Exchange-Traded Funds Fall, US Equities Mixed After Midday

MT Newswires Live06-17

Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV were lower Tuesday. Actively traded Invesco QQQ Trust (QQQ) was down 1.4%.

US equity indexes traded mixed, with the Dow Jones Industrial Average reaching a new peak intraday amid sliding crude oil prices, while technology sank to the bottom of sector charts.

Energy

IShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each fell 0.5%.

Technology

The State Street Technology Select Sector SPDR ETF (XLK) dropped 1.8% and iShares US Technology ETF (IYW) declined 1.5%, while iShares Expanded Tech Sector ETF (IGM) was down 1.7%.

The State Street SPDR S&P Semiconductor (XSD) and iShares Semiconductor (SOXX) each fell 3.5%.

Financial

The State Street Financial Select Sector SPDR (XLF) added 1.5%. Direxion Daily Financial Bull 3X Shares (FAS) added 4.4%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), lost 4.4%.

Commodities

Crude oil shed 6.4%, and the United States Oil Fund (USO) fell 6.1%. Natural gas added 3%, and the United States Natural Gas Fund (UNG) was 2.6% higher.

Gold on Comex gained 0.3%, and the State Street SPDR Gold Shares (GLD) also rose 0.4%. Silver advanced 0.1%, and iShares Silver Trust (SLV) was down 0.1%.

Consumer

The State Street Consumer Staples Select Sector SPDR (XLP) was up 0.2%. The Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) were up 0.3% each.

The State Street Consumer Discretionary Select Sector SPDR (XLY) rose 0.1%. VanEck Retail ETF (RTH) was 0.3% higher, and the State Street SPDR S&P Retail (XRT) dropped 0.1%.

Healthcare

The State Street Health Care Select Sector SPDR (XLV) gained 0.2%, iShares US Healthcare (IYH) rose 0.2%, and Vanguard Health Care ETF (VHT) moved up 0.2%. IShares Biotechnology ETF (IBB) dropped 0.2%.

Industrial

The State Street Industrial Select Sector SPDR (XLI) added 1.2%. Vanguard Industrials Index Fund (VIS) gained 1.1%, while iShares US Industrials (IYJ) rose 1.3%.

Cryptocurrency

In midday activity, bitcoin (BTC-USD) was down 1.6%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) shed 1.2%, ProShares Ether ETF (EETH) fell 2.6%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 2.2% lower.

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