Bundled securities tracking the Internet sector were among the best performing exchange-traded funds Monday, as several individual names supported a jump in the tech sector.
Internet stocks were led higher by a 4.5% gain in
(VRSN) was up 3.6%,
(AKAM) was higher by 2% and
(ELNK) tacked on 1.6%.
Internet Infrastructure HOLDRs
(IIH) was the best performer of the Internet ETFs, adding 10 cents, or 1.9%, to $5.21. The
First Trust Dow Jones Internet Index
(FDN) was higher by 37 cents, or 1.5%, at $25.65. The
(HHH) was climbing 79 cents, or 1.3%, at $61.54.
(BDH) ETF was another of the day's winners. Holdings
(BRCM) were all rising by 2% or more.
The Broadband HOLDRs was gaining 27 cents, or 1.7%, to $16.69.
HealthShares Emerging Cancer
ETF was also up, thanks to a nearly 6% rise in shares of
. Dendreon said early Monday it will reduce its workforce by 40, or 18% of its staff, after the Food and Drug Administration earlier this month requested more information regarding the company's prostate cancer vaccine, Provenge.
The HealthShares Emerging Cancer ETF was recently up 33 cents, or 1.4%, to $23.18.
On the losing side, oil-related ETFs were down as crude retreated from earlier highs. Recently, the June front-month contract was off by 13 cents to $64.81 a barrel. Crude had pushed to $65.38 before falling lower. Natural gas was also losing ground, down 8 cents to $7.86 per million British thermal units.
United States Natural Gas
ETF was shedding 0.8% to $52.27. The
PowerShares DB Oil
ETF was down 0.5% to $26.38. The
iPath Goldman Sachs Crude Oil Index
dipped 0.1% to $36.60.
Retailer-related ETFs were pressured by declines of 1% or more in
Consumer Staples Select Sector SPDR
eased 0.5% to $27.56, and the
was down 0.3% at $104.28.