Exchange-Traded Funds Rise as US Equities Remain Mixed After Midday

MT Newswires Live
Oct 07

Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV rose. Actively traded Invesco QQQ Trust (QQQ) was up 0.8%.

US equity indexes were mixed, with gains in semiconductors and software companies pushing the S&P 500 and the Nasdaq Composite higher in midday trading on Monday.

Energy

iShares US Energy ETF (IYE) and the Energy Select Sector SPDR (XLE) both added about 0.8%.

Technology

Technology Select Sector SPDR ETF (XLK) 1.4% higher; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) advanced.

SPDR S&P Semiconductor (XSD) climbed 2.4%, and iShares Semiconductor (SOXX) rose 4%.

Financial

The Financial Select Sector SPDR (XLF) gained 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) advanced 0.2%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), dropped 0.2%.

Commodities

Crude oil was up 1.6%, and the United States Oil Fund (USO) added 1.4%. Natural gas gained 2.1%, and the United States Natural Gas Fund (UNG) was 2.3% higher.

Gold on Comex added 1.7%, and SPDR Gold Shares (GLD) rose 1.7%. Silver was up 0.9%, and iShares Silver Trust (SLV) climbed 1.3%.

Consumer

Consumer Staples Select Sector SPDR (XLP) lost 0.6%. The Vanguard Consumer Staples ETF (VDC) fell 0.6%, while iShares Dow Jones US Consumer Goods (IYK) shed 0.7%.

Consumer Discretionary Select Sector SPDR (XLY) added 0.5%. VanEck Retail ETF (RTH) was down 0.3%, and SPDR S&P Retail (XRT) dipped 1.2%.

Health Care

Health Care Select Sector SPDR (XLV) shed 0.3%, and iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) moved lower as well; iShares Biotechnology ETF (IBB) was down 0.2%.

Industrial

Industrial Select Sector SPDR (XLI) was 0.5% higher. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) rose as well.

Cryptocurrency

In midday activity, bitcoin (BTC-USD) added 2.2%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) was up 2.2%, ProShares Ether ETF (EETH) climbed 3.7%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) gained 2%.

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