Tech ETFs Weaken Again

  • May 11, 2001
  • Loren Fleckenstein

Friday proved another down day for the
tech-focused exchanged traded funds while the upside was limited to sub-1%
moves.

The B2B Internet HOLDR
(
BHH |
Quote |
Chart |
News |
PowerRating) gave
up 7.6%, the day’s biggest decline among the exchange-traded funds.

The Internet Infrastructure HOLDR
(
IIH |
Quote |
Chart |
News |
PowerRating)
shed 5.6%, the Dow Jones Internet iShares
(
IYV |
Quote |
Chart |
News |
PowerRating) 5.1%, the Software HOLDR
(
SWH |
Quote |
Chart |
News |
PowerRating)
2.6%, the Broadband HOLDR
(
BDH |
Quote |
Chart |
News |
PowerRating) 2.3%, the Internet HOLDR
(
HHH |
Quote |
Chart |
News |
PowerRating) 2.2%, the
Dow Jones Technology iShares
(
IYW |
Quote |
Chart |
News |
PowerRating) 2.0%.

On the upside, the Dow Jones Utilities
iShares
(
IDU |
Quote |
Chart |
News |
PowerRating) eked out a 0.9% gain, aided by California Gov. Gray Davis’
decision to issue bonds to pay for emergency electricity supplies.

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