Exchange-Traded Funds Rise, US Equities Mixed After Midday

MT Newswires Live02:08

Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV edged higher. Actively traded Invesco QQQ Trust (QQQ) added 0.3%.

US equity indexes were mixed while government bond yields rose in midday trading on Monday amid the US- and Israel-led war on Iran.

Energy

IShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each rose about 1.4%.

Technology

The State Street Technology Select Sector SPDR ETF (XLK) gained 0.7%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) also moved higher.

The State Street SPDR S&P Semiconductor (XSD) added 0.8%, and iShares Semiconductor (SOXX) slipped 0.2%.

Financial

The State Street Financial Select Sector SPDR (XLF) fell 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) shed 0.3%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), rose 0.3%.

Commodities

Crude oil added 5.4%, and the United States Oil Fund (USO) was up 4.7%. Natural gas rose 3%, and the United States Natural Gas Fund (UNG) gained 2.9%.

Gold on Comex was up 1.5%, and the State Street SPDR Gold Shares (GLD) rose 0.7%. Silver shed 5.9%, and iShares Silver Trust (SLV) was down 6.1%.

Consumer

The State Street Consumer Staples Select Sector SPDR (XLP) dipped 1%. The Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) declined as well.

The State Street Consumer Discretionary Select Sector SPDR (XLY) fell 1.2%. VanEck Retail ETF (RTH) lost 0.5%, and the State Street SPDR S&P Retail (XRT) was down 1%.

Health Care

The State Street Health Care Select Sector SPDR (XLV) lost 1%, and iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) declined. IShares Biotechnology ETF (IBB) fell 0.7%.

Industrial

The State Street Industrial Select Sector SPDR (XLI) rose 0.8%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) pointed higher.

Cryptocurrency

In midday activity, bitcoin (BTC-USD) rose 4.4%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) added 5.2%, ProShares Ether ETF (EETH) gained 5.6%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was up 5.9%.

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