Solar ETFs Gain on Analyst Upgrade

Market Wrap-Up


Despite reports about soaring home foreclosures and record-high food prices, traders welcomed the news that the Consumer Price Index rose slightly less than estimates were predicting. That soothed concerns about the impact of inflation on the economy. Shares of

Freddie Mac

Winners


For the second straight day solar ETFs enjoyed their day in the sun. Solar products have been in high demand, especially during a time of record-high energy commodity prices. Indeed, earlier in the week companies like

Canadian Solar

JA Solar

Evergreen Solar

Market Vectors Solar Energy

Claymore/MAC Global Solar Energy

Losers


This column is about oil, once again, but in this case it doesn't involve another record closing price. Crude dropped almost $2 a barrel after a government report showed inventories had slightly increased. It closed at $124 a barrel. The

United States Oil fund

Wednesday's Industry Headlines


Numbers Game:

State Street released its monthly ETF Snapshot on Wednesday. As of April 30, the industry consisted of 659 funds that held $595 billion. Assets jumped $30 billion and 16 new ETFs hit the market during April. The

SPDRs

Thursday's Notebook


Earnings:

Advanced Auto Parts, Autodesk, Blockbuster, BMC Software, CompuServe, Hewlett-Packard, J.C. Penney, Kohl's, Nordstrom, The Blackstone Group, Urban Outfitters

Economic Data: Jobless Claims (8:30 a.m.), New York Fed Manufacturing (8:30 a.m.), International Capital Flows (9 a.m.), Industrial Production (9:15 a.m.), Philadelphia Fed Business Index (10 a.m.), Business Barometer (10 a.m.) Housing Market Index (1 p.m.)

Quick Take

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

10 Largest ETFs

SymbolNet AssetsPrice52 Week High52 Week LowVolume

SPY

82,300

140.94

156.39

127.71

172,721,880

EFA

45,423

76.43

85.64

67.18

7,107,649

EEM

23,848

150.15

165.39

117.49

9,219,317

GLD

NA

85.2

99.81

63.55

8,644,697

IVV

16,409

141.15

156.65

127.94

4,234,397

QQQQ

17,038

49.11

55.03

41.17

142,599,531

IWF

12,858

59.03

63.64

52.79

922,195

SHY

9,574

82.88

84.49

79.64

300,095

VTI

9,779

140.37

155.31

126.28

625,185

IWD

8,328

77.53

89.77

70.41

227,511

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