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

MT Newswires Live12-20 02:16

Broad Market Indicators

Broad-market exchange-traded fund IWM fell and IVV rose. Actively traded Invesco QQQ Trust (QQQ) declined 0.1%.

US equity indexes rose after midday Thursday, with the Dow Jones Industrial Average set to break its 10-day losing streak as a sharp selloff that followed a pullback in the Federal Reserve's easing program lost momentum.

Energy

iShares US Energy ETF (IYE) dropped 0.9% and Energy Select Sector SPDR (XLE) lost 0.8%.

Technology

Technology Select Sector SPDR ETF (XLK) rose 0.4%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were higher.

SPDR S&P Semiconductor (XSD) fell 1.3%, and iShares Semiconductor (SOXX) dipped 1.2%.

Financial

Financial Select Sector SPDR (XLF) was up 0.7%. Direxion Daily Financial Bull 3X Shares (FAS) added 1.9%, and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) fell 2.4%.

Commodities

Crude oil was down nearly 1%, and the United States Oil Fund (USO) was slightly down. Natural gas gained 5.5%, while the United States Natural Gas Fund (UNG) added 2.6%.

Gold was down 1.7% on Comex, and SPDR Gold Shares (GLD) fell 0.1%. Silver dropped 4.7%, while iShares Silver Trust (SLV) dipped 1.9%.

Consumer

Consumer Staples Select Sector SPDR (XLP) fell 0.1%; Vanguard Consumer Staples ETF (VDC) lost 0.1% while iShares Dow Jones US Consumer Goods (IYK) was down 0.3%.

Consumer Discretionary Select Sector SPDR (XLY) was 0.1% lower; retail fund VanEck Vectors Retail ETF (RTH) and SPDR S&P Retail (XRT) were mixed with the latter declining.

Health Care

Health Care Select Sector SPDR (XLV) fell 0.6%, and iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were also lower. IShares Biotechnology ETF (IBB) lost 1.4%.

Industrial

Select Sector SPDR-Industrial (XLI) was up marginally, Vanguard Industrials (VIS) and iShares US Industrials (IYJ) were mixed with the latter edging higher.

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