ETF Trends
05-05-2008, 01:40 PM
ETF Trends - Keeping a Grip on Exchange Traded Funds (ETFs)
http://www.etftrends.com/images/2008/05/05/image.jpg (http://etftrends.typepad.com/photos/uncategorized/2008/05/05/image.jpg) Yahoo has some splainin' to do - a shareholder sell-off sent technology and internet exchange traded funds (ETFs) lower this morning.
Shares for Yahoo (YHOO (http://finance.yahoo.com/q?s=yhoo)) fell more than 16% midday after Microsoft (MSFT (http://finance.yahoo.com/q?s=msft)) took back its offer of $47.5 billion after months of back-and-forth, reports Michael Liedtke for the Associated Press (http://biz.yahoo.com/ap/080505/microsoft_yahoo.html). CEO Jerry Yang may only have a few months to convince Wall Street that refusing the takeover bid was a wise move. If he doesn't, analysts are predicting he could be replaced or forced to accept another, lower, offer.
The Internet HOLDRs (HHH (http://finance.yahoo.com/q?s=HHH)) took an especially huge hit in early trading, down nearly 4%. Yahoo is the fund's largest holding, with 27.1% of the assets. The fund had been down as much as 6.8% earlier in the day, reports Tomi Kilgore for Thomson Financial (http://www.forbes.com/markets/feeds/afx/2008/05/05/afx4969544.html).
Among the other technology ETFs trading lower today are:
Morgan Stanley Technology (MTK (http://finance.yahoo.com/q?s=MTK)): Yahoo is 4%; Microsoft is 2.7%; down 5.1% year-to-date
Vanguard Information Technology (VGT (http://finance.yahoo.com/q?s=vgt)): Microsoft is 11.3%; Yahoo is 1.1%; down 6.6% year-to-date
iShares Dow Jones US Technology (IYW (http://finance.yahoo.com/q?s=iyw)): Microsoft is 12.4%; Yahoo is 1.7%; down 7% year-to-datehttp://www.etftrends.com/images/2008/05/05/z.png (http://etftrends.typepad.com/photos/uncategorized/2008/05/05/z.png)
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/284095110/yahoo-shares-fa.html)
http://www.etftrends.com/images/2008/05/05/image.jpg (http://etftrends.typepad.com/photos/uncategorized/2008/05/05/image.jpg) Yahoo has some splainin' to do - a shareholder sell-off sent technology and internet exchange traded funds (ETFs) lower this morning.
Shares for Yahoo (YHOO (http://finance.yahoo.com/q?s=yhoo)) fell more than 16% midday after Microsoft (MSFT (http://finance.yahoo.com/q?s=msft)) took back its offer of $47.5 billion after months of back-and-forth, reports Michael Liedtke for the Associated Press (http://biz.yahoo.com/ap/080505/microsoft_yahoo.html). CEO Jerry Yang may only have a few months to convince Wall Street that refusing the takeover bid was a wise move. If he doesn't, analysts are predicting he could be replaced or forced to accept another, lower, offer.
The Internet HOLDRs (HHH (http://finance.yahoo.com/q?s=HHH)) took an especially huge hit in early trading, down nearly 4%. Yahoo is the fund's largest holding, with 27.1% of the assets. The fund had been down as much as 6.8% earlier in the day, reports Tomi Kilgore for Thomson Financial (http://www.forbes.com/markets/feeds/afx/2008/05/05/afx4969544.html).
Among the other technology ETFs trading lower today are:
Morgan Stanley Technology (MTK (http://finance.yahoo.com/q?s=MTK)): Yahoo is 4%; Microsoft is 2.7%; down 5.1% year-to-date
Vanguard Information Technology (VGT (http://finance.yahoo.com/q?s=vgt)): Microsoft is 11.3%; Yahoo is 1.1%; down 6.6% year-to-date
iShares Dow Jones US Technology (IYW (http://finance.yahoo.com/q?s=iyw)): Microsoft is 12.4%; Yahoo is 1.7%; down 7% year-to-datehttp://www.etftrends.com/images/2008/05/05/z.png (http://etftrends.typepad.com/photos/uncategorized/2008/05/05/z.png)
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/284095110/yahoo-shares-fa.html)