Skip to main content

Intel's McAfee Bid Lifts Software ETFs

Software ETFs with an exposure to McAfee were gaining in Thursday morning trading.

NEW YORK (

TheStreet

) --

Intel's

(INTC) - Get Intel Corporation Report

$7.6 billion bid for

McAfee

(MFE)

gave a boost to select software ETFs with exposure to the security provider.

The

Internet HOLDRS

(HHH)

is rising 1.3%. The ETF has a 3.8% exposure to McAfee.

PowerShares Dynamic Networking

(PXQ) - Get Invesco Dynamic Networking ETF Report

and

Scroll to Continue

TheStreet Recommends

iShares S&P North American Technology

(IGV) - Get iShares Expanded Tech-Software Sector ETF Report

also received buyer attention because of their holding in the stock, which is surging nearly 58% on news of the bid.

Retail ETFs headed lower as the earnings season continues to bring in mixed results and a spike in initial jobless claims intensified growth concerns. The

SPDR Retail ETF

(XRT) - Get SPDR Retail ETF Report

and

Retail HOLDRS

(RTH) - Get VanEck Vectors Retail ETF Report

were falling 1.4% and 1.3% respectively.

Broad market selling following weak economic data sent a number of ETFs into the negative territory including solar ETFs and homebuilder ETFs, both of which gained in yesterday's trading session. Weak market sentiment however, sent gold ETFs and treasury ETFs higher. The

SPDR Gold Trust

(GLD) - Get SPDR Gold Shares ETF Report

is rising 0.5%. The

iShares Barclays 20+year

(TLT) - Get iShares 20+ Year Treasury Bond ETF Report

is up 1.8% in Thursday forenoon trading.

-- Reported by Shanthi Venkataraman in New York.

Follow TheStreet.com on

Twitter

and become a fan on

Facebook.

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