Tech ETFs Add To Gains
It was another positive day for the
tech-focused exchange-traded funds Wednesday with the Semiconductor HOLDR
getting a boost from Salomon Smith Barney’s upgrade of the chip industry.
The
Semiconductor HOLDR
(
SMH |
Quote |
Chart |
News |
PowerRating) rose 10.4%, the day’s biggest gain among the ETFs.
The basket of chip stocks encountered resistance at its 50-day moving average.
Among its component stocks, Analog Devices
(
ADI |
Quote |
Chart |
News |
PowerRating) moved ahead 12.1%, Altera
(
ALTR |
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News |
PowerRating)
10.6%, Applied Materials
(
AMAT |
Quote |
Chart |
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PowerRating) 7.7%, Broadcom
(
BRCM |
Quote |
Chart |
News |
PowerRating) 7.0%, Intel
(
INTC |
Quote |
Chart |
News |
PowerRating)
11.1%.
The Nasdaq 100 Tracking Stock
(
QQQ |
Quote |
Chart |
News |
PowerRating)
added 5.1%, the Internet Infrastructure HOLDR
(
IIH |
Quote |
Chart |
News |
PowerRating) 4.0%, the Dow Jones
Technology iShares
(
IYW |
Quote |
Chart |
News |
PowerRating) 3.9%, the Technology SPDR
(
XLK |
Quote |
Chart |
News |
PowerRating) 3.6%, the
Internet HOLDR
(
HHH |
Quote |
Chart |
News |
PowerRating) 2.9%.
On the downside, some money flowed out
of the defensives. The Pharmaceutical HOLDR
(
PPH |
Quote |
Chart |
News |
PowerRating) lost 2.8%, the Dow Jones
Healthcare iShares
(
IYH |
Quote |
Chart |
News |
PowerRating) 2.3%, the Consumer Staples SPDR
(
XLP |
Quote |
Chart |
News |
PowerRating) 1.9%.
