Exchange-Traded Funds, US Equities Trend Higher After Midday Trading

MT Newswires Live09-13

Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV were higher. Actively traded Invesco QQQ Trust (QQQ) gained 0.7%.

US equity indexes rose midday Thursday as communication services and energy led the sector charts following a hot August inflation report.

Energy

iShares US Energy ETF (IYE) rose 0.9% and Energy Select Sector SPDR (XLE) added 1%.

Technology

Technology Select Sector SPDR ETF (XLK) gained 0.6%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were higher.

SPDR S&P Semiconductor (XSD) lost 0.1%, and iShares Semiconductor (SOXX) was 0.2% lower.

Financial

Financial Select Sector SPDR (XLF) added 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) was 0.4% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) shed 0.2%.

Commodities

Crude was up 3%; United States Oil Fund (USO) rose 3.2%. Natural gas rose 4.9%, and the United States Natural Gas Fund (UNG) added 4.8%.

Gold edged up 1.4% on Comex, and SPDR Gold Shares (GLD) added 1.6%. Silver was 4.1% higher, and iShares Silver Trust (SLV) rose 4.2%.

Consumer

Consumer Staples Select Sector SPDR (XLP) was up 0.2%; Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) were mixed with the latter declining.

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

Health Care

Health Care Select Sector SPDR (XLV) was fractionally up; iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were higher. iShares NASDAQ Biotechnology ETF (IBB) dipped 0.2%.

Industrial

Select Sector SPDR-Industrial (XLI) rose 0.4%. Vanguard Industrials (VIS) and iShares US Industrials (IYJ) were higher.

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