Bundled securities tracking semiconductors were among the best performers of a strong week, as the sector benefited from an upgrade of
Goldman Sachs raised its rating for Intel to buy from neutral, capping off the stock's 11% rise for the week. Other strong names in the group were
Ultra Semiconductor ProShares
ETF added 10% to $85.66. The
finished 4.1% higher at $38.24. The
iShares Goldman Sachs Semiconductor
ETF climbed 3.4% to $66.57, and the
SPDR S&P Semiconductor
ETF rose 2.7% to $53.51.
Securities tracking crude oil were also among the gainers, even after the front-month July contract had a rough start to the week. Crude oil finished the week with a gain of 5% at $68 a barrel.
Ultra Oil & Gas ProShares
added 9.8% to $102.97. The
Oil Services HOLDRs
ended the week up 6.2% to $177.65. The
SPDR S&P Oil & Gas Equipment & Services
ETF gained 5.9% to $37.35. The
iPath S&P Crude Oil Index
added 5.1% to $37.89.
Internet Infrastructure HOLDRs
was also among the winners of the week, thanks to advances of 7% or more in holdings
. The ETF ended higher by 3% to $5.55.
Housing ETFs suffered losses during the week, following the
regional business survey, known as the beige book. In the report, several regions reported continued weakness in residential construction and real estate.
Among individual names,
fell 3.3% and
finished the week down 3.2%.
For the week, the
iShares Dow Jones U.S. Home Construction
ETF fell 2.8% to finish at $34.32. The
ETF shed 2.2% to $33.11.