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Exchange-Traded Funds Rise as US Equities Trend Higher After Midday

MT Newswires Live
Nov 06

Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV rose. Actively traded Invesco QQQ Trust (QQQ) was down 1.6%.

US benchmark equity indexes rose in midday trading on Wednesday as gains in communication services helped push the Nasdaq Composite higher, a respite after the sell-off in the previous trading session.

Energy

iShares US Energy ETF (IYE) and the Energy Select Sector SPDR (XLE) each added 1.1%.

Technology

Technology Select Sector SPDR ETF (XLK) gained 0.9%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) also advanced.

SPDR S&P Semiconductor (XSD) was up 2.6%, and iShares Semiconductor (SOXX) rose 3.2%.

Financial

The Financial Select Sector SPDR (XLF) rose 0.7%. Direxion Daily Financial Bull 3X Shares (FAS) added 2%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), slipped 1.8%.

Commodities

Crude oil dipped 1.2%, and the United States Oil Fund (USO) shed 1.1%. Natural gas dropped 1.7%, and the United States Natural Gas Fund (UNG) was down 2%.

Gold on Comex rose 0.8%, and SPDR Gold Shares (GLD) added 1.1%. Silver gained 1.6%, and iShares Silver Trust (SLV) was up 2.3%.

Consumer

Consumer Staples Select Sector SPDR (XLP) rose 0.2%. The Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) were up as well.

Consumer Discretionary Select Sector SPDR (XLY) climbed 1.1%. VanEck Retail ETF (RTH) was up 0.5%, and SPDR S&P Retail (XRT) advanced 2.8%.

Health Care

Health Care Select Sector SPDR (XLV) was up 0.6%, and iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) rose as well; iShares Biotechnology ETF (IBB) was up 1.7%.

Industrial

Industrial Select Sector SPDR (XLI) added 0.9%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) advanced as well.

Cryptocurrency

In midday activity, bitcoin (BTC-USD) added 3.1%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) gained 3.3%, ProShares Ether ETF (EETH) climbed 6.9%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was up 4.1%.

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.

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