ETF Movers: Biotech ETFs On the Moves Following ImClone Offer

July 31, 2008 3:37 PM EDT

ETF Movers:

SPDR S&P Biotech (AMEX: XBI) is 5% higher following Bristol-Myers's (NYSE: BMY) $60 takeover offer from Imclone (Nasdaq: IMCL). Other biotech ETFs are higher: iShares Nasdaq Biotechnology (IBB) +2.6% and Biotech HOLDRs (AMEX: BBH) +0.8%.

Market Vectors Coal ETF (NYSE: KOL) is 3% lower today

Market Vectors Steel ETF (AMEX: SLX) is 2.6% lower today following two sessions of upside moves following strong earnings results from some steel companies.

iShares Dow Jones US Healthcare Provider (NYSE: IHF) is 2.4% higher.

Market Vectors Gold Miners ETF (AMEX: GDX) is 1% higher as gold rebounds 1% today.


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Stocks Mentioned

BBH 96.41

-0.27 -0.28%
Volume: 190,005
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BMY 24.46

+0.43 +1.79%
Volume: 24,664,695
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GDX 50.82

-0.28 -0.55%
Volume: 12,131,750
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IHF 45.13

+0.02 +0.04%
Volume: 31,063
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IMCL 69.99

+0.00 +0.00%
Volume: 853,172
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KOL 34.57

-0.14 -0.40%
Volume: 356,301
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SLX 58.17

-0.12 -0.21%
Volume: 434,406
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XBI 50.17

-0.05 -0.10%
Volume: 99,831
Track XBI


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