ByWILL SWARTS
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.
| Symbol | Net Assets | Price | 52 Week High | 52 Week Low | Volume |
|---|---|---|---|---|---|
| SPY | 62,704 | 84.26 | 142.85 | 68.13 | 284,228,280 |
| EFA | 23,224 | 40.54 | 78.53 | 32.16 | 41,376,235 |
| EEM | 17,026 | 27.35 | 51.72 | 19.12 | 75,816,890 |
| GLD | NA | 87.59 | 97.24 | 70.14 | 16,339,768 |
| IVV | 12,951 | 84.45 | 143.08 | 68.24 | 6,816,742 |
| QQQQ | 10,264 | 32.35 | 50.58 | 25.51 | 134,413,651 |
| IWF | 7,987 | 37.37 | 60.06 | 30.49 | 4,689,813 |
| SHY | 7,281 | 83.83 | 85 | 82.11 | 1,979,242 |
| VTI | 7,626 | 42.1 | 71.09 | 33.75 | 5,390,987 |
| IWD | 5,831 | 43.26 | 78.53 | 34.22 | 3,205,364 |



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