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Exchange-Traded Funds Lower as US Equities Fall After Midday

MT Newswires Live12-31 02:12

Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV were lower, and actively traded Invesco QQQ Trust (QQQ) shed 0.1%.

US equity indexes fell in midday trading on Tuesday, with health, financial, and consumer staples among the top three decliners.

Energy

iShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each added about 0.6%.

Technology

The State Street Technology Select Sector SPDR ETF (XLK) slipped 0.1%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were softer.

The State Street SPDR S&P Semiconductor (XSD) rose 0.5%, and iShares Semiconductor (SOXX) added 0.3%.

Financial

The State Street Financial Select Sector SPDR (XLF) fell 0.6%. Direxion Daily Financial Bull 3X Shares (FAS) declined 0.8%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), gained 0.9%.

Commodities

Crude oil fell 0.2%, and the United States Oil Fund (USO) rose 0.2%. Natural gas lost 0.6%, and the United States Natural Gas Fund (UNG) advanced 0.2%.

Gold on Comex was up 1%, and the State Street SPDR Gold Shares (GLD) added 0.7%. Silver climbed 9.8%, and iShares Silver Trust (SLV) rose 6.2%.

Consumer

The State Street Consumer Staples Select Sector SPDR (XLP) fell 0.2%. The Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) were in the red.

The State Street Consumer Discretionary Select Sector SPDR (XLY) fell 0.2%. VanEck Retail ETF (RTH) lost 0.3%, and the State Street SPDR S&P Retail (XRT) dipped 0.3%.

Health Care

The State Street Health Care Select Sector SPDR (XLV) eased 0.2%, and iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) also declined; iShares Biotechnology ETF (IBB) shed 1.2%.

Industrial

The State Street Industrial Select Sector SPDR (XLI) fell fractionally. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) also eased.

Cryptocurrency

In midday activity, bitcoin (BTC-USD) was up 1.2%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) added 1.6%, ProShares Ether ETF (EETH) gained 1.5%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 1.3% 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.

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