Internet-related exchange-traded funds were among the top performers of Friday's session, as M&A activity boosted both the sector and the major averages.
Before the opening bell,
(MSFT) said it will acquire Internet marketer
(AQNT) for $6 billion in cash. The deal values shares of aQuantive at $66.50, an 83% premium over its last close.
aQuantive jumped more that 77% following the news, and other individual names were bidding higher as well.
(RNWK) was rising 2.8%,
(AKAM) added 2.6%, and
(YHOO), which Microsoft had pursued earlier this month, was up 2.1%.
Internet Infrastructure HOLDRs
(IIH) was adding 13 cents, or 2.6%, to $5.13. The
First Trust Dow Jones Internet Index
(FDN) was higher by 60 cents, or 2.5%, at $25.22.
Bundled securities tracking crude oil were also among the winners, as the front-month June contract continued its recent ascent. Crude was last up 25 cents to $65.11 a barrel, a gain of 4.4% for the week.
Ultra Oil & Gas ProShares
was adding $2.47, or 2.7%, to $94.08. The
SPDR Oil & Gas Exploration & Production
ETF was recently up 72 cents, or 1.6%, to $45.65. The
PowerShares Dynamic Energy Exploration
ETF gained 33 cents, or 1.5%, to $22.50.
Retailer-related ETFs were getting a boost from a 4.2% climb in shares of
was up 1.1% at $104.31, and the
SPDR S&P Retail
added 33 cents, or 0.8%, to $42.97.
HealthShares Emerging Cancer
ETF was one of very few losers for the day.
eased 3%, and the HealthShares Emerging Cancer ETF was recently down 0.4%.