Oil Services, Retail, Consumer Staples Sector Wrap Up February 25th 2010
February 25th, 2010
Market news is reporting that as of this afternoon: The oil services sector has not responded favorably to the news that Schlumberger announced on Monday it would acquire Smith International. The iShares Oil Equipment ETF (IEZ) has fallen more than three percent so far this week. The Retail HOLDRs ETF (RTH) is moving opposite of the general markets, gaining a little more than one percent this week. The iShares Consumer Staples ETF (IYK) is trading with the general markets, off about one percent on the week. See the video below:
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