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,
surged 5% after Bear Stearns named the search engine one of its top picks. Elsewhere,
were all higher by 2% or more.
Ultra Semiconductor ProShares
was higher by $3.10, or 3.6%, to $89.79. The
was adding $1.56, or 2.6%, to $60.46. The
rose 87 cents, or 2.3%, to $38.76. The
Ultra Technology ProShares
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.
Ultra Oil & Gas ProShares
was rising $3.92, or 4.1%, to $100.21. The
SPDR S&P Oil & Gas Exploration & Production
was up $1.03, or 2.4%, to $44.14. The
iShares Dow Jones U.S. Oil & Gas Exploration Index
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%.
SPDR Barclays Capital TIPS
was down 59 cents, or 1.2%, to $48.34. The
SPDR Lehman Long-Term Treasury
was off 55 cents, or 1.1%, to $51.26. The
SPDR Lehman Intermediate-Term Treasury
was losing 41 cents, or 0.8%, to $53.52.
was also lower as
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.