 1.2% to $16.36.