Tech ETFs Poke New Hole In Bottom
The tech-focused tradable funds headed
lower Monday with the Semiconductor HOLDR’s breaking support and making an
all-time low.
The Internet Infrastructure HOLDR
(
IIH |
Quote |
Chart |
News |
PowerRating)
fell 12.1%, the day’s sharpest loss among the exchange-traded funds. Among its
component stocks, Akamai
(
AKAM |
Quote |
Chart |
News |
PowerRating) fell 17.9%, the BEA Systems
(
BEAS |
Quote |
Chart |
News |
PowerRating)
15.6%, Epiphany
(
EPNY |
Quote |
Chart |
News |
PowerRating) 24.8%, Exodus Communications
(
EXDS |
Quote |
Chart |
News |
PowerRating) 23.5%.
The B2B Internet HOLDR
(
BHH |
Quote |
Chart |
News |
PowerRating)
dropped 9.6%, the Internet HOLDR
(
HHH |
Quote |
Chart |
News |
PowerRating) 9.3%, the Dow Jones Internet iShares
(
IYV |
Quote |
Chart |
News |
PowerRating) 7.6%, the Semiconductor HOLDR
(
SMH |
Quote |
Chart |
News |
PowerRating) 6.7%, the Nasdaq 100 Tracking
Stock
(
QQQ |
Quote |
Chart |
News |
PowerRating) 4.5%.
The Biotech HOLDR
(
BBH |
Quote |
Chart |
News |
PowerRating), which had
tried to run counter to the tech trend, gave up 5.8%. The Dow Jones Healthcare
iShares
(
IYH |
Quote |
Chart |
News |
PowerRating) and the Pharmaceutical HOLDR
(
PPH |
Quote |
Chart |
News |
PowerRating) etched similar
patterns, losing 3.2% and 2.6%, respectively.
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