Exchange-Traded Funds, US Equities Higher After Midday Friday

MT Newswires Live
Yesterday

Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV were higher. Actively traded Invesco QQQ Trust (QQQ) rose 0.4%.

US equity indexes scaled new all-time peaks in midday trading Friday as investors weighed corporate earnings while gaining confidence that Jerome Powell will complete his term at the Federal Reserve and a trade deal will be struck with the European Union.

Energy

iShares US Energy ETF (IYE) and the Energy Select Sector SPDR (XLE) both fell 0.3%.

Technology

Technology Select Sector SPDR ETF (XLK) added 0.3%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) also edged higher.

SPDR S&P Semiconductor (XSD) shed 0.2%, while iShares Semiconductor (SOXX) lost 0.2%.

Financial

Financial Select Sector SPDR (XLF) was 0.5% up. Direxion Daily Financial Bull 3X Shares (FAS) climbed 1.7%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), dropped 1.4%.

Commodities

Crude oil fell 1%, and the United States Oil Fund (USO) was down 1%. Natural gas rose 0.2%, and the United States Natural Gas Fund (UNG) shed 0.1%.

Gold slipped 1.3% lower on Comex, and SPDR Gold Shares (GLD) were 1.2% down. Silver shed 2.3%, and iShares Silver Trust (SLV) fell 2.3%.

Consumer

Consumer Staples Select Sector SPDR (XLP) dipped 0.1%; Vanguard Consumer Staples ETF (VDC) and the iShares Dow Jones US Consumer Goods (IYK) both pointed lower.

Consumer Discretionary Select Sector SPDR (XLY) added 0.9%, and VanEck Retail ETF (RTH) and SPDR S&P Retail (XRT) gained as well.

Health Care

Health Care Select Sector SPDR (XLV) rose 0.2%, and iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were also higher. iShares Biotechnology ETF (IBB) fell 0.4%.

Industrial

Industrial Select Sector SPDR (XLI) moved 0.7% ahead. Vanguard Industrials (VIS) and iShares US Industrials (IYJ) were also up.

Cryptocurrency

In midday activity, bitcoin dropped 2%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) lost 2.1%, ProShares Ether ETF (EETH) fell 2.7%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) lost 2.7%.

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