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Amazon.com Shares Push the Internet HOLDRs ETF Higher Friday, October 22, 10:40 AM ET, by Market News Video Staff After the bell yesterday, Amazon.com (AMZN) posted strong earnings for the third quarter, propelling shares ...
Amazon.com Shares Push the Internet HOLDRs ETF Higher
By Market News Video Staff, Friday, October 22, 10:40 AM ET
After the bell yesterday, Amazon.com (NASDAQ:AMZN) posted strong earnings for the third quarter, propelling shares higher on Friday morning. While shares initially dipped on the lackluster guidance, the stock has followed a similar pattern of other technology stocks this week.
The Internet HOLDRs ETF started the day in the red, but has since turned higher as Amazon.com accounts for almost 45% of the portfolio. Other positions in the ETF's portfolio include eBay (NASDAQ:EBAY) and Yahoo! (NASDAQ:YHOO), both of which reported earnings this week.
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