Energy ETFs Rise on Crude Prices

Stocks rose Thursday amid contrasting indicators, including a successful Treasurys auction, news of a record quarterly jump in mortgage delinquencies and rising oil prices. Bankruptcy appeared imminent for General Motors (GM), sparking a flurry of fast-money trades. Financial stocks got a slight lift after several sessions of heavy selling. The Dow Jones Industrial Average rose 103 points to close at 8303. For a complete rundown of Thursday’s trading session see our market story. 

The United States Natural Gas fund (UNG) rebounded 8.7% as gas prices bounced back Thursday after a period of declines. Rising oil prices helped push shares of the Market Vectors Russia fund (RSX) up 5.1%.

The SPDR S&P Homebuilders fund (XHB) slid 2.5% after reports that April new housing sales were far short of expectations and mortgage delinquencies rose to 9.1% in the first quarter. High yields on Wednesday's 10-year Treasury auction could trigger mortgage rate increases, further stifling demand. The Japanese yen fell against the dollar after large investment outflows from Japan, dropping the CurrencyShares Japanese Yen Trust (FXY) 1.8%.

Earnings and Conference Calls
Graham, Royal Bank of Canada, Tiffany

Economic Data
8:30 a.m. 1Q Preliminary GDP
8:30 a.m. 1Q Corporate Profits
9:45 a.m. May Chicago PMI
10:00 a.m. End-May Reuters/Univ. Michigan Sentiment Index

A look at how the industry's most popular ETFs did on Thursday: