Exchange-Traded Funds Fall as US Equities Turn Mixed After Midday

MT Newswires Live01:11

Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV fell. Actively traded Invesco QQQ Trust (QQQ) lost 0.7%.

US equity indexes traded mixed as technology and consumer discretionary declined in midday trading Monday after reports of strikes between Russia and Ukraine drove crude oil higher.

Energy

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

Technology

The State Street Technology Select Sector SPDR ETF (XLK) fell 1.3%; iShares US Technology ETF (IYW) declined 0.9%, and iShares Expanded Tech Sector ETF (IGM) shed 1.1%.

The State Street SPDR S&P Semiconductor (XSD) slumped 3.4%, and iShares Semiconductor (SOXX) fell 2.5%.

Financial

The State Street Financial Select Sector SPDR (XLF) added 0.6%. Direxion Daily Financial Bull 3X Shares (FAS) climbed 1.0%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 2%.

Commodities

Crude oil rose 2.2%, and the United States Oil Fund (USO) rose 2.4%. Natural gas declined 1.9%, and the United States Natural Gas Fund (UNG) lost 1.5%.

Gold on Comex fell 0.7%, and the State Street SPDR Gold Shares (GLD) shed 0.7%. Silver dropped 1%, and iShares Silver Trust (SLV) decreased 0.7%.

Consumer

The State Street Consumer Staples Select Sector SPDR (XLP) rose 0.8%, and the Vanguard Consumer Staples ETF (VDC) gained 0.9%.

The State Street Consumer Discretionary Select Sector SPDR (XLY) declined 0.5%. VanEck Retail ETF (RTH) edged up 0.1%, and the State Street SPDR S&P Retail (XRT) was little changed.

Healthcare

The State Street Health Care Select Sector SPDR (XLV) rose 0.3%, while iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) added 0.2% each. IShares Biotechnology ETF (IBB) fell 1.1%.

Industrial

The State Street Industrial Select Sector SPDR (XLI) advanced 0.2%. Vanguard Industrials Index Fund (VIS) rose 0.1%, and iShares US Industrials (IYJ) added 0.5%.

Cryptocurrency

In midday activity, bitcoin (BTC-USD) fell 1.7%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) rose 0.2%, ProShares Ether ETF (EETH) added 2.2%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was up 0.8%.

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