Basic-materials ETFs were among the best performers Tuesday, as

Phelps Dodge

(PD) - Get Report

rose nearly 3% after the copper producer terminated its bid for Canadian mining company

Inco

(N)

.

The

iShares Dow Jones U.S. Basic Materials

(IYM) - Get Report

ETF was gaining 0.7%, and both the

Materials Select Sector SPDR

(XLB) - Get Report

ETF and the

Vanguard Materials VIPERs

(VAW) - Get Report

ETF were higher by 0.5%.

ETFs tracking semiconductors were rising after Thomas Weisel upgraded chipmaker

Advanced Micro Devices

(AMD) - Get Report

to outperform from peer-perform, sending the stock up 4.1%.

The

SPDR Semiconductor

(XSD) - Get Report

ETF was adding 1.5% to $48.16. The

PowerShares Dynamic Semiconductors

(PSI) - Get Report

ETF was gaining 1% to $16.87, and the

iShares Goldman Sachs Semiconductor

(IGW)

ETF was higher by 0.5% to $60.20.

In addition, precious metals were moving to the upside, as gold jumped by $14.40 to $647 an ounce. The

streetTRACKS Gold Shares

(GLD) - Get Report

ETF was recently higher by $1.31, or 2.1%, to $63.45. The

iShares COMEX Gold Trust

(IAU) - Get Report

ETF was climbing $1.25, or 2%, to $63.53.

On the flip side, the

B2B Internet HOLDRs

(BHH)

ETF was weak, as holding

Checkfree

(CKFR)

sank 1.2%. The B2B Internet HOLDRs was down 4 cents, or 2%, to $2.

Also among losers were utility-tracking ETFs. The

Utilities Select Sector SPDR

(XLU) - Get Report

ETF was losing 1.2%. Both the

iShares Dow Jones U.S. Utilities

(IDU) - Get Report

ETF and the

Utilities HOLDRs

(UTH)

ETF were down 1.1%.