Biotech ETFs Peg Big Losses On Week As Earnings Weigh

Otmane El Rhazi from Investor's Business Daily - ETFs RSS.

Biotech and energy stocks led the sell-off in U.S.-focused ETFs Friday as investors digested a solid but unspectacular jobs report. Media stocks recovered. Investors in exchange traded funds found some relief in their portfolio allocations to foreign stocks. China stocks rallied, with emerging market ETFs hopping on the ride. ALPS Medical Breakthroughs (SBIO) skidded 3% to 34.88. SBIO holds $197.9 million in assets, with 74% in biotech stocks and