In trading on Wednesday, the SPDR S&P Biotech ETF (NYSE:XBI) is outperforming other ETFs, up about 0.8% on the day. Components of that ETF showing particular strength include shares of Puma Biotechnology (NASDAQ:PBYI), up about 6.4% and shares of Clovis Oncology (NASDAQ:CLVS), up about 6.2% on the day.
And underperforming other ETFs today is the SPDR S&P Oil & Gas Exploration & Production ETF (NYSE:XOP), down about 3.7% in Wednesday afternoon trading. Among components of that ETF with the weakest showing on Wednesday were shares of Stone Energy (SGY), lower by about 8.7%, and shares of Halcon Resources (HK), lower by about 8.1% on the day.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.