Exchange-Traded Funds Mixed, US Equities Higher in Midday Trading as Investors Weigh Jobs Data

MT Newswires Live
Dec 05

Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV were higher, while actively traded Invesco QQQ Trust (QQQ) was down 0.2%.

US equity indexes were slightly higher in midday trading Thursday as investors weighed the jobs data amid gains in most government bond yields.

Energy

iShares US Energy ETF (IYE) gained 0.4% and the Energy Select Sector SPDR (XLE) was up 0.5%.

Technology

Technology Select Sector SPDR ETF (XLK) and iShares US Technology ETF (IYW) were 0.3% higher, and iShares Expanded Tech Sector ETF (IGM) was up 0.2%.

SPDR S&P Semiconductor (XSD) rose 1%, and iShares Semiconductor (SOXX) fell 0.7%.

Financial

The Financial Select Sector SPDR (XLF) was up 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) gained 0.9%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) retreated 0.9%.

Commodities

Crude oil was 1.4% higher, and the United States Oil Fund (USO) gained 1.3%. Natural gas was up 0.2%, and the United States Natural Gas Fund (UNG) added 0.1%.

Gold on Comex gained 0.4%, and SPDR Gold Shares (GLD) rose 0.2%. Silver rose 0.2%, and iShares Silver Trust (SLV) was 2.5% down.

Consumer

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

Consumer Discretionary Select Sector SPDR (XLY) fell 0.6%. VanEck Retail ETF (RTH) was 0.4% lower, and SPDR S&P Retail (XRT) decreased 0.2%.

Health Care

Health Care Select Sector SPDR (XLV) lost 0.6%, and iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were down as well; iShares Biotechnology ETF (IBB) was fractionally higher.

Industrial

Industrial Select Sector SPDR (XLI) rose 0.7%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were in the green as well.

Cryptocurrency

In midday activity, bitcoin (BTC-USD) was down 1.1%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) lost 0.6%, ProShares Ether ETF (EETH) gained 0.5%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 0.5% lower.

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