NEW YORK (

TheStreet

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

Cisco

(CSCO) - Get 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 Report

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

Other tech ETFs such as

PowerShares Semiconductor ETFs

(PSI) - Get Report

and

SPDR S&P International Sector

(IPK)

are also declining on weak investor sentiment.

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

LDK Power

(LDK)

and

SunPower

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

Claymore/MAC Global Solar Energy

(TAN) - Get Report

and

Market Vectors Solar ETF

(KWT)

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 Report

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

Market Vectors Junior Gold Miners ETF

(GDXJ) - Get Report

rising 3.3% and the

Market Vectors Gold Miners ETF

(GDX) - Get 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.