Market Wrap-Up

Oil continued its historic run Wednesday. The price of a barrel of crude crossed the $144 level, up almost $3 on a two-million-barrel dip in weekly inventories and continuing concerns about escalating tensions in the Middle East. That news was coupled with a series of disappointing corporate events.

General Motors

Merrill Lynch

Blockbuster

Circuit City

Citigroup

Yahoo

Microsoft's

Winners

Investors had been exiting the

PowerShares India Portfolio ETF

Losers

For the last two days solar ETFs have sold off over concerns Spain would cut government incentives enjoyed by the industry.

Market Vectors Solar Energy

Claymore/MAC Global Solar Energy

Material stocks also took a hit. Market Vectors Coal dipped 10.4%. This could be due to a little bear-market pessimism and some profit taking, too.

Thursday's Notebook

Economic Data

Initial Jobless Claims (8:30 a.m.), Nonfarm Payrolls (8:30 a.m.), Unemployment Rate (8:30 a.m.), ISM Non-Manufacturing Composite index (10 a.m.), Business Barometer (10 a.m.)

Quick Take

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