NEW YORK ( TheStreet) -- Technology ETFs took a knock on Thursday, a day after Adobe Systems ( ADBE) issued a forecast that was below analyst expectations.

Software HOLDRS ( SWH), which has a nearly 10% exposure to Adobe was falling 2.3% to $41.71. iShares S&P North American Tech-Software ( IGV), with a 6.5% stake, was shedding 1.7% to $44.56.

Semiconductor ETFs were also falling steeply in overall tech weakness. SPDR S&P Semiconductors ETF ( XSD) was sliding 2.2% to $42.87.

Gold and treasury ETFs were in favor on Thursday as traders poured money into safe havens amid a weaker dollar. Market Vectors Gold Miners ETF ( GDX) was rising 0.7% to $56.05. Other precious metals were also rising, with the ETFS Physical Palladium Shares ( PALL) also rising 1.3%.

Base metals were also stronger, with the Global X Copper Miners ( COPX) rising 1.5% and the Emerging Global's Emerging Market Metals and Mining Titans ( EMT) rising 1.3%.

More signs of defensive buying were evident in the performance of utility ETFs. The iShares Dow Jones Utility ETF was up 0.6%.

-- Written by Shanthi Venkataraman in New York

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