Semiconductor-related exchange-traded funds were among the big winners Tuesday, thanks to positive earnings news out of
The chipmaker earned a profit of 35 cents a share, a gain of 2 cents a share on last year and comfortably ahead of Thomson Financial's 31-cent analysts' target. The company also said that second-quarter earnings should top estimates.
ETF was recently up 2.5% to $36.85. The
Ultra Semiconductor ProShares
ETF was adding 2.5% at $78.42. The
iShares Goldman Sachs Semiconductor
ETF was higher by 1.7% at $64.80. The
SPDR S&P Semiconductor
ETF gained 1.7% to $52.13.
Internet Architecture HOLDRs
ETF was another of the day's best performers, thanks to a 4.2% rise in holding
Earlier, IBM said it will increase its dividend by 10 cents to 40 cents a share. The company also authorized an addition of $15 billion to its share-buyback program. The Internet Architecture HOLDRs ETF was recently adding 48 cents, or 1.1%, to $43.49.
Among losers, the
B2B Internet HOLDRs
ETF sank nearly 3%, as holding
slumped 1.1%. The ETF was off 6 cents, or 2.8%, to $2.11.
Housing-related ETFs also were among the worst performers of the session following a report from the National Association of Realtors, who said existing-home sales fell 8.4% in March to 6.12 million annualized units, the largest drop in more than 18 years. Analysts had been planning on a decline, but only to a 6.5 million pace from 6.69 million in February.
ETF was losing 50 cents, or 1.4%, to $34.14. The
iShares Dow Jones U.S. Home Construction
ETF was recently down 51 cents, or 1.4%, at $36.