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Friday's ETF Winners & Losers

Internet-related funds led the way, buoyed by merger talks between Yahoo! and Microsoft.

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,

Amazon.com

(AMZN) - Get Amazon.com, Inc. Report

,

RealNetworks

(RNWK) - Get RealNetworks, Inc. Report

,

eBay

(EBAY) - Get eBay Inc. Report

and

Time Warner

(TWX)

were all higher by 2% or more.

The

Internet HOLDRs

(HHH)

was the best performer of the day, adding $3.21, or 5.3%, to $63.62. The

First Trust Dow Jones Internet Index

(FDN) - Get First Trust Dow Jones Internet Index Fund Report

was climbing 58 cents, or 2.3%, to $25.34. The

Internet Infrastructure HOLDRs

(IIH)

was gaining 9 cents, or 1.8%, at $5.15.

The

HealthShares Emerging Cancer

(HHJ)

ETF was another of the day's winners. Shares of

Dendreon

(DNDN)

surged nearly 12% ahead of the Food and Drug Administration's expected May 15 ruling on the company's Provenge drug.

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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,

Beazer Homes

(BZH) - Get Beazer Homes USA, Inc. Report

dropped 2.4%,

Pulte Homes

(PHM) - Get PulteGroup, Inc. Report

slumped 1.6%,

D.R. Horton

(DHI) - Get D.R. Horton, Inc. Report

was losing 1.1%, and

Toll Brothers

(TOL) - Get Toll Brothers, Inc. Report

eased 0.8%.

The

iShares Dow Jones U.S. Home Construction

(ITB) - Get iShares U.S. Home Construction ETF Report

ETF was recently falling by 49 cents, or 1.3%, at $36.54. The

SPDR Homebuilders

(XHB) - Get SPDR S&P Homebuilders ETF Report

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.

The

Ultra Oil & Gas ProShares

(DIG) - Get ProShares Ultra Oil & Gas Report

was adding $1.33, or 1.5%, to $88.33. The

SPDR Oil & Gas Equipment & Services

(XES) - Get SPDR S&P Oil & Gas Equipment & Services ETF Report

ETF was recently up 48 cents, or 1.4%, to $34.76. The

Oil Services HOLDRs

(OIH) - Get VanEck Vectors Oil Services ETF Report

ETF gained $1.75, or 1.1%, to $162.95.