Hello 8000: As Dow Rallies, So Do ETFs

More market turmoil Friday followed dismal job numbers and optimistic words from the G-20 summit in London. Strong showings by financial-services stocks and technology companies on Friday allowed the Dow Jones Industrial Average to hang on to gains after an up and down day. It gained 39 points to finish at 8017, the first time it s closed above 8000 since Feb. 9, capping its best four-week performance since 1933. For a complete rundown on Friday s trading session see our market story.

Winners

Better-than-expected real estate data turned investors positive on the sector, which may be approaching a bottom. The SPDR DJ Wilshire REIT fund (RWR) rose 20.8% for the week. Inflows into emerging markets funds gave a 13.8% weekly rise to the Market Vectors Russia ETF (RSX).

Losers

Gold continued to drop, closing below $894 an ounce on Friday. The Market Vectors Gold Miners fund (GDX) lost 4.0% for the week. Concerns over drug approvals and weak results from Celgene (CELG) knocked back the iShares Nasdaq Biotechnology Index fund (IBB) 1.9% from last week.

This Week s Industry News

Data Point
Barclays (BCS) entered exclusive negotiations with CVC Capital Partners to unload its iShares ETF unit for as much as $4.3 billion. IShares has over $200 billion in assets and a 46% market share of the U.S. exchange-traded-funds business. Reports put the price for the business at $4.3 billion.

Launching Pad
Van Eck Global Advisors sought permission from the Securities and Exchange Commission to launch the Market Vectors China A-Shares ETF on the New York Stock Exchange. The fund would use derivatives and swaps to mimic the performance of key A-Shares, which require a license for foreign investors to own. Van Eck said it will apply for Chinese license, but the approval could take years.

Next Week s Notebook

Earnings and Conference Calls
Monday
Immucor

Tuesday
Alcoa, Bed Bath & Beyond, International Speedway, Lukoil, Mosaic, Pier 1 Imports, Ruby Tuesday

Wednesday
Corus, Family Dollar, Global Crossing, Richardson Electronics

Thursday
Adams Express, Allied Group, A-Power Energy Generation, Chevron, Franklin Covey, Movado, Pep Boys

Friday
No earnings scheduled

Economic Data

Monday
No major economic indicators.

Tuesday
7:45 a.m. ICSC Chain Store Sales Index
8:55 a.m. Redbook Retail Sales Index
2:00 p.m. March Federal Reserve FOMC Minutes
3:00 p.m. Feb. Consumer Credit
5:00 p.m. ABC/Washington Post Consumer Confidence

Wednesday
10:00 a.m. Jan. Wholesale Trade

Thursday
8:30 a.m. Initial Jobless Claims
8:30 a.m. Feb. Trade Balance
8:30 a.m. March Import Prices
10:00 a.m. DJ-BTMU Business Barometer

Friday
2:00 p.m. March Federal Budget Balance

Quick Take

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

10 Largest ETFs
SymbolNet AssetsPrice52 Week High52 Week LowVolume
SPY 62,70484.26142.8568.13284,228,280
EFA 23,22440.5478.5332.1641,376,235
EEM 17,02627.3551.7219.1275,816,890
GLD NA87.5997.2470.1416,339,768
IVV 12,95184.45143.0868.246,816,742
QQQQ 10,26432.3550.5825.51134,413,651
IWF 7,98737.3760.0630.494,689,813
SHY 7,28183.838582.111,979,242
VTI 7,62642.171.0933.755,390,987
IWD 5,83143.2678.5334.223,205,364

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