Yawn

As across the major indexes, Monday
delivered a mixed, muted session in the exchange-traded funds, with tech-focused
securities pulling back and Old Economy issues getting a mild lift.

You know it’s a dull day when the
Consumer Staples SPDR
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leads the U.S.-focused href=”/.site/funds/feducation/welcome/02292000-4509.cfm”>exchange-traded
funds.

The ETF gained 1.9%, thanks to a lift
from some of the big drug stocks — Merck
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up 2.4%, Pharmacia
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2.3% — and 2.0% rise in Coca-Cola
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, another weighty component. The Dow
Jones Healthcare
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iShares added 0.9%.

The Diamonds
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, which track
the Dow Jones industrial average, gained 1.6%, the Dow Jones Basic Materials
iShares
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1.7%, the Cyclicals-Transportation SPDR
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1.4%.

On the downside, the Telecom HOLDR
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lost 2.2%, the Broadband HOLDR
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2.1%, the Dow Jones Telecommunications
iShares
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1.9%, the Internet Architecture HOLDR
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1.9%, the
Technology SPDR
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1.6%.

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