This Week's ETF Winners & Losers

Stock quotes in this article: KBH , IBM , JNPR , SAP , SLV , ITB , SWH  

Tech earnings propped up several exchange-traded funds during a week where the Dow Jones Industrial Average topped the 14,000 level for the first time.

The Internet Architecture HOLDRs (IAH Quote) was one of the week's best performers, as holdings IBM (IBM Quote) and Juniper Networks (JNPR Quote) jumped on better-than-expected earnings Thursday.

The Internet Architecture HOLDRs ended the week with a gain of 2.8% at $51.44.

The Software HOLDRs (SWH Quote) also benefited from strong earnings results. German business software giant SAP (SAP Quote), which is one of the ETF's holdings, saw second-quarter revenue and operating income jump 10%. The ETF climbed 2.5% on the week to $42.72.

Elsewhere, ETFs tracking silver were among the winners, as silver futures jumped 2.2% to close at $13.40 an ounce. The iShares Silver Trust (SLV Quote) climbed 2.1% to $132.32. The PowerShares DB Silver (DBS Quote) ETF added 2% to $26.17.

Gold-related ETFs also rose. Futures ended higher by 2.6% at $684.70 an ounce. The Market Vectors Gold Miners (GDX Quote) ETF added 4.2% to $43.04. The iShares Comex Gold Trust (IAU Quote) closed higher by 2.5% to $67.65. The streetTRACKS Gold Shares (GLD Quote) ETF gained 2.4% to end the week at $67.60.

Financial-related ETFs were hit hardest during the week. On Wednesday, Bear Stearns (BSC Quote) told investors that investments in two subprime-related funds are nearly worthless, reigniting fears of the effects of the subprime fallout. Bear Stearns dropped 5.7% over the five sessions.

  • Loading Comments...
  •  
< Previous
1 2

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin

Recent Comments





Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,297.23 1,093.37 2,171.91 33.79
Oil *
75.41
DOWN
92.88
DOWN
9.88
DOWN
17.70
DOWN
0.69
10 Yr
3.38%
SPDR Gold
112.33
-0.89%
-0.90%
-0.81%
-2.00%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services