OIH Weak Because of Baker Hughes (BHI, OIH)

The Oil Service HOLDRs ETF OIH is weak today because of extreme weakness in shares of Baker Hughes BHI tweets HCPG. Baker Hughes, which is a rig operator, is the largest component of the OIH at 12.95%. Baker Hughes is getting killed today after the company lowered its outlook, down more than $7 to $43.08. You can follow more of HCPG's tweets here.