earnings beat and positive revenue growth forecast made the
iShares Goldman Sachs Networking
Internet Architecture HOLDRs
the best gainers Wednesday. The ETFs were recently up 3.1% and 2.6%, respectively.
ETFs related to semiconductors were also among the best performers after Matrix Research upgraded
to strong buy from buy. The
ETF rose 2.2% to $44.28, the
ETF was higher by 1.8% to $31.95 and the
PowerShares Dynamic Semiconductors
ETF was gaining 1% to $15.92.
Utility ETFs traded higher as the price of crude topped its record closing price of $77.03, following an Energy Department inventory report that showed declines in crude, gasoline and distillate stocks. Meanwhile,
Prudhoe Bay pipeline in Alaska was still offline.
PowerShares Dynamic Utilities
was rising 0.9% to $17.74, the
was recently up 0.8% to $124.16, the
iShares Dow Jones US Utilities
was gaining 0.6% to $83.43 and the
Utilities Select Sector SPDR
was tacking on 0.5% to $34.15.
Meanwhile, ETFs tracking construction and real estate had some of the worst returns for a second straight session after homebuilder
cut its full-year order forecast again.
iShares Dow Jones U.S. Home Construction
was falling by 3.9% to $34.24, the
ETF was lower by 3.8% to $30.42, and the
PowerShares Dynamic Building & Construction
ETF was losing 2.7% to $14.29,