Exchange-traded funds tracking the Internet sector were among the top performers of Friday's session, thanks to a potential blockbuster deal for Internet giant Yahoo! (YHOO) . According to the New York Post, Microsoft (MSFT) - Get Microsoft Corporation (MSFT) Report wants Yahoo! to enter formal discussions for what the report said could be a $50 billion deal. Yahoo! was surging 18.4%.
Among other Internet names,
were all higher by 2% or more.
was the best performer of the day, adding $3.21, or 5.3%, to $63.62. The
First Trust Dow Jones Internet Index
was climbing 58 cents, or 2.3%, to $25.34. The
Internet Infrastructure HOLDRs
was gaining 9 cents, or 1.8%, at $5.15.
HealthShares Emerging Cancer
ETF was another of the day's winners. Shares of
surged nearly 12% ahead of the Food and Drug Administration's expected May 15 ruling on the company's Provenge drug.
The ETF was recently up 72 cents, or 2.7%, to $27.30.
On the other hand, housing-related exchange-traded funds were among the biggest losers of Friday's session. Among individual names,
was losing 1.1%, and
iShares Dow Jones U.S. Home Construction
ETF was recently falling by 49 cents, or 1.3%, at $36.54. The
ETF was down 36 cents, or 1%, to $34.57.
Bundled securities tracking oil and gas services were also higher, despite a dip in crude prices. Recently, the front-month June contract was down 17 cents to $63.02 a barrel. Crude oil prices have now fallen more than 5% since last week's close.
Ultra Oil & Gas ProShares
was adding $1.33, or 1.5%, to $88.33. The
SPDR Oil & Gas Equipment & Services
ETF was recently up 48 cents, or 1.4%, to $34.76. The
Oil Services HOLDRs
ETF gained $1.75, or 1.1%, to $162.95.