Tech ETFs Off, Telecom ETFs Up

• May 7, 2001
• Loren Fleckenstein

The tech-focused exchange-traded funds
Monday consolidated for the most part while the telecom-focused ETFs made slight
gains.

The Internet Infrastructure HOLDR
(
IIH |
Quote |
Chart |
News |
PowerRating)
lost 6.6%, the day’s sharpest loss among the exchange-traded
funds.  

The B2B Internet HOLDR
(
BHH |
Quote |
Chart |
News |
PowerRating)
pulled back 3.6%, the Dow Jones Internet iShares
(
IYV |
Quote |
Chart |
News |
PowerRating) 3.1%, the Software
HOLDR
(
SWH |
Quote |
Chart |
News |
PowerRating) 2.4%, the Internet HOLDR
(
HHH |
Quote |
Chart |
News |
PowerRating) 2.2%, the Nasdaq 100 Tracking
Stock
(
QQQ |
Quote |
Chart |
News |
PowerRating) 2.1%.

The Oil Services HOLDR
(
OIH |
Quote |
Chart |
News |
PowerRating)
gave up 1.7% on heavy volume.

On the upside, the
Telecom HOLDR
(
TTH |
Quote |
Chart |
News |
PowerRating) edged up 1.1%, the Dow Jones Telecommunications iShares
(
IYZ |
Quote |
Chart |
News |
PowerRating) 1.0%.