In sector ETFs, disappointing results from KB Home (NYSE: KBH) offset a rise in pending home sales as builder ETFs lost ground. [Homebuilder ETFs Decline]

In the commodities complex, oil ETFs rallied 3% on supply concerns. [Oil ETFs Jump]

Also Wednesday, Treasury ETFs continued their losing ways after a lackluster bond auction. [Treasury ETF Damage Centered in 5-Year Note]

SPDR S&P 500 ETF (NYSEArca: SPY)