Tech Sags; Consumer, Finance Hold up
Tech-focused exchange-traded funds
slumped again Tuesday while consumer and financial funds bucked the trend.
The Internet Infrastructure HOLDR
(
IIH |
Quote |
Chart |
News |
PowerRating)
lost 11.1%, the day’s sharpest loss among the exchange-traded
funds. Among its components, Exodus Communications
(
EXDS |
Quote |
Chart |
News |
PowerRating) shed
8.8%, BEA Systems
(
BEAS |
Quote |
Chart |
News |
PowerRating) 12.2%, Inktomi
(
INKT |
Quote |
Chart |
News |
PowerRating) 12.3%.Â
The Dow Jones Internet iShares
(
IYV |
Quote |
Chart |
News |
PowerRating)
fell 9.3%, the Broadband HOLDR
(
BDH |
Quote |
Chart |
News |
PowerRating) 9.2%, B2B Internet HOLDR
(
BHH |
Quote |
Chart |
News |
PowerRating)
7.7%, Nasdaq 100 Tracking Stock
(
QQQ |
Quote |
Chart |
News |
PowerRating) 6.3%, Internet HOLDR
(
HHH |
Quote |
Chart |
News |
PowerRating) 5.8%,
the Dow Jones Technology iShares
(
IYW |
Quote |
Chart |
News |
PowerRating) 5.6%, Internet Architecture HOLDR
(
IAH |
Quote |
Chart |
News |
PowerRating)
4.5%, Semiconductor HOLDR
(
SMH |
Quote |
Chart |
News |
PowerRating) 4.2%, the Technology SPDR
(
XLK |
Quote |
Chart |
News |
PowerRating) 3.8%.
The Consumer Services SPDR
(
XLV |
Quote |
Chart |
News |
PowerRating)
rose 1.9%, the Financial SPDR
(
XLF |
Quote |
Chart |
News |
PowerRating) 1.1%.
The top field of all charts in this
commentary uses a logarithmic price scale and displays a 50-day price average in
red. In the second field, a
blue relative strength line represents the displayed security’s price
performance relative to the S&P 500. The third field displays vertical daily
volume bars in black with a 50-day moving average in blue for volume.