ETF Trends
04-07-2008, 02:30 PM
ETF Trends - Keeping a Grip on Exchange Traded Funds (ETFs)
http://www.etftrends.com/images/2008/04/07/romance.jpg (http://etftrends.typepad.com/photos/uncategorized/2008/04/07/romance.jpg) Yahoo (YHOO (http://finance.yahoo.com/q?s=yhoo)) is playing hard-to-get with Microsoft (MSFT (http://finance.yahoo.com/q?s=msft)), and the coyness is having mixed results in the technology exchange traded funds (ETFs).
Microsoft has given Yahoo a three-week deadline to accept its $42 billion takeover offer, but Yahoo says it can do better, reports Franklin Paul for Reuters (http://biz.yahoo.com/rb/080407/yahoo_microsoft_response.html). Yahoo stock is down 1.5% midday, while Microsoft is up slightly, 0.14% midday. If Yahoo accepts the deal, it will be the biggest takeover in the high-tech industry.
Technology ETFs have been showing mixed results in trading so far today:
Internet HOLDRs (HHH (http://finance.yahoo.com/q?s=hhh)): down 0.2% midday; down 3.6% year-to-date. Yahoo is 20.4% of assets.
Technology Select Sector SPDR (XLK (http://finance.yahoo.com/q?s=xlk)): up 1.1% midday; down 12.4% year-to-date. Microsoft is 11.3% of assets.
iShares Dow Jones US Technology (IYW (http://finance.yahoo.com/q?s=iyw)): up 0.9% midday; down 13% year-to-date. Microsoft is 11.9% of assets.http://www.etftrends.com/images/2008/04/07/z_2.png (http://etftrends.typepad.com/photos/uncategorized/2008/04/07/z_2.png)
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/265839037/technology-etfs.html)
http://www.etftrends.com/images/2008/04/07/romance.jpg (http://etftrends.typepad.com/photos/uncategorized/2008/04/07/romance.jpg) Yahoo (YHOO (http://finance.yahoo.com/q?s=yhoo)) is playing hard-to-get with Microsoft (MSFT (http://finance.yahoo.com/q?s=msft)), and the coyness is having mixed results in the technology exchange traded funds (ETFs).
Microsoft has given Yahoo a three-week deadline to accept its $42 billion takeover offer, but Yahoo says it can do better, reports Franklin Paul for Reuters (http://biz.yahoo.com/rb/080407/yahoo_microsoft_response.html). Yahoo stock is down 1.5% midday, while Microsoft is up slightly, 0.14% midday. If Yahoo accepts the deal, it will be the biggest takeover in the high-tech industry.
Technology ETFs have been showing mixed results in trading so far today:
Internet HOLDRs (HHH (http://finance.yahoo.com/q?s=hhh)): down 0.2% midday; down 3.6% year-to-date. Yahoo is 20.4% of assets.
Technology Select Sector SPDR (XLK (http://finance.yahoo.com/q?s=xlk)): up 1.1% midday; down 12.4% year-to-date. Microsoft is 11.3% of assets.
iShares Dow Jones US Technology (IYW (http://finance.yahoo.com/q?s=iyw)): up 0.9% midday; down 13% year-to-date. Microsoft is 11.9% of assets.http://www.etftrends.com/images/2008/04/07/z_2.png (http://etftrends.typepad.com/photos/uncategorized/2008/04/07/z_2.png)
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/265839037/technology-etfs.html)