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Bundled securities tracking semiconductors were among the best performers of a strong week, as the sector benefited from an upgrade of Intel (INTC Quote) on Friday.
Goldman Sachs raised its rating for Intel to buy from neutral, capping off the stock's 11% rise for the week. Other strong names in the group were Applied Materials (AMAT Quote), KLA-Tencor (KLAC Quote), Texas Instruments (TXN Quote) and Linear Technology (LLTC Quote).
The Ultra Semiconductor ProShares (USD Quote) ETF added 10% to $85.66. The Semiconductor HOLDRs (SMH Quote) finished 4.1% higher at $38.24. The iShares Goldman Sachs Semiconductor (IGW Quote) ETF climbed 3.4% to $66.57, and the SPDR S&P Semiconductor (XSD Quote) ETF rose 2.7% to $53.51. ...
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