Exchange-Traded Funds, US Equities Lower After ISM Manufacturing Data

MT Newswires Live06-04

Broad-market exchange-traded funds, including IWM and IVV, were trading lower and the actively traded Invesco QQQ Trust (QQQ) was down 0.2% after the Institute for Supply Management's US manufacturing index declined.

US benchmark stock indexes were also lower, while crude oil slumped as a manufacturing gauge showed worsening activity.

Energy

iShares US Energy ETF (IYE) fell 2.8% and Energy Select Sector SPDR (XLE) slid 2.9%.

Technology

Technology Select Sector SPDR ETF (XLK) was down 0.7%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were lower.

SPDR S&P Semiconductor (XSD) declined 1.4% and iShares PHLX Semiconductor (SOXX) fell 1.3%.

Financial

Financial Select Sector SPDR (XLF) fell 1.5%. Direxion Daily Financial Bull 3X shares (FAS) was down 4.6% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 4.4%.

Commodities

Crude was down 3.4%; United States Oil Fund (USO) fell 3.9%. Natural gas was up 3.6% and the United States Natural Gas Fund (UNG) added 4.5%.

Gold was up 0.7% based on Comex, and SPDR Gold Shares (GLD) were up 0.7%. Silver was up 0.6% and iShares Silver Trust (SLV) was up 0.3%.

Consumer

Consumer Staples Select Sector SPDR (XLP) fell 0.5%; Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) were lower.

Consumer Discretionary Select Sector SPDR (XLY) contracted 0.7%; retail funds VanEck Vectors Retail ETF (RTH) and SPDR S&P Retail (XRT) were higher.

Health Care

Health Care Select Sector SPDR (XLV) rose 0.2% and other funds iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were higher. Biotech ETF iShares NASDAQ Biotechnology ETF (IBB) was up 0.7%.

Industrial

Industrial Select Sector SPDR Fund (XLI) dropped 1.8% and other industrial funds iShares U.S. Industrials (IYJ) and Vanguard Industrials (VIS) were lower.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment