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 Amazon.com (AMZN Quote). Elsewhere, VeriSign (VRSN Quote) was up 3.6%, Akamai Technologies (AKAM Quote) was higher by 2% and EarthLink (ELNK Quote) tacked on 1.6%. The Internet Infrastructure HOLDRs (IIH Quote) 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 Quote) was higher by 37 cents, or 1.5%, at $25.65. The Internet HOLDRs (HHH Quote) was climbing 79 cents, or 1.3%, at $61.54. The Broadband HOLDRs (BDH Quote) ETF was another of the day's winners. Holdings Corning (GLW Quote), Nortel (NT Quote) and Broadcom (BRCM Quote) were all rising by 2% or more. The Broadband HOLDRs was gaining 27 cents, or 1.7%, to $16.69. The HealthShares Emerging Cancer (HHJ Quote) ETF was also up, thanks to a nearly 6% rise in shares of Dendreon (DNDN Quote). 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. The United States Natural Gas (UNG Quote) ETF was shedding 0.8% to $52.27. The PowerShares DB Oil (DBO Quote) ETF was down 0.5% to $26.38. The iPath Goldman Sachs Crude Oil Index (OIL Quote) dipped 0.1% to $36.60. Retailer-related ETFs were pressured by declines of 1% or more in Lowe's (LOW Quote), Kohl's (KSS Quote) and Wal-Mart (WMT Quote). The Consumer Staples Select Sector SPDR (XLP Quote) eased 0.5% to $27.56, and the Retail HOLDRs (RTH Quote) was down 0.3% at $104.28.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
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