OIH Weak Because of Baker Hughes (BHI, OIH)

The Oil Service HOLDRs ETF

is weak today because of extreme weakness in shares of Baker Hughes

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