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Stock ETFs Led Higher By Oil, Materials, Small Caps

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Major stock index ETFs were higher Friday, trading at new highs and on the way to weekly gains of close to 1%.

SPDR S&P 500 ( SPY ) was up 0.2% at 123.01 on the stock market today and PowerShares QQQ ( QQQ ) was up 0.1% Friday, both amid strong late morning volume on the NYSE and Nasdaq markets.

United States Oil Fund ( USO ) rose 1.7%. The ETF, which tracks the spot price of West Texas intermediate light sweet crude oil, jumped 1.6%. The International Energy Agency raised its forecast for expected demand for oil and said OPEC was adhering to its pledge to restrain output.

The price of WTI was up 1.89% at $54 a barrel.

Energy Select Sector SPDR ( XLE ) was up 0.8%. Top holdings Chevron ( CVX ) was up 0.6% and Exxon Mobil (XOM) was up 0.4%.

Materials Select Sector SPDR (XLB) was up 0.8%. Top holdings Dow Chemical (DOW), DuPont (DD) and Monsanto (MON) were all higher. Freeport McMoRan (FCX) shot 6% higher.

SPDR Gold Shares (GLD) was down a fraction at 117.10. The gold commodity ETF has risen 10% from its Dec. 15 low, but it's still 10% below its 52-week high of 131.15.

IShares Russell 2000 (IWM), which tracks the small-cap Russell 2000 index, rose 0.6%. It's trading near its all-time high and has formed a flat base.

IBD'S TAKE:Exxon Mobil is the top holding in the SPDR energy ETF, but learn why this stock is rated most highly by IBD in the integrated oil and gas industry group.

12 Bellwether ETFs

Here's a look at the performance of major exchange traded funds across key asset classes on the stock market today.

The Relative Price Strength (RS) Rating measures a stock's price performance over the last 12 months vs. all stocks and ETFs, on a scale of 1 to a best-possible 99.

SPDR S&P 500 ( SPY ), +0.2%, RS 52

PowerShares QQQ ( QQQ ), +0.3%, RS 63

SPDR Dow Jones Industrial Average (DIA), +0.4%, RS 57

IShares Core S&P Mid-Cap (IJH), +0.4%, RS 65

IShares Russell 2000 (IWM), +0.6%, RS 71

IShares MSCI EAFE (EFA), 0%, RS 39

Vanguard FTSE Emerging Markets (VWO), +0.5%, RS 57

SPDR Gold Shares (GLD), -0.1%, RS 18

United States Oil ( USO ), +1.6%, RS 63

IShares Core U.S. Aggregate Bond (AGG), -0.1%, RS 20

PowerShares DB U.S.$ Bullish (UUP), +0.3%, RS 34

IPath S&P 500 VIX Short-Term Futures (VXX), -1.7%, RS 1

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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