Energy ETFs Gain on Ho-Hum Day

Market Wrap-Up

This shortened trading week got off to a rocky start Monday when oil briefly crossed the $143 mark. But as black gold pulled back to $140 per barrel the market finally got in gear — albeit it wasn't exactly in overdrive. Blue chips like General Electric (GE) and Intel (INTC) posted small gains. The averages were kept in check, though, by the usual suspects: financials. Traders continued to worry about the health of these beleaguered stocks, especially their ability to maintain dividends and meet profit projections. The Dow Jones Industrial Average gained 4 points to 11,350, sealing a 14% loss for the first half of the year.

Winners

It was another decent day for energy ETFs that focused on the energy industry. SPDR S&P Oil & Gas Exploration & Production (XOP), an ETF that includes Exxon Mobil (XOM), Apache (APA) and Chesapeake Energy (CHK), gained 2.5%. Market Vectors Coal (KOL) also turned in a nice day. This commodity play has been running up on forecasts of supply shortages amid increased consumer and commercial electricity use (coal fires everything from power plants to smelters). It increased 2.6%.

Losers

Financial-services ETFs continued to bring up the rear. Bloomberg said MBIA (MBI) was selling assets to meet payment requirements triggered by a Moody's downgrade. There were also worries about some companies' dividends and their profit outlook for the immediate future. The SPDR KBW Regional Banking ETF (KRE) dropped 4%. This fund has lost 25% in 2008. The iShares Dow Jones U.S. Broker-Dealers ETF (IAI), which owns Goldman Sachs (GS), Morgan Stanley (MS) and Merrill Lynch (MER), pulled back 2.3%.

Monday's Industry Headlines

Closing Down: The board of directors of Realty Funds announced it was liquidating effective July 31 seven Adelante Shares ETFs that focused on real estate. (July 24 will be the last day of trading.) Click here to view the full press release.

Tuesday's Notebook

Earnings
Apollo Group, Constellation Brands, WD-40

Economic Data
Chain Store Sales (7:45 a.m.), Retail Sales (8:55 a.m.), Construction Spending (10 a.m.), ISM Manufacturing Business Index (10 a.m.)

Quick Take

A look at how the industry's most popular ETFs did on Monday.

10 Largest ETFs
Symbol	Net Assets	Price	52 Week High	52 Week Low	Volume
SPY	77,056	127.96	156.39	127.7	252,879,579
EFA	47,565	68.7	85.64	67.18	16,039,127
EEM	27,269	135.58	165.39	117.49	17,133,644
GLD	NA	91.32	99.81	64.2	7,243,916
IVV	16,710	128	156.65	127.92	3,754,964
QQQQ	17,586	45.16	55.03	41.17	131,492,906
IWF	14,092	55.16	63.64	52.79	4,760,480
SHY	8,988	82.87	84.49	79.69	792,284
VTI	10,808	64.12	77.66	63.14	1,010,565
IWD	8,900	69.05	89.3	68.88	2,199,811