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) -- Technology ETFs took a knock on Thursday, a day after

Adobe Systems

(ADBE) - Get Free Report

issued a forecast that was below analyst expectations.

Software HOLDRS


, which has a nearly 10% exposure to Adobe was falling 2.3% to $41.71.

iShares S&P North American Tech-Software

(IGV) - Get Free Report

, with a 6.5% stake, was shedding 1.7% to $44.56.

Semiconductor ETFs were also falling steeply in overall tech weakness.

SPDR S&P Semiconductors ETF

(XSD) - Get Free Report

was sliding 2.2% to $42.87.

Gold and treasury ETFs were in favor on Thursday as traders poured money into safe havens amid a weaker dollar.

Market Vectors Gold Miners ETF

(GDX) - Get Free Report

was rising 0.7% to $56.05. Other precious metals were also rising, with the

ETFS Physical Palladium Shares

(PALL) - Get Free Report

also rising 1.3%.

Base metals were also stronger, with the

Global X Copper Miners

(COPX) - Get Free Report

rising 1.5% and the Emerging Global's

Emerging Market Metals and Mining Titans

( EMT) rising 1.3%.

More signs of defensive buying were evident in the performance of utility ETFs. The iShares Dow Jones Utility ETF was up 0.6%.

-- Written by Shanthi Venkataraman in New York

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Shanthi Venkataraman


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