Market Wrap-Up

It was looking like a relatively tame five trading sessions until investors started looking the weekend in the face. On Friday morning,

General Electric

Winners

Bears headed into the weekend with a big smile on their face. The pummeling GE shares took also dragged down the broad market. The

ProShares UltraShort S&P 500 fund

As for the week, the big winner was black gold. A unexpected decrease in crude inventories announced in the middle of the week shot oil past $112 per barrel, a record price for the commodity. It eventually settled back down to $110. But that pop helped the MacroShares Oil Up ETF gain 5.1% in heavy trading.

Losers

General Electric caught investors off guard. Its shares sank 13% and pushed down several industrial ETFs. The

iShares Dow Jones U.S. Industrial Sector fund

Industrials SPDR

As for the week, it wasn't a good one for the housing industry. Home builders had been quietly posting some decent numbers in 2008 after last year's historic downturn. But fresh data on weak pending home sales and a new round of analyst downgrades of mortgage companies helped put a temporary stop to the turnaround. The iShares Dow Jones U.S. Home Construction ETF lost 10%. SPDR S&P Homebuilders dropped 8.9%

The Week's Industry Headlines

Launching Pad:

PowerShares launched the industry's first actively managed equity exchange traded funds.

PowerShares Active Mega Cap

,

PowerShares Active AlphaQ

and

PowerShares Active Alpha Multi-Cap

began trading on the New York Stock Exchange Friday. The company also launched its first actively managed fixed-income product, called

PowerShares Active Low Duration

. The announcement comes three weeks after

Bear Stearns Current Yield

Northern Trust announced its inaugural move into the ETF industry. It launched two funds under its NETS brand that track the largest 200 companies on the Australian Stock Exchange and the largest 100 that primarily trade on the London Stock Exchange.

Victoria Bay Asset Management announced the beginning of trading of its United States Heating Oil ETF. The fund will try to match the percentage change in the price of heating oil futures contracts traded on the New York Mercantile Exchange. Victoria Bay also manages popular ETFs based on oil and natural gas.

In Registration: Barclays recently filed with the SEC to launch several new funds, including ones that focus on Eastern Europe, China, nuclear energy and the timber industry. It also filed for an emerging markets ETF which, says Index Universe, will most likely be the first offering to focus on emerging markets infrastructure plays.

New Numbers: State Street Global Advisors released its monthly snapshot of the ETF industry Wednesday. As of March 31, there were 23 companies managing 643 ETFs that hold $572 billion. Ten new ETFs were launched in March.

Next Week's Notebook

The earnings season gets into full swing. Thursday should be a particularly interesting day. A full swath of companies report.

Earnings

Monday:

Eaton, Integra Bank Corp., Stanley Furniture, Sun Bancorp, W.W. Grainger

Tuesday: BOK Financial, CSX, East West Bancorp, Forest Laboratories, Infosys, Intel, Johnson & Johnson, Linear Technology, M&T Bank Corp., Marshall & IIsley, Northern Trust, Regions Financial, Seagate Technology, State Street, U.S. Bancorp, Washington Mutual

Wednesday: Abbott, Altera, Astoria Financial, Datalink, eBay, Gilead Sciences, Illinois Tool, IBM, JPMorgan, Johnson Controls, Leggett & Platt, piper Jaffray, St. Jude, Coca-Cola, Wells Fargo

Thursday: AMD, Amdocs, American Greetings, Ameritrade, Bank of New York Mellon, Baxter Int'l, BB&T, Briggs & Stratton, Check Pointe, CIT, Continental, Cypress Semiconductor, Danaher, E*Trade, Evergreen Solar, Fairchild Semiconductor, First Financial Bankshares, Google, Great Southern, Harley-Davidson, IMS Health, Intuitive Surgical, KeyCorp, Marriott, Nokia, Pfizer, Prudential, Southwest, Stryker, Textron

Friday: Caterpillar, Citigroup, Honeywell, Manpower, Mohawk, Schlumberger, Wilmington Trust, Xerox

Economic Data

Monday:

Retail Sales (8: 30 a.m.), Business Inventories (10 a.m.)

Tuesday: Chain Store Sales (7:45 a.m.), Producer Price Index (8:30 a.m.), N.Y. Fed Manufacturing (8:30 a.m.), NAHB Housing Market Index (1 p.m.), Consumer Confidence (5 p.m.)

Wednesday: Mortgage Refinancing (7 a.m.), Consumer Price Index (8:30 a.m.), Housing Starts (8:30 a.m.), Industrial Production (8:30 a.m.), Beige Book (2 p.m.)

Thursday: Initial Jobless Claims (8:30 a.m.), Leading Indicators (10 a.m.), Philadelphia Fed Business Index (10 a.m.), Business Barometer (10 a.m.)

Quick Take

A look at how some of the industry's most popular ETFs did on Friday.

10 Largest ETFs
Symbol	Net Assets	Price	52 Week High	52 Week Low	Volume
SPY	66,487	133.38	156.39	127.71	220,669,688
EFA	46,850	72.64	85.64	67.18	7,216,873
EEM	26,031	139.1	165.39	117.49	15,125,123
GLD	19,967	91.3	99.81	63.55	6,545,012
IVV	17,539	133.5	156.65	127.94	2,217,234
QQQQ	16,422	44.28	55.03	41.17	120,060,726
IWF	13,211	55.3	63.64	52.79	3,196,096
SHY	9,893	83.94	84.49	79.64	1,193,242
VTI	9,732	132.29	155.31	126.28	348,319
IWD	8,633	73.56	89.77	70.41	835,537