April 17, 2008 at 3:00 pm by Tom Lydon
What was with all the hand-wringing? Google’s numbers finally came out after the market close, they were good and technology exchange traded funds (ETFs) liked it.
Google (GOOG) put the kibosh on rumors that its advertising business was slowing and reported that its first-quarter net income rose to $1.31 billion, reports Reuters.
iShares Dow Jones U.S. Technology (IYW) has 5.4% given to Google, and Technology Select Sector SPDR (XLK) holds 5% of the company. They’re up slightly in after-hours trading, but how will it be tomorrow?
Tags: Sector ETFs, Technology
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