Updated from 2:40 p.m. EDT with new stock prices

Energy-related exchange-traded funds were the worst performers of Friday's losing session. Oil prices pulled back after setting an all-time high.

Crude was recently down to $88.60, having earlier set an intraday record of $90.07. Additionally, oil giant Schlumberger ( SLB) posted a 35% rise in profit from a year ago, handily beating estimates. Shares plummeted 11.02%, though, due to weakness in North America highlighted in the earnings reports

The Ultra Oil & Gas ProShares ( DIG) dropped $10.44, or 8.68%, to $109.81. The iShares Dow Jones U.S. Oil Equipment Index ( IEZ) was losing $4.27, or 6.45%, to $61.90. The Oil Service HOLDRs ( OIH) was down $12.31, or 6.18%, to $186.78.

Bundled securities tracking Asian stocks also traded sharply lower. Overnight, Japan's Nikkei 225 slid 1.7%, and India's Sensex Index slumped 2.4%.

The iShares FTSE/Xinhua China 25 Index ( FXI) was falling $13.74, or 6.47%, to $198.76. The SPDR S&P China ( GXC) was off $6.61, or 6.01%, to $103.29. The PowerShares Golden Dragon Halter USX China ( PGJ) was shedding $2.07, or 5.45%, to $35.90.

ETFs tracking the chip sector were also losing ground after Advanced Micro Devices ( AMD) delivered a sorely disappointing third-quarter earnings report after Thursday's close, the latest in a string of weak reports for the chipmaker.

The Ultra Semiconductor ProShares ( USD) fell $5.47, or 6.03%, to $85.29. The iShares S&P GSTI Semiconductor ( IGW) declined $2.01, or 2.93%, to $66.49. The PowerShares Dynamic Semiconductors ( PSI) was down 49 cents, or 2.60%, to $18.37.

On the other hand, Treasury-related ETFs were among few winners of the day, as traders poured money into the so-called safe haven of bonds. Recently, the 10-year note was rallying 20/32 in price, cutting the yield to 4.41%. The 30-year bond was adding 1-3/32 in price, yielding 4.70%.

The iShares Lehman 20+ Year Treasury Bond ( TLT) rose $1.33, or 1.49%, to $90.46. The SPDR Lehman Long Term Treasury ( TLO) was up 45 cents, or 0.87%, to $52. The iShares Lehman 10-20 Year Treasury Bond ( TLH) ETF was adding 96 cents, or 0.95%, to $102.46.

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