Despite Fading Rally, Some ETFs Post Gains

Market Wrap-Up

A few surprises greeted traders Monday morning. The soap opera between Microsoft (MSFT) and Yahoo (YHOO) took another turn when the software giant and the search engine firm said they were both going to start talking once again — and maybe even reach some kind of a deal. This comes on the heels of Carl Icahn announcing he had bought over 50 million shares of the company. Amazon.com (AMZN) saw its fortunes rise unexpectedly after a bullish call on the stock from an analyst at Goldman Sachs (GS). The Conference Board's leading indicator index slightly increased in April, sparking thoughts that the economy may well be on its way to recovery. Meanwhile, crude touched $127 per barrel before pulling back under that mark. Trader's embraced all that news, especially the report from the Conference Board, and pushed stocks higher Monday more than 100 points. But that rally fizzled in later afternoon trading. The Dow Jones Industrial Average closed up 41 points to 13,028.

Winners

Energy ETFs of all kinds ran higher Monday. The ProShares Ultra Oil & Gas (DIG) gained 1.2%. Market Vectors Nuclear Energy (NLR), an ETF that tracks 38 companies like utility Exelon (EXC) that have exposure to this alternative energy, gained 2.3%.

Losers

After hitting record highs the last few weeks, natural gas has recently started to slide. The United States Natural Gas ETF (UNG) lost 1.6%.

Tuesday's Notebook

Earnings: AutoZone, Hewlett-Packard, Intuit, Medtronic, Phillips-Van Heusen, Saks, Staples, Target Economic Data: Chain Store Sales (7:45 a.m.), Producer Price Index (8:30 a.m.), Chicago Fed Activity Index (8:30 a.m.), Retail Sales (8:55 a.m.), Consumer Confidence (5 p.m.)

Quick Take

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

10 Largest ETFs
Symbol	Net Assets	Price	52 Week High	52 Week Low	Volume
SPY	75,056	142.95	156.39	127.71	160,350,289
EFA	47,363	78.23	85.64	67.18	7,119,598
EEM	26,329	155.3	165.39	117.49	14,721,066
GLD	NA	89.43	99.81	63.55	5,929,841
IVV	19,029	143.09	156.65	127.94	2,190,158
QQQQ	17,729	49.63	55.03	41.17	131,909,736
IWF	13,447	59.86	63.64	52.79	576,633
SHY	9,296	83.1	84.49	79.64	168,649
VTI	10,450	142.08	155.31	126.28	175,774
IWD	8,843	78.57	89.77	70.41	778,957