Wednesday's ETF Winners & Losers
Exchange-traded funds tracking semiconductors were among the worst performers Wednesday, after a bearish analyst report on expected chip prices and
Micron Technology's
(MU) - Get Report
disappointing quarter.
Micron was sliding nearly 9% after swinging to a fiscal fourth-quarter loss, while Merrill Lynch initiated coverage of
Intel
(INTC) - Get Report
,
Advanced Micro Devices
(AMD) - Get Report
and
Nvidia
(NVDA) - Get Report
with underweight ratings.
The
Ultra Semiconductor ProShares
(USD) - Get Report
was shedding $3.71, or 4.1%, to $87.58. The
Semiconductor HOLDRs
(SMH) - Get Report
was losing 89 cents, or 2.23, to $38.07. The
iShares S&P GSTI Semiconductor
(IGW)
was off $1.49, or 2.2%, to $67.53.
Funds tracking Chinese markets also were among the losers. Hong Kong's Hang Seng index lost 719.81 points overnight.
The
iShares FTSE/Xinhua China 25 Index
(FXI) - Get Report
was losing $11.09, or 5.9%, to $178.40. The
SPDR S&P China
(GXC) - Get Report
was shedding $5.67, or 5.8%, to $92.94. The
PowerShares Golden Dragon Halter USX China
(PGJ) - Get Report
was off $1.61, or 4.6%, to $33.21.
Funds tracking homebuilders were among the session's few winners, as several holdings continued their run-up a second day.
Beazer Homes
(BZH) - Get Report
,
Standard Pacific
(SPF)
and
Brookfield Homes
(BHS)
were all up more than 3.5%.
The
iShares Dow Jones US Home Construction
(ITB) - Get Report
was gaining 60 cents, or 2.7%, to $22.46. The
iShares FTSE NAREIT Residential
(REZ) - Get Report
was adding 79 cents, or 1.7%, to $48.70.
Biotech- and pharmaceutical-related funds also were among the winners.
Arena Pharmaceuticals
(ARNA) - Get Report
,
Imclone Systems
(IMCL)
and
Genzyme
(GENZ)
were all adding more than 3%.
The
SPDR S&P Biotech
(XBI) - Get Report
was gaining $1.01, or 1.7%, to $59.56. The
Ultra Health Care ProShares
(RXL) - Get Report
was tacking on 75 cents, or 1%, to $74.70. The
Pharmaceutical HOLDRs
(PPH) - Get Report
was adding 74 cents, or 0.9%, to $81.82.