Tech ETFs Pullback In Good Order
The tech-focused exchange-traded funds
pulled back Monday but well within limits of healthy consolidation. Most of the
down moves were characterized by inside days or light volume, or both.
The Technology SPDR
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XLK |
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PowerRating) dropped
7.9%, the day’s biggest decline among the ETFs. Among its components, Microsoft
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MSFT |
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6.5%.
The Broadband HOLDR
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BDH |
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5.9%, the Internet Infrastructure HOLDR
(
IIH |
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PowerRating) 5.4%, the Semiconductor HOLDR
(
SMH |
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PowerRating) 5.1%, the Dow Jones Technology iShares
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IYW |
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PowerRating) 3.7%, the B2B HOLDR
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BHH |
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PowerRating)
3.7%, the Internet Architecture HOLDR
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IAH |
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PowerRating) 3.0%.
On the upside, the Dow Jones Energy
iShares
(
IYE |
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PowerRating) gained 4.6%, the Energy SPDR
(
XLE |
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PowerRating) 1.9%, the Utilities
SPDR
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UTH |
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PowerRating) 1.6%, the Utilities iShares
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IDY |
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PowerRating) 1.5%.
