Exchange-Traded Funds, US Equities Mixed After Midday

MT Newswires Live01:12

Broad Market Indicators

Broad-market exchange-traded fund IWM rose and IVV edged down. Actively traded Invesco QQQ Trust (QQQ) eased 0.5%.

US equity indexes traded mixed amid growing investor concerns over circular corporate investments and as crude oil prices plunged after a pause in Iran strikes entered its third day.

Energy

IShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) fell 1.6% each.

Technology

The State Street Technology Select Sector SPDR ETF (XLK) shed 1.1%; iShares US Technology ETF (IYW) fell 0.6%, and iShares Expanded Tech Sector ETF (IGM) was down 0.5%.

The State Street SPDR S&P Semiconductor (XSD) slipped 1.9%, and iShares Semiconductor (SOXX) fell 3.2%.

Financial

The State Street Financial Select Sector SPDR (XLF) added 0.7%. Direxion Daily Financial Bull 3X Shares (FAS) advanced 2.2%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 2.1%.

Commodities

Crude oil dropped 7.5%, and the United States Oil Fund (USO) fell 7.7%. Natural gas dipped 3.4%, and the United States Natural Gas Fund (UNG) fell 3.8%.

Gold on Comex rose 0.5%, and the State Street SPDR Gold Shares (GLD) gained 0.7%. Silver was up 0.4%, and iShares Silver Trust (SLV) added 0.9%.

Consumer

The State Street Consumer Staples Select Sector SPDR (XLP) was up 1.3%. The Vanguard Consumer Staples ETF (VDC) added 1.3%, and iShares Dow Jones US Consumer Goods (IYK) was up 1%.

The State Street Consumer Discretionary Select Sector SPDR (XLY) was up 1%. VanEck Retail ETF (RTH) added 1.4%, and the State Street SPDR S&P Retail (XRT) gained 2.5%.

Healthcare

The State Street Health Care Select Sector SPDR (XLV) rose 0.9% and iShares US Healthcare (IYH) added 0.9%, and Vanguard Health Care ETF (VHT) gained 0.9%. IShares Biotechnology ETF (IBB) was up 0.8%.

Industrial

The State Street Industrial Select Sector SPDR (XLI) slipped 0.4%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were lower as well.

Cryptocurrency

In midday activity, bitcoin (BTC-USD) gained 0.3%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) added 0.9%, ProShares Ether ETF (EETH) was up 4%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 1.2% higher.

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