Exchange-Traded Funds Rise, US Equities Mixed After Midday

MT Newswires Live01:11

Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV were higher. Actively traded Invesco QQQ Trust (QQQ) added 0.7%.

US equity indexes traded mixed amid conflicting reports on the terms of a draft deal between Iran and Washington to end the war in the Middle East and Space Exploration Technologies (SPCX) making history with its stock market debut.

Energy

IShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each rose 1.1%.

Technology

The State Street Technology Select Sector SPDR ETF (XLK) climbed up 1.1%; iShares US Technology ETF (IYW) rose 0.9%, and iShares Expanded Tech Sector ETF (IGM) was up 1%.

The State Street SPDR S&P Semiconductor (XSD) advanced 2.1%, and iShares Semiconductor (SOXX) was 2.3% higher.

Financial

The State Street Financial Select Sector SPDR (XLF) added 1.1%. Direxion Daily Financial Bull 3X Shares (FAS) climbed up 3.4%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 3.3%.

Commodities

Crude oil shed 3.6%, and the United States Oil Fund (USO) fell 2%. Natural gas rose 1.3%, and the United States Natural Gas Fund (UNG) was up 1.5%.

Gold on Comex gained 2.9%, and the State Street SPDR Gold Shares (GLD) rose 0.3%. Silver advanced 6.1%, and iShares Silver Trust (SLV) was up 0.7%.

Consumer

The State Street Consumer Staples Select Sector SPDR (XLP) rose 0.2%. The Vanguard Consumer Staples ETF (VDC) added less than 0.1%, and iShares Dow Jones US Consumer Goods (IYK) was up 0.3%.

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

Healthcare

The State Street Health Care Select Sector SPDR (XLV) dipped 0.1%, iShares US Healthcare (IYH) fell 0.1%, and Vanguard Health Care ETF (VHT) rose fractionally. IShares Biotechnology ETF (IBB) climbed up 0.5%.

Industrial

The State Street Industrial Select Sector SPDR (XLI) added 0.8%. Vanguard Industrials Index Fund (VIS) gained 0.7%, while iShares US Industrials (IYJ) rose 0.8%.

Cryptocurrency

In midday activity, bitcoin (BTC-USD) was up 0.8%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) rose 0.8%, ProShares Ether ETF (EETH) fell 0.1%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 0.3% higher.

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