Exchange-traded funds tracking financials were among the best performers of the week, as positive earnings results from
boosted the sector.
Student loan lender
also jumped nearly 18% Monday, after it announced it will be acquired by an investor group led by J.C. Flowers in a $25 billion transaction.
Ultra Financials ProShares
ETF added 6.9% over the five sessions to finish at $69.80. The
iShares Dow Jones U.S. Financial Services
ETF gained 4.1% to $133.60. The
Financial Select Sector SPDR
ETF was higher by 4.1% to $37.12. The
iShares Dow Jones U.S. Broker-Dealers
climbed 2.8% to $55.69.
Semiconductor-related ETFs also finished the week with huge gains, thanks to positive quarterly earnings news out of
Ultra Semiconductor ProShares
ETF was adding 10% at $77.62. The
ETF ended up 5.1% to $36.23. The
SPDR S&P Semiconductor
ETF gained 4.1% to $51.50. The
iShares Goldman Sachs Semiconductor
ETF was higher by 3.7% at $64.20. The
PowerShares Dynamic Semiconductors
ETF climbed 3.2% to $18.99.
Housing-related ETFs were also winners for the week, following Tuesday's government report that said U.S. housing starts unexpectedly rose 0.8% in March to 1.518 million annualized units. Building permits also rose 0.8%, to 1.544 million, last month. On average, economists expected March starts to total 1.50 million, and for permits to dip to a 1.51 million annual pace.
iShares Dow Jones U.S. Home Construction
ETF was higher by 7.5% at $37.06. The
ETF ended the week up 6.8% to $35.09.
On the other hand,
sank Internet-related ETFs after the Web search engine disappointed investors with its earnings report after Thursday's close. For the week, Yahoo! fell 11.5%.
ETF dropped 4.2%, to $55.52. The
First Trust Dow Jones Internet Index
lost 0.4%, to $23.95.