Exchange-Traded Funds Rise as US Equities Climb in Holiday-Shortened Session

MT Newswires Live
11 hours ago

Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV rose. Actively traded Invesco QQQ Trust (QQQ) added 0.3%.

US equity indexes rose ahead of the early close on Wednesday amid better-than-expected jobless claims data.

Energy

iShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) were little changed.

Technology

The State Street Technology Select Sector SPDR ETF (XLK) rose 0.3%; iShares US Technology ETF (IYW) gained 0.3%, and iShares Expanded Tech Sector ETF (IGM) climbed 0.3%.

The State Street SPDR S&P Semiconductor (XSD) was little changed, and iShares Semiconductor (SOXX) added 0.2%.

Financial

The State Street Financial Select Sector SPDR (XLF) rose 0.8% Direxion Daily Financial Bull 3X Shares (FAS) advanced 2.1%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 2.2%.

Commodities

Crude oil rose 0.3%r, and the United States Oil Fund (USO) was little changed. Natural gas dropped 3%, and the United States Natural Gas Fund (UNG) fell 2.6%.

Gold on Comex rose 0.1%, and the State Street SPDR Gold Shares (GLD) fell 0.4%. Silver climbed 1.1%, and iShares Silver Trust (SLV) gained 0.3%.

Consumer

The State Street Consumer Staples Select Sector SPDR (XLP) added 0.7%. The Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) also climbed.

The State Street Consumer Discretionary Select Sector SPDR (XLY) gained 0.3%. VanEck Retail ETF (RTH) rose 0.8%, and the State Street SPDR S&P Retail (XRT) added 1.1%.

Health Care

The State Street Health Care Select Sector SPDR (XLV) rose 0.5%, and iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) gained; iShares Biotechnology ETF (IBB) climbed 0.6%.

Industrial

The State Street Industrial Select Sector SPDR (XLI) rose 0.4%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) also gained.

Cryptocurrency

In midday activity, bitcoin (BTC-USD) was down 0.4%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) shed 0.3%, ProShares Ether ETF (EETH) was 0.9% lower, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) lost 0.6%.

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