Basic-materials ETFs were among the best performers Tuesday, as
rose nearly 3% after the copper producer terminated its bid for Canadian mining company
iShares Dow Jones U.S. Basic Materials
ETF was gaining 0.7%, and both the
Materials Select Sector SPDR
ETF and the
Vanguard Materials VIPERs
ETF were higher by 0.5%.
ETFs tracking semiconductors were rising after Thomas Weisel upgraded chipmaker
Advanced Micro Devices
to outperform from peer-perform, sending the stock up 4.1%.
ETF was adding 1.5% to $48.16. The
PowerShares Dynamic Semiconductors
ETF was gaining 1% to $16.87, and the
iShares Goldman Sachs Semiconductor
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
ETF was recently higher by $1.31, or 2.1%, to $63.45. The
iShares COMEX Gold Trust
ETF was climbing $1.25, or 2%, to $63.53.
On the flip side, the
B2B Internet HOLDRs
ETF was weak, as holding
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
ETF was losing 1.2%. Both the
iShares Dow Jones U.S. Utilities
ETF and the
ETF were down 1.1%.