Exchange-Traded Funds Rise as US Equities Advance After Midday

MT Newswires Live06-03 01:12

Broad Market Indicators

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

US equity indexes were higher after midday Tuesday, with technology extending gains, as investors weighed the response from Israel and Hezbollah to President Donald Trump's call to stop fighting in Lebanon.

Energy

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

Technology

The State Street Technology Select Sector SPDR ETF (XLK) was 0.6% higher; iShares US Technology ETF (IYW) rose 0.5%, and iShares Expanded Tech Sector ETF (IGM) was up 0.7%.

The State Street SPDR S&P Semiconductor (XSD) climbed up 4.8%, and iShares Semiconductor (SOXX) edged up 4.5%.

Financial

The State Street Financial Select Sector SPDR (XLF) added 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) rose 0.3%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), slipped 0.2%.

Commodities

Crude oil rose 1.2%, and the United States Oil Fund (USO) added 0.9%. Natural gas dropped 0.8%, and the United States Natural Gas Fund (UNG) was down 1%.

Gold on Comex gained 0.3%, and the State Street SPDR Gold Shares (GLD) was up 0.2%. Silver rose 0.6%, and iShares Silver Trust (SLV) added 0.9%.

Consumer

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

The State Street Consumer Discretionary Select Sector SPDR (XLY) shed 0.3%. VanEck Retail ETF (RTH) fell 0.5%, and the State Street SPDR S&P Retail (XRT) rose 0.4%.

Healthcare

The State Street Health Care Select Sector SPDR (XLV) lost 1.1%, iShares US Healthcare (IYH) fell 1.2%, and Vanguard Health Care ETF (VHT) was down 1.3%. IShares Biotechnology ETF (IBB) declined 3.1%.

Industrial

The State Street Industrial Select Sector SPDR (XLI) added 0.6%. Vanguard Industrials Index Fund (VIS) rose 0.6%, while iShares US Industrials (IYJ) gained 0.2%.

Cryptocurrency

In midday activity, bitcoin (BTC-USD) dropped 5.6%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) fell 5.9%, ProShares Ether ETF (EETH) shed 4.1%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 5.7% lower.

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