Defensive ETFs Lead, Tech ETFs Weaken

The defensive exchange-traded funds
outperformed Tuesday as tech-focused ETFs came under profit-taking.

The Pharmaceutical HOLDR
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gained 1.7%, the day’s biggest gain among the exchange-traded funds. The Dow
Jones Healthcare iShares
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rose 1.1%, the Consumer Staples SPDR
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XLP |
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0.9%.

On the downside, the Internet
Infrastructure HOLDR
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IIH |
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lost 9.2%, the Dow Jones Internet iShares
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IYV |
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8.1%, the B2B Internet HOLDR
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BHH |
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6.0%, the Internet HOLDR
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HHH |
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5.9%,
the Dow Jones Technology iShares
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IYW |
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5.6%, the Nasdaq 100 Tracking Stock
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QQQ |
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5.6%, the Software HOLDR
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SWH |
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5.2%, the Internet Architecture HOLDR
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IAH |
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5.2%.