Tuesday's ETF Winners & Losers
Tech-related exchange-traded funds were trading up Tuesday, as big gains in semiconductor and Internet names led the broader market higher.
Among individual names,
Yahoo!
(YHOO)
surged 5% after Bear Stearns named the search engine one of its top picks. Elsewhere,
Amazon.com
(AMZN) - Get Report
,
Texas Instruments
(TXN) - Get Report
,
Applied Materials
(AMAT) - Get Report
and
Intel
(INTC) - Get Report
were all higher by 2% or more.
The
Ultra Semiconductor ProShares
(USD) - Get Report
was higher by $3.10, or 3.6%, to $89.79. The
Internet HOLDRS
(HHH)
was adding $1.56, or 2.6%, to $60.46. The
Semiconductor HOLDRS
(SMH) - Get Report
rose 87 cents, or 2.3%, to $38.76. The
Ultra Technology ProShares
(ROM) - Get Report
was up $1.69, or 2.1%, to $82.49.
Bundled securities tracking the energy sector were also on the rise as Hurricane Felix was churning about 65 miles off the coast of Nicaragua and was set to make landfall as a category 5 storm. Meanwhile, tropical storm Henriette strengthened into a hurricane on the western side of Mexico. The October front-month crude contract was rising 71 cents at $74.75 a barrel.
The
Ultra Oil & Gas ProShares
(DIG) - Get Report
was rising $3.92, or 4.1%, to $100.21. The
SPDR S&P Oil & Gas Exploration & Production
(XOP) - Get Report
was up $1.03, or 2.4%, to $44.14. The
iShares Dow Jones U.S. Oil & Gas Exploration Index
(IEO) - Get Report
was adding $1.38, or 2.5%, to $55.82.
On the other hand, Treasury-related ETFs were declining as investors pulled out of bonds and moved money into equities. Recently, the 10-year note was down 3/32 in price, raising the yield to 4.56%. The 30-year bond was off 5/32 in price, yielding 4.84%.
The
SPDR Barclays Capital TIPS
(IPE)
was down 59 cents, or 1.2%, to $48.34. The
SPDR Lehman Long-Term Treasury
(TLO)
was off 55 cents, or 1.1%, to $51.26. The
SPDR Lehman Intermediate-Term Treasury
(ITE)
was losing 41 cents, or 0.8%, to $53.52.
The
Retail HOLDRs
(RTH) - Get Report
was also lower as
Home Depot
(HD) - Get Report
dropped 5% after the home repair retailer said it would spend $10.7 billion to buy back stock. The ETF was down 83 cents, or 0.8%, $101.12.