Exchange traded funds (ETFs) that invest in Internet stocks could see weakness Tuesday after Netflix reported better-than-forecast earnings but offered a second-quarter outlook that disappointed investors.

Netflix shares fell 5% in after-hours trading Monday following the earnings release.

Netflix represents roughly 4% of First Trust Dow Jones Internet Index Fund (NYSEArca: FDN) and PowerShares Nasdaq Internet Portfolio (NasdaqGM: PNQI).

First Trust Dow Jones Internet

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