Exchange-Traded Funds Edge Higher as US Equities Rise on Holiday-Shortened Friday

MT Newswires Live
Nov 29

Broad Market Indicators

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

US equity indexes rose, albeit amid thin trading volumes ahead of the early close on Friday.

Energy

iShares US Energy ETF (IYE) and the Energy Select Sector SPDR (XLE) each added 1.3%.

Technology

Technology Select Sector SPDR ETF (XLK) rose 0.9%; iShares US Technology ETF (IYW) was 0.7% higher, while iShares Expanded Tech Sector ETF (IGM) gained 0.9%.

SPDR S&P Semiconductor (XSD) climbed 1.8%, and iShares Semiconductor (SOXX) rose 1.8%.

Financial

The Financial Select Sector SPDR (XLF) was up 0.7%. Direxion Daily Financial Bull 3X Shares (FAS) advanced 1.9%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), fell 1.9%.

Commodities

Crude oil was 1.5% higher, and the United States Oil Fund (USO) added 1.5%. Natural gas climbed 5.2%, and the United States Natural Gas Fund (UNG) climbed 3.5%.

Gold on Comex added 1.1%, and SPDR Gold Shares (GLD) rose 1.2%. Silver gained 6.3%, and iShares Silver Trust (SLV) was 5.8% up.

Consumer

Consumer Staples Select Sector SPDR (XLP) added 0.5%. The Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) also advanced.

Consumer Discretionary Select Sector SPDR (XLY) rose 0.6%. VanEck Retail ETF (RTH) was up 0.5%, and SPDR S&P Retail (XRT) slipped 0.2%.

Health Care

Health Care Select Sector SPDR (XLV) fell 0.6%, and iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were down as well; iShares Biotechnology ETF (IBB) added 0.1%.

Industrial

Industrial Select Sector SPDR (XLI) climbed 0.6%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were higher as well.

Cryptocurrency

In midday activity, bitcoin (BTC-USD) was down 0.9%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) added 0.9%, ProShares Ether ETF (EETH) shed 0.1%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 0.6% higher.

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