Exchange-Traded Funds, US Equities Decline After Midday Trading

MT Newswires Live12-18

Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV fell. Actively traded Invesco QQQ Trust (QQQ) declined 0.3%.

US equity indexes fell Tuesday after retail sales grew more than forecast and as the Federal Open Market Committee kicked off its two-day policy meeting.

Energy

iShares US Energy ETF (IYE) and Energy Select Sector SPDR (XLE) both fell around 1.4%.

Technology

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

SPDR S&P Semiconductor (XSD) lost 1.7%, and iShares Semiconductor (SOXX) fell 1.1%.

Financial

Financial Select Sector SPDR (XLF) was down 0.7%. Direxion Daily Financial Bull 3X Shares (FAS) fell 2.2%, and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 2.4%.

Commodities

Crude oil was down 1.3%, and the United States Oil Fund (USO) dipped 1.1%. Natural gas slipped 2.9%, while the United States Natural Gas Fund (UNG) lost 2.2%.

Gold was down 0.4% on Comex, and SPDR Gold Shares (GLD) fell 0.3%. Silver dropped 0.5%, while iShares Silver Trust (SLV) dipped 0.1%.

Consumer

Consumer Staples Select Sector SPDR (XLP) fell 0.1%; Vanguard Consumer Staples ETF (VDC) lost 0.3% while iShares Dow Jones US Consumer Goods (IYK) was down 0.2%.

Consumer Discretionary Select Sector SPDR (XLY) was 0.2% higher; retail fund VanEck Vectors Retail ETF (RTH) and SPDR S&P Retail (XRT) were in the red.

Health Care

Health Care Select Sector SPDR (XLV) fell less than 0.1%, and iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were lower. IShares NASDAQ Biotechnology ETF (IBB) added 0.5%.

Industrial

Select Sector SPDR-Industrial (XLI) lost 0.7%, Vanguard Industrials (VIS) and iShares US Industrials (IYJ) 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