Exchange-Traded Funds, US Equities Rise After Midday

MT Newswires Live04-15 01:14

Broad-market exchange-traded funds IWM and IVV were higher. Actively traded Invesco QQQ Trust (QQQ) added 1.5%.

US equity indexes rose in midday trading on Tuesday as optimism over a peace deal with Iran hit crude oil futures, and after mega-cap banks reported quarterly earnings.

Energy

IShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each lost about 2.5%.

Technology

The State Street Technology Select Sector SPDR ETF (XLK) was up 1%; iShares US Technology ETF (IYW) gained 1.6%, and iShares Expanded Tech Sector ETF (IGM) added 1.4%.

The State Street SPDR S&P Semiconductor (XSD) gained 1.5%, and iShares Semiconductor (SOXX) was up 1%.

Financial

The State Street Financial Select Sector SPDR (XLF) rose 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) climbed 0.8%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 0.8%.

Commodities

Crude oil fell 6.8%, and the United States Oil Fund (USO) dropped 3.7%. Natural gas fell 2%, and the United States Natural Gas Fund (UNG) dipped 2.3%.

Gold on Comex gained 1.5%, and the State Street SPDR Gold Shares (GLD) rose 1.5%. Silver gained 5.1%, and iShares Silver Trust (SLV) added 5.2%.

Consumer

The State Street Consumer Staples Select Sector SPDR (XLP) eased 0.2%. The Vanguard Consumer Staples ETF (VDC) fell 0.2%, and iShares Dow Jones US Consumer Goods (IYK) was 0.3% lower.

The State Street Consumer Discretionary Select Sector SPDR (XLY) rose 2.3%. VanEck Retail ETF (RTH) was 1.3% higher, and the State Street SPDR S&P Retail (XRT) added 0.6%.

Health Care

The State Street Health Care Select Sector SPDR (XLV) rose 0.8%, and iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) climbed 1% each. IShares Biotechnology ETF (IBB) rose 2%.

Industrial

The State Street Industrial Select Sector SPDR (XLI) added 0.2%. Vanguard Industrials Index Fund (VIS) was 0.5% higher, and iShares US Industrials (IYJ) was up 0.3%

Cryptocurrency

In midday activity, bitcoin (BTC-USD) rose 3.7%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) gained 1.8%, ProShares Ether ETF (EETH) added 3.1%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was jumped 3.2%.

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