Exchange-Traded Funds Mixed, US Equities Lower After Midday

MT Newswires Live09-05 01:09

Broad Market Indicators

Broad-market exchange-traded fund IWM rose and IVV fell. Actively traded Invesco QQQ Trust (QQQ) gained 0.2%.

US equity indexes fell after the economy added almost triple the jobs expected in August, boosting bets favoring an interest rate increase as early as this month.

Energy

IShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each lost almost 0.6%.

Technology

The State Street Technology Select Sector SPDR ETF (XLK) gained 0.8%; iShares US Technology ETF (IYW) rose 0.4%, and iShares Expanded Tech Sector ETF (IGM) added 0.5%.

The State Street SPDR S&P Semiconductor (XSD) was up 2.7%, while iShares Semiconductor (SOXX) advanced 3.5%.

Financial

The State Street Financial Select Sector SPDR (XLF) slipped 0.6%. Direxion Daily Financial Bull 3X Shares (FAS) declined 1.7%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), advanced 1.8%.

Commodities

Crude oil fell 0.6%, and the United States Oil Fund (USO) lost 0.5%. Natural gas added 1.2%, and the United States Natural Gas Fund (UNG) gained 1%.

Gold on Comex dipped 1.2%, and the State Street SPDR Gold Shares (GLD) fell 0.8%. Silver eased 1.5%, and iShares Silver Trust (SLV) was down 1.3%.

Consumer

The State Street Consumer Staples Select Sector SPDR (XLP) shed 0.4%. The Vanguard Consumer Staples ETF (VDC) fell 0.5%, and iShares Dow Jones US Consumer Goods (IYK) eased 0.5%.

The State Street Consumer Discretionary Select Sector SPDR (XLY) lost 1.4%. The VanEck Retail ETF (RTH) fell 0.2%, and the State Street SPDR S&P Retail (XRT) added 1%.

Healthcare

The State Street Health Care Select Sector SPDR (XLV) dipped 0.9%; iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were lower as well, and iShares Biotechnology ETF (IBB) shed 0.8%.

Industrial

The State Street Industrial Select Sector SPDR (XLI) rose 0.4%. The Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) also advanced.

Cryptocurrency

In midday activity, bitcoin (BTC-USD) was down 2.1%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) lost 2.5%, ProShares Ether ETF (EETH) fell 2.4%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) slipped 3.4%.

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