StreetInsider.com ETF Movers: Financial ETFs Crushed (XLF, KBE, KRE, RKH); Semi ETF (SMH) Sees a Bid

August 7, 2008 3:52 PM EDT

StreetInsider.com ETF Movers:

Financial ETFs are lower again following the large losses at AIG (NYSE: AIG) and the auction rate securities settlement at Citigroup (NYSE: C). Financial Select Sector SPDR (AMEX: XLF) down 5.5%, KBW Bank ETF (AMEX: KBE) down 6%, KBW Regional Banking ETF (AMEX: KRE) down 3.3%, Regional Bank HOLDRs (AMEX: RKH) down 3%.

iShares Dow Jones US Broker-Dealers (NYSE: IAI) is down 4% as the i-banks see major selling after recent rallies off the lows. Holding Merrill Lynch (NYSE: MER) is down 9%, Lehman Brothers (NYSE: LEH) is down 12.7%.

Semiconductor HOLDRs (AMEX: SMH) is 2.2% higher. Nothing specific, but traders a moving into some of the larger holding in the ETF including Applied Materials Inc. (Nasdaq: AMAT) up 3%. Some have suggested fast money is moving out of commodities and into tech.


Related Categories

Insiders' Blog
Special Reports

Stocks Mentioned

AIG 34.68

-0.32 -0.91%
Volume: 4,239,637
Track AIG

AMAT 12.43

+0.08 +0.65%
Volume: 7,812,567
Track AMAT

C 4.17

-0.04 -0.95%
Volume: 200,979,853
Track C

IAI 27.80

-0.17 -0.61%
Volume: 505,355
Track IAI

KBE 21.97

-0.02 -0.09%
Volume: 2,808,187
Track KBE

KRE 20.98

-0.16 -0.76%
Volume: 1,880,874
Track KRE

LEH 0.13

+0.00 +0.00%
Volume: 0
Track LEH

MER 11.64

+0.00 +0.00%
Volume: 49,928,111
Track MER

RKH 77.86

-0.35 -0.45%
Volume: 349,200
Track RKH

SMH 25.65

+0.13 +0.51%
Volume: 6,246,300
Track SMH

XLF 14.67

-0.03 -0.20%
Volume: 44,097,565
Track XLF


Related Entities


Add Your Comment