Net ETFs Lead Bounce
The Net-focused exchange-traded funds
led their peers Monday while the financials managed mild gains ahead of Tuesday’s
Federal Reserve rate-setting meeting.
The Internet Infrastructure HOLDR
(
IIH |
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PowerRating)
gained 11.4% on its heaviest volume in 10 weeks. It was the strongest
advance among the
exchange-traded funds. Among its heaviest components, BEA Systems
(
BEAS |
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PowerRating)
rose 14.7%, Exodus Communications
(
EXDS |
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PowerRating) 12.1%. Those stocks remain in
major downtrends, and the moves came on mediocre volume.
The Broadband HOLDR
(
BDH |
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PowerRating) rose
10.4%, the B2B Internet HOLDR
(
BHH |
Quote |
Chart |
News |
PowerRating) 9.3%, the Internet HOLDR
(
HHH |
Quote |
Chart |
News |
PowerRating) 6.1%,
the Wireless HOLDR
(
WMH |
Quote |
Chart |
News |
PowerRating) 6.0%, the Biotech HOLDR
(
BBH |
Quote |
Chart |
News |
PowerRating) 5.8%, the Nasdaq
100 Tracking Stock
(
QQQ |
Quote |
Chart |
News |
PowerRating) 5.3%, the
Semiconductor HOLDR
(
SMH |
Quote |
Chart |
News |
PowerRating) 4.0%, the Dow Jones Technology iShares
(
IYW |
Quote |
Chart |
News |
PowerRating)
3.9%, the Internet Architecture HOLDR
(
IAH |
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Chart |
News |
PowerRating) 3.8%.
The Dow Jones Financial Services
iShares
(
IYG |
Quote |
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News |
PowerRating) added 1.8%, the Regional Banking HOLDR
(
RKH |
Quote |
Chart |
News |
PowerRating) 1.7%, the Dow
Jones Financial iShares
(
IYF |
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News |
PowerRating) 1.5%, the Financial SPDR
(
XLF |
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Chart |
News |
PowerRating) 1.2%.
