NEW YORK (
) -- Lackluster trading interest ahead of the July 4 holidays kept ETF action muted on Friday, despite disappointing job numbers and factory order data.
SPDR S&P 500 ETF
ended the day down 0.54% to $102.02. Volumes picked up towards the later half of the trading session but were still below the average 271 million. Other popular ETFs, including the
SPDR Dow Jones Industrial Average
were also trading weak on light volumes.
Factory orders declined 1.4% in June, posting the biggest drop in nine months. The news helped push the
Industrial Select Sector SPDR
down 1.61% to $26.91. But the fund recovered in later trading to end flat.
Financial Select Sector SPDR
shed 1.17% to $13.52 on weak data, led by declines in
Bank of America
, two if its top holdings.
Biotech ETFs were in the limelight on an otherwise dull trading day. Stocks of
are up on speculation that they may be possible takeover targets for
SPDR S&P Biotech Fund
was among the ETFs that attracted buying interest in morning trading, climbing 1.57% to $51.36. But it ultimately gave up its gains in later trading and ended the trading session up 0.70%.
was a major gainer, climbing 1.94% at $87.87.
First Trust NYSE Arca Biotech Fund
PowerShares Dynamic Biotech & Genome
also attracted interest.
PowerShares DB Base Metal fund
witnessed early interest gaining over 1 % in the morning session before cooling off later in the day to close up 0.84% at $18.01. The fund has an exposure to industrial metals copper, aluminum and zinc.
-- Reported by Shanthi Venkataraman in New York.
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