Tuesday's ETF Winners & Losers

Funds tracking the tech sector are higher on the backs of semiconductor and Internet names.
Author:
Publish date:

Tech-related exchange-traded funds were trading up Tuesday, as big gains in semiconductor and Internet names led the broader market higher.

Among individual names,

Yahoo!

(YHOO)

surged 5% after Bear Stearns named the search engine one of its top picks. Elsewhere,

Amazon.com

(AMZN) - Get Report

,

Texas Instruments

(TXN) - Get Report

,

Applied Materials

(AMAT) - Get Report

and

Intel

(INTC) - Get Report

were all higher by 2% or more.

The

Ultra Semiconductor ProShares

(USD) - Get Report

was higher by $3.10, or 3.6%, to $89.79. The

Internet HOLDRS

(HHH)

was adding $1.56, or 2.6%, to $60.46. The

Semiconductor HOLDRS

(SMH) - Get Report

rose 87 cents, or 2.3%, to $38.76. The

Ultra Technology ProShares

(ROM) - Get Report

was up $1.69, or 2.1%, to $82.49.

Bundled securities tracking the energy sector were also on the rise as Hurricane Felix was churning about 65 miles off the coast of Nicaragua and was set to make landfall as a category 5 storm. Meanwhile, tropical storm Henriette strengthened into a hurricane on the western side of Mexico. The October front-month crude contract was rising 71 cents at $74.75 a barrel.

The

Ultra Oil & Gas ProShares

(DIG) - Get Report

was rising $3.92, or 4.1%, to $100.21. The

SPDR S&P Oil & Gas Exploration & Production

(XOP) - Get Report

was up $1.03, or 2.4%, to $44.14. The

iShares Dow Jones U.S. Oil & Gas Exploration Index

(IEO) - Get Report

was adding $1.38, or 2.5%, to $55.82.

On the other hand, Treasury-related ETFs were declining as investors pulled out of bonds and moved money into equities. Recently, the 10-year note was down 3/32 in price, raising the yield to 4.56%. The 30-year bond was off 5/32 in price, yielding 4.84%.

The

SPDR Barclays Capital TIPS

(IPE)

was down 59 cents, or 1.2%, to $48.34. The

SPDR Lehman Long-Term Treasury

(TLO)

was off 55 cents, or 1.1%, to $51.26. The

SPDR Lehman Intermediate-Term Treasury

(ITE)

was losing 41 cents, or 0.8%, to $53.52.

The

Retail HOLDRs

(RTH) - Get Report

was also lower as

Home Depot

(HD) - Get Report

dropped 5% after the home repair retailer said it would spend $10.7 billion to buy back stock. The ETF was down 83 cents, or 0.8%, $101.12.