Stem Cells Lift Biotech HOLDR
The Biotech HOLDR led a rally among
the tradable tech funds Thursday, while the Energy Spider fell with crude.
The Biotech HOLDR
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BTK |
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PowerRating) surged
4.1%, the day’s biggest gain among the exchange-traded
funds. Components of the basket of biotechs moved in sympathy with
stocks of stem-cell research firms.Â
The group rallied on news that the
federal government would fund research involving embryonic stem cells. StemCells
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PowerRating) moved ahead 2 9/32 to 9 21/32, Geron
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PowerRating) 6 3/16 to 31 11/16.
The Internet HOLDR
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HHH |
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2.2%, the Nasdaq 100 Tracking Stock
(
QQQ |
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PowerRating) 1.6%, the B2B Internet HOLDR
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BHH |
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1.5%, the Dow Jones Internet Index iShares
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IYV |
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PowerRating) 1.4%.
On the downside, the Energy SPDR
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PowerRating)
lost 2.4%, the sharpest loss among the ETFs. Crude oil prices fell 39 cents to $31.63 a
barrel on the New York Mercantile Exchange. The White House suggested the
government could tap the strategic petroleum reserve to ease high heating oil prices this winter.
