Friday's ETF Winners & Losers

Semiconductor- and Internet-related funds rallied with the market Friday.

Author:: TSC Staff
Publish date:: Jun 8, 2007 1:02 PM EDT

Tech-related exchange-traded funds rebounded along with the larger market Friday, aided by a big rise in

National Semiconductor

(NSM)

The chipmaker was up 14%, after reporting earnings that beat Wall Street's expectations.

Texas Instruments

(TXN) - Get Report

and

Advanced Micro Devices

(AMD) - Get Report

both also were up more than 2%.

Ultra Semiconductor ProShares

(USD) - Get Report

was benefiting, rising $2.45, or 3.3%, to $76.35.

Semiconductor HOLDRs

(SMH) - Get Report

was gaining 80 cents, or 2.3%, to $36.49. The

iShares Goldman Sachs Semiconductor

(IGW)

was adding $1.34, or 2.1%, to $63.95. The

SPDR S&P Semiconductor

(XSD) - Get Report

was ascending 72 cents, or 1.4%, to $51.59.

Internet-related funds also were making gains.

Akamai Technologies

(AKAM) - Get Report

was soaring more than 7% after an analyst upgrade.

Yahoo!

(YHOO)

and

Earthlink

(ELNK)

also were making gains.

The Internet Infrastructure HOLDRs

(IIH)

was tacking on 12 cents, or 2.3%, to $5.33. The

Internet HOLDRs

(HHH)

was adding 69 cents, or 1.2%, to $60.49.

The

Biotech HOLDRs

(BBH) - Get Report

also was on the rise, thanks to gains for

Genentech

(DNA)

and

Amgen

(AMGN) - Get Report

. The ETF was adding $1.58, or 0.9%, to $178.04.

Bundled securities tracking precious metals and energy did not participate in Friday's rally. Oil futures were trading down $1.19 to $65.74 a barrel, as fears subsided about damage caused by a cyclone in the Persian Gulf. Metals prices, meanwhile, slid as the dollar rallied against foreign currencies. The July gold contract was losing $13.50 to $648.80, while silver was off 40 cents to $13.08.

PowerShares DB Silver

(DBS) - Get Report

was losing 94 cents, or 3.5%, to $25.58. The

iShares Silver

(SLV) - Get Report

was off $4.28, or 3.2%, to $129.35. The

PowerShares DB Gold

(DGL) - Get Report

was sinking 58 cents, or 2.2%, to $25.54. The

StreetTracks Gold Shares

(GLD) - Get Report

was shedding $1.23, or 2%, to $64.03.