Exchange-Traded Funds, US Equities Mixed After Midday

MT Newswires Live
Oct 03

Broad Market Indicators

Broad-market exchange-traded fund IWM rose, and IVV edged lower. Actively traded Invesco QQQ Trust (QQQ) added 0.2%.

US equity indexes were mixed in midday trading on Thursday as gains in megacaps-laden technology helped alleviate a broad-based decline across sectors.

Energy

iShares US Energy ETF (IYE) and the Energy Select Sector SPDR (XLE) fell 0.8% and 0.9%, respectively.

Technology

Technology Select Sector SPDR ETF (XLK) rose 0.5%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) moved higher.

SPDR S&P Semiconductor (XSD) climbed 2.6%, and iShares Semiconductor (SOXX) rose 1.9%.

Financial

The Financial Select Sector SPDR (XLF) lost 0.4%. Direxion Daily Financial Bull 3X Shares (FAS) slipped 1.3%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), added 1.2%.

Commodities

Crude oil was down 1.9%, and the United States Oil Fund (USO) dropped 2.2%. Natural gas added 0.2%, and the United States Natural Gas Fund (UNG) was 0.2% lower.

Gold on Comex lost 0.8%, and SPDR Gold Shares (GLD) fell 0.6%. Silver was down 3.1%, and iShares Silver Trust (SLV) shed 1.7%.

Consumer

Consumer Staples Select Sector SPDR (XLP) fell 0.5%. The Vanguard Consumer Staples ETF (VDC) shed 0.5%, while iShares Dow Jones US Consumer Goods (IYK) dipped 0.5%.

Consumer Discretionary Select Sector SPDR (XLY) lost 0.6%. VanEck Retail ETF (RTH) fell 0.4%, and SPDR S&P Retail (XRT) rose 0.1%.

Health Care

Health Care Select Sector SPDR (XLV) dropped 0.4%, and iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) declined as well; iShares Biotechnology ETF (IBB) was up less than 0.1%.

Industrial

Industrial Select Sector SPDR (XLI) was 0.1% lower. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) edged higher.

Cryptocurrency

In midday activity, bitcoin (BTC-USD) added 1.7%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) was up 2.1%, ProShares Ether ETF (EETH) rose 2.8%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) climbed 2.4%.

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