Tech ETFs Part Ways With Old Econ Kin
The tech-focused exchange-traded funds
staged gains Thursday while old economy, defensive and financial ETFS succumbed
to another round of distribution in their component stocks. The Biotech
HOLDR led the downside among the U.S.-focused tradable funds.
The Semiconductor HOLDR
(
SMH |
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PowerRating) rose
8.3%, the day’s biggest gain among the exchange-traded
funds. Among its components, Analog Devices
(
ADI |
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PowerRating) moved ahead
8.7%, Applied Materials
(
AMAT |
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PowerRating) 10.2%, Advanced Micro Devices
(
AMD |
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PowerRating)
13.6%, Broadcom
(
BRCM |
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PowerRating) 19.8%, Intel
(
INTC |
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PowerRating) 12.2%.
The Software HOLDR
(
SWH |
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PowerRating) gained
6.9%, the Broadband HOLDR
(
BDH |
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PowerRating) 3.4%, the Technology SPDR
(
XLK |
Quote |
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PowerRating) 2.6%,
the Internet Infrastructure HOLDR
(
IIH |
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Chart |
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PowerRating) 2.6%, the Dow Jones Technology
iShares
(
IYW |
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News |
PowerRating) 2.6%, the Nasdaq 100 Tracking Stock
(
QQQ |
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PowerRating) 2.0%.
On the downside, the Biotech HOLDR
(
BBH |
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PowerRating)
fell 7.0%, the Cyclicals-Transportation SPDR
(
XLY |
Quote |
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PowerRating) 5.8%, the Basic
Industries SPDR
(
XLB |
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PowerRating) 5.7%, the Dow Jones Chemical iShares
(
IYD |
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Chart |
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PowerRating) 5.5%,
the Dow Jones Energy iShares
(
IYE |
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Chart |
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PowerRating) 5.3%, the Industrial SPDR
(
XLI |
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PowerRating) 5.1%.
Among the financials, the Regional
Banking HOLDR
(
RKH |
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PowerRating) declined 5.4%, the Dow Jones Financial iShares
(
IYF |
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News |
PowerRating)
4.0%, the Financial SPDR
(
XLF |
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Chart |
News |
PowerRating) 3.8%.
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