Exchange-Traded Funds, US Equities Rise After Midday

MT Newswires Live
5 hours ago

Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV rose. Actively traded Invesco QQQ Trust (QQQ) was up 1.7%.

US equity indexes advanced after midday Thursday following strong earnings by Microsoft and Meta Platforms, along with speculation on easing trade tensions between China and the US.

Energy

IShares US Energy ETF (IYE) and the Energy Select Sector SPDR (XLE) were little changed.

Technology

Technology Select Sector SPDR ETF (XLK) gained 2.2%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were higher.

SPDR S&P Semiconductor (XSD) was up 2.3%, and iShares Semiconductor (SOXX) added 1.7%.

Financial

Financial Select Sector SPDR (XLF) rose 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) climbed 0.9%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), fell 0.6%.

Commodities

Crude oil rose 0.1%, and the United States Oil Fund (USO) gained 0.5%. Natural gas added 2.8%, and the United States Natural Gas Fund (UNG) rose 2.4%.

Gold declined 2.9% on Comex, and SPDR Gold Shares (GLD) lost 2.4%. Silver edged down 1.1%, and iShares Silver Trust (SLV) dropped 1.1%.

Consumer

Consumer Staples Select Sector SPDR (XLP) was down 0.6%; Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) were lower.

Consumer Discretionary Select Sector SPDR (XLY) rose 0.9%; VanEck Retail ETF (RTH) gained 0.9%, while SPDR S&P Retail (XRT) gained 0.7%.

Health Care

Health Care Select Sector SPDR (XLV) dropped 2.2%, and iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) fell. IShares Biotechnology ETF (IBB) declined 1%.

Industrial

Industrial Select Sector SPDR (XLI) rose 0.9%. Vanguard Industrials (VIS) and iShares US Industrials (IYJ) climbed.

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