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), Texas Instruments ( TXN), Applied Materials ( AMAT) and Intel ( INTC) were all higher by 2% or more.

The Ultra Semiconductor ProShares ( USD) 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) rose 87 cents, or 2.3%, to $38.76. The Ultra Technology ProShares ( ROM) 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) was rising $3.92, or 4.1%, to $100.21. The SPDR S&P Oil & Gas Exploration & Production ( XOP) was up $1.03, or 2.4%, to $44.14. The iShares Dow Jones U.S. Oil & Gas Exploration Index ( IEO) 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) was also lower as Home Depot ( HD) 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.

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