Exchange-traded funds tracking the financial and bank sectors were among the best performers Wednesday, after the Federal Reserve pumped more liquidity into the banking system.
At 10:30 a.m. EDT, the Fed announced a one-day repurchase agreement of $7 billion. One-day repos provide short-lived cash injections into the monetary system and are reversed the following day. The KBW Regional Banking (KRE) ETF was higher by 79 cents, or 1.9%, to $42.63. The PowerShares Dynamic Banking (PJB) was adding 38 cents, or 1.8%, to $21.27. The Ultra Financials ProShares (UYG) rose 78 cents, or 1.5%, to $51.78. The iShares Dow Jones U.S. Regional Banks (IAT) was up 61 cents, or 1.4%, to $44.68. Oil-related bundled securities were also rising as crude prices were higher for a third straight session. The front-month September crude contract was surging $1.66 to $74.04 a barrel, bolstered by a storm in the Gulf of Mexico and another system swirling in the Atlantic Ocean. The United States Oil (USO) ETF was higher by $1.20, or 2.2%, to $55.43. The iPath S&P GSCI Crude Oil Index (OIL) was recently up 85 cents, or 2.1%, to $40.85. The Ultra Oil & Gas ProShares (DIG) climbed 75 cents, or 0.8%, to $91.35. On the flip side, global equity ETFs suffered in the wake of a decline in U.S. stocks last time out. Overnight, Taiwan's Taiex Index fell 3.6%, Hong Kong's Hang Seng plummeted 2.9%, and Tokyo's Nikkei fell 2.2%. The iShares MSCI Taiwan Index (EWT) was falling by 49 cents, or 3.2%, to $14.94. The PowerShares Dynamic Asia Pacific (PUA) was down 59 cents, or 2.4%, to $24.11. The iShares MSCI Pacific Ex-Japan (EPP) was lower by $3.09, or 2.2%, at $135.21. The iShares MSCI South Korea Index (EWY) shed $1.30, or 2.2%, to $59.10. Several global utilities and alternative energy ETFs were also giving up ground. The PowerShares Global Clean Energy (PBD) was off by $1.03, or 3.9%, to $25.32. The PowerShares Global Water (PIO) was losing 59 cents, or 2.5%, to $23.32. The Market Vectors Global Alternative Energy (GEX) ETF was down 98 cents, or 2.3%, to $41.10. The iShares S&P Global Utilities (JXI) slumped $1.09, or 1.8%, to $59.29.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,755.74 | 1,165.31 | 2,389.99 | 36.53 |
Oil *
81.43
|
|
UP
22.07
|
DOWN
0.90
|
UP
0.90
|
UP
0.11
|
10 Yr
3.65%
SPDR Gold
109.81
|
|
+0.21%
|
-0.08%
|
+0.04%
|
+0.30%
|
Data delayed 20 minutes |
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