Friday's ETF Winners & Losers
Robert Holmes
03/23/07 - 03:30 PM EDT
The
iShares Dow Jones Transportation Index (IYT) exchange-traded fund was one of Friday's best performers. Holding
CSX (CSX) rose 3.5% after the company's chief executive said the company should have a stronger second half of 2007. The ETF was higher by $1.26, or 1.4%, to $88.93.
Also among winners, the
PowerShares Lux Nanotech (PXN) ETF rose as holdings
Arrowhead Research (ARWR) and
Cambridge Display Technology (OLED) were rising by more than 4%. The ETF was higher by 21 cents, or 1.2%, to $17.48.
On the other hand, the
Biotech HOLDRs (BBH) ETF was sinking. Holding
Genentech (DNA) said first-quarter revenue will be unchanged from the fourth quarter, and the stock was falling 3.9%.
Meanwhile,
Amgen (AMGN) was down 3.9% on word it would stop work on a colon cancer trial involving its drug Vectibix in combination with other medications. The Biotech HOLDRs was losing $4.19, or 2.3%, to $177.64.
ETFs tracking metals and mining were also declining. Gold slid $6.90 to close at $657.30 an ounce, and silver lost 25 cents to $13.23 an ounce.
The
iShares Silver Trust (SLV) slumped 1.9% to $131.32. The
iShares COMEX Gold Trust (IAU) ETF was giving back 0.9% to $65.24. The
streetTRACKS Gold Shares (GLD) ETF was falling 0.9% to $65.15. The
Market Vectors Gold Miners (GDX) ETF was recently down 0.9% to $39.61.