Exchange-Traded Funds, US Equities Fall After Midday

MT Newswires Live
Nov 21

Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV were lower. Actively traded Invesco QQQ Trust (QQQ) was down 1.4%.

US equity indexes fell in midday trading Thursday, giving up all gains following a blockbuster earnings report from Nvidia (NVDA) overnight.

Energy

iShares US Energy ETF (IYE) and the Energy Select Sector SPDR (XLE) each lost about 0.6%.

Technology

Technology Select Sector SPDR ETF (XLK) lost 2%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) also moved lower.

SPDR S&P Semiconductor (XSD) was down 2%, and iShares Semiconductor (SOXX) lost 2.8%.

Financial

The Financial Select Sector SPDR (XLF) slipped 0.7%. Direxion Daily Financial Bull 3X Shares (FAS) fell 1.1%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), rose 1.1%.

Commodities

Crude oil was 0.8% lower, and the United States Oil Fund (USO) shed 0.7%. Natural gas eased 0.2%, and the United States Natural Gas Fund (UNG) dipped 0.3%.

Gold on Comex shed 0.8%, and SPDR Gold Shares (GLD) slipped 0.5%. Silver dipped 1.6%, and iShares Silver Trust (SLV) declined 1.6%.

Consumer

Consumer Staples Select Sector SPDR (XLP) gained 0.6%. The Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) were mixed, with the latter easing 0.1%.

Consumer Discretionary Select Sector SPDR (XLY) shed 0.9%. VanEck Retail ETF (RTH) was up 0.1%, and SPDR S&P Retail (XRT) fell 0.7%.

Health Care

Health Care Select Sector SPDR (XLV) lost 0.7%, and iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were edging lower; iShares Biotechnology ETF (IBB) gained 0.2%.

Industrial

Industrial Select Sector SPDR (XLI) dipped 0.9%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were also in the red.

Cryptocurrency

In midday activity, bitcoin (BTC-USD) was down 2.6%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) lost 2.5%, ProShares Ether ETF (EETH) dropped 3.6%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 3.4% lower.

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