In trading on Wednesday, the SPDR S&P Telecom ETF (AMEX:XTL) is outperforming other ETFs, up about 3.6% on the day. Components of that ETF showing particular strength include shares of Clearwire (NASDAQ:CLWR), up about 8% and shares of Alaska Communications Systems Group (NASDAQ:ALSK), up about 4.2% on the day.
And underperforming other ETFs today is the Software HOLDRS ETF (SWH), off about 5.4% in Wednesday afternoon trading. Among components of that ETF with the weakest showing on Wednesday were shares of Oracle (NASDAQ:ORCL), lower by about 13.6%, and shares of Tibco Software (NASDAQ:TIBX), lower by about 12.8% on the day.
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