Exchange-Traded Funds Rise as US Equities Advance After Midday

MT Newswires Live
1 hour ago

Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV were higher. Actively traded Invesco QQQ Trust (QQQ) gained 0.1%.

US equity indexes rose as crude oil prices and government bond yields fluctuated.

Energy

IShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each added about 0.2%.

Technology

The State Street Technology Select Sector SPDR ETF (XLK) edged down 0.3%; iShares US Technology ETF (IYW) rose 0.2%, and iShares Expanded Tech Sector ETF (IGM) slipped 0.2%.

The State Street SPDR S&P Semiconductor (XSD) added 0.4%, while iShares Semiconductor (SOXX) was up 0.1%.

Financial

The State Street Financial Select Sector SPDR (XLF) added 0.7%. Direxion Daily Financial Bull 3X Shares (FAS) advanced 2.1%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 2%.

Commodities

Crude oil rose 1.1%, and the United States Oil Fund (USO) added 0.3%. Natural gas gained 2.4%, and the United States Natural Gas Fund (UNG) was up 0.2%.

Gold on Comex added 0.4%, and the State Street SPDR Gold Shares (GLD) was up 1%. Silver rose 0.2%, and iShares Silver Trust (SLV) gained 1.3%.

Consumer

The State Street Consumer Staples Select Sector SPDR (XLP) added 0.7%. The Vanguard Consumer Staples ETF (VDC) gained 0.6%, and iShares Dow Jones US Consumer Goods (IYK) was up 1%.

The State Street Consumer Discretionary Select Sector SPDR (XLY) added 0.3%. VanEck Retail ETF (RTH) was 0.4% higher, and the State Street SPDR S&P Retail (XRT) advanced 1%.

Healthcare

The State Street Health Care Select Sector SPDR (XLV) rose 0.8%. iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were also higher. IShares Biotechnology ETF (IBB) added 0.5%.

Industrial

The State Street Industrial Select Sector SPDR (XLI) rose 0.1%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were also higher.

Cryptocurrency

In midday activity, bitcoin (BTC-USD) was down marginally. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) was flat, ProShares Ether ETF (EETH) fell 1.3%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) slipped 0.2%.

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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