Wednesday's ETF Winners & Losers

The Internet HOLDRs(HHH Quote) was the biggest loser of exchange-traded funds Wednesday after its largest holding, Yahoo!(YHOO Quote), posted mixed second-quarter results and warned that its planned search-engine upgrade would be pushed out into the fourth quarter. Shares of the Internet giant were recently trading down $6.51, or 20%, to $25.73. The Internet ETF, meanwhile, was trading down $3.32, or 7%, to $46.22.

ETFs tracking financial services companies got a boost from better-than-expected earnings at JP Morgan (JPM Quote), Bank of America(BAC Quote) and Bank of New York(BK Quote). The Financial Select Sector SPDR (XLF Quote) gained 78 cents, or 2.5%, to $32.53; the streetTRACKS KBW Capital Markets (KCE Quote) fund rose $2.31, or 4%, to $55.59; and the iShares Dow Jones U.S. Financial Services (IYG Quote) ETF jumped $3.52, or 3%, to $119.14.

The iShares Nasdaq Biotechnology Index(IBB Quote) rose 3% as the fund's major holdings headed higher. The ETF's biggest holding, Amgen(AMGN Quote), rose 77 cents to $64.95. Vertex Pharmaceuticals(VRTX Quote) jumped $2.06 to $35. Celgene(CELG Quote), meanwhile, added $1.38 to $46.55. The biotech ETF recently was trading up $2.35 to $70.29. ...