Exchange-Traded Funds Higher as US Equities Rise After Midday

MT Newswires Live01:25

Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV rose. Actively traded Invesco QQQ Trust (QQQ) added 1.5%.

US equity indexes rose amid gains in technology and consumer discretionary in midday trading Monday.

Energy

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

Technology

The State Street Technology Select Sector SPDR ETF (XLK) was up 1.7%; iShares US Technology ETF (IYW) added 1.5%, and iShares Expanded Tech Sector ETF (IGM) was 1.5% higher.

The State Street SPDR S&P Semiconductor (XSD) rose 2.1%, and iShares Semiconductor (SOXX) climbed 2.5%.

Financial

The State Street Financial Select Sector SPDR (XLF) fell 0.7%. Direxion Daily Financial Bull 3X Shares (FAS) declined 1.9%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), advanced 2%.

Commodities

Crude oil rose 1.5%, and the United States Oil Fund (USO) gained 0.4%. Natural gas dropped 1.9%, and the United States Natural Gas Fund (UNG) was down 1.5%.

Gold on Comex fell 0.5%, and the State Street SPDR Gold Shares (GLD) was down 0.7%. Silver rose 0.1%, and iShares Silver Trust (SLV) rose 0.1%.

Consumer

The State Street Consumer Staples Select Sector SPDR (XLP) was 0.5% lower, and the Vanguard Consumer Staples ETF (VDC) shed 0.4%.

The State Street Consumer Discretionary Select Sector SPDR (XLY) added 1.6%. VanEck Retail ETF (RTH) was up 0.8%, and the State Street SPDR S&P Retail (XRT) was down 0.3%.

Healthcare

The State Street Health Care Select Sector SPDR (XLV) fell 0.6%, and iShares US Healthcare (IYH) dropped 0.5%, and Vanguard Health Care ETF (VHT) eased 0.3%. IShares Biotechnology ETF (IBB) was up 1.2%.

Industrial

The State Street Industrial Select Sector SPDR (XLI) fell 0.4%. Vanguard Industrials Index Fund (VIS) was down 0.4%, and iShares US Industrials (IYJ) eased 0.3%.

Cryptocurrency

In midday activity, bitcoin (BTC-USD) declined 0.2%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) rose 0.4%, and ProShares Ether ETF (EETH) declined 0.6%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was up 0.6%.

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