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) added 1%.

US equity indexes rose after a weak September jobs report slashed the odds of a back-to-back monetary policy tightening in October and as crude oil prices fell.

Energy

IShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) was each up about 0.1%.

Technology

The State Street Technology Select Sector SPDR ETF (XLK) gained 1%; iShares US Technology ETF (IYW) added 1.1%, and iShares Expanded Tech Sector ETF (IGM) was 1.2% higher.

The State Street SPDR S&P Semiconductor (XSD) advanced 3.9%, and iShares Semiconductor (SOXX) rose 2.5%.

Financial

The State Street Financial Select Sector SPDR (XLF) eased 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) declined 0.3%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), advanced 0.3%.

Commodities

Crude oil lost 1.6%, and the United States Oil Fund (USO) fell 1.9%. Natural gas added 1.4%, and the United States Natural Gas Fund (UNG) gained 1.8%.

Gold on Comex fell 0.6%, and the State Street SPDR Gold Shares (GLD) lost 0.9%. Silver was down 1.4%, and iShares Silver Trust (SLV) declined 1.4%.

Consumer

The State Street Consumer Staples Select Sector SPDR (XLP) was fractionally higher, and the Vanguard Consumer Staples ETF (VDC) rose 0.1%.

The State Street Consumer Discretionary Select Sector SPDR (XLY) added 1.3%. VanEck Retail ETF (RTH) was flat, and the State Street SPDR S&P Retail (XRT) rose 0.2%.

Healthcare

The State Street Health Care Select Sector SPDR (XLV) lost 0.3%, while iShares US Healthcare (IYH) declined 0.3% and Vanguard Health Care ETF (VHT) shed 0.2%. IShares Biotechnology ETF (IBB) fell 0.6%.

Industrial

The State Street Industrial Select Sector SPDR (XLI) added 0.8%. Vanguard Industrials Index Fund (VIS) rose 1%, and iShares US Industrials (IYJ) gained 0.6%.

Cryptocurrency

In midday activity, bitcoin (BTC-USD) rose 0.7%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) added 0.6%, ProShares Ether ETF (EETH) fell 0.2%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) gained 1.3%.

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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10