NEW YORK (
) -- Semiconductor ETFs were in demand on Friday after
(ORCL - Get Report)
said at an analyst meeting that it would consider buying a chip company.
SPDR S&P Semiconductor ETF
was up 3.8%. The ETF has a 4.3% exposure to
Advanced Micro Devices
(AMD - Get Report)
which was up 6% to $6.80 even as it cut its revenue forecast for the third quarter, citing poor PC demand. Markets, however, gave the stock a thumbs up as the lower demand was already priced in.
iShares North American Semiconductor ETF
also rose nearly 4%. The fund has an exposure to prominent chipmakers including
(INTC - Get Report)
(MU - Get Report)
(AMAT - Get Report)
Oil equipment sector ETFs were also attracting interest on Friday after Brazilian oil major
successfully raised $70 billion. The
Oil Services ETF
was up 3.4%.
European ETFs were also seeing enhanced interest on Friday after a gauge of business sentiment in Germany unexpectedly rose. The
iShares MSCI Spain Index
jumped 4%. The
SPDR S&P Euro Stoxx 50
was up 3.9%. ETFs investing in France, Netherlands and Poland were also rising.
--Written by Shanthi Venkataraman in New York
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