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) -- Stocks continue to decline for the third straight day on Thursday after jobless claims unexpectedly rose and


(CSCO) - Get Cisco Systems Inc. Report

announced disappointing results.

Tech ETFs are suffering the brunt of the decline after Cisco missed revenue estimates and gave a cautious outlook. The

Internet Architecture HOLDRS

( IAH), which has a 12% exposure to Cisco, is shedding 2%. The

iShares S&P North America Tech-Multimedia Networking ETF

(IGN) - Get iShares North American Tech-Multimedia Networking ETF Report

, which has a 9% holding in Cisco, is down 3.3%.

Other tech ETFs such as

PowerShares Semiconductor ETFs

(PSI) - Get Invesco Dynamic Semiconductors ETF Report


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SPDR S&P International Sector


are also declining on weak investor sentiment.

Solar ETFs were prominent gainers amid selling on Thursday morning. On Tuesday

LDK Power




( SPWRA) announced strong results and raised their guidance spurring further buying interest in the sector.

Claymore/MAC Global Solar Energy

(TAN) - Get Invesco Solar ETF Report


Market Vectors Solar ETF


are rising by 2.3% and 1.7% respectively.

Gold ETFs are also up as gold prices inch higher to $1214.70 an ounce. The

SPDR Gold Trust

(GLD) - Get SPDR Gold Shares ETF Report

is gaining 1% in afternoon trading. ETFs tracking gold miners are doing better, with the

Market Vectors Junior Gold Miners ETF

(GDXJ) - Get VanEck Junior Gold Miners ETF Report

rising 3.3% and the

Market Vectors Gold Miners ETF

(GDX) - Get VanEck Gold Miners ETF Report

rising 2.5%.

-- Reported by Shanthi Venkataraman in New York.

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Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.