NEW YORK (
) -- Technology ETFs took a knock on Thursday, a day after
(ADBE - Get Report)
issued a forecast that was below analyst expectations.
(SWH - Get Report)
, which has a nearly 10% exposure to Adobe was falling 2.3% to $41.71.
iShares S&P North American Tech-Software
, with a 6.5% stake, was shedding 1.7% to $44.56.
Semiconductor ETFs were also falling steeply in overall tech weakness.
SPDR S&P Semiconductors ETF
was sliding 2.2% to $42.87.
Gold and treasury ETFs were in favor on Thursday as traders poured money into safe havens amid a weaker dollar.
Market Vectors Gold Miners ETF
was rising 0.7% to $56.05. Other precious metals were also rising, with the
ETFS Physical Palladium Shares
also rising 1.3%.
Base metals were also stronger, with the
Global X Copper Miners
rising 1.5% and the Emerging Global's
Emerging Market Metals and Mining Titans
More signs of defensive buying were evident in the performance of utility ETFs. The iShares Dow Jones Utility ETF was up 0.6%.
-- Written by Shanthi Venkataraman in New York
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