• 1
  • Comment
  • Favorite

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

MT Newswires Live01-16

Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV rose, and actively traded Invesco QQQ Trust (QQQ) added 1%.

US equity indexes rose in midday trading on Thursday as quarterly results from Taiwan Semiconductor Manufacturing (TSM) lifted technology names, while earnings from mega-cap banks boosted financials.

Energy

IShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each lost 0.2%.

Technology

The State Street Technology Select Sector SPDR ETF (XLK) was up 1.5%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were higher as well.

The State Street SPDR S&P Semiconductor (XSD) climbed 1.6%, and iShares Semiconductor (SOXX) rose 3.5%.

Financial

The State Street Financial Select Sector SPDR (XLF) added 0.7%. Direxion Daily Financial Bull 3X Shares (FAS) advanced 1.9%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was down 2.2%.

Commodities

Crude oil fell 4.8%, and the United States Oil Fund (USO) shed 1.9%. Natural gas declined 1.9%, and the United States Natural Gas Fund (UNG) rose 0.8%.

Gold on Comex was down 0.4%, and the State Street SPDR Gold Shares (GLD) lost 0.4%. Silver gained 0.2%, and iShares Silver Trust (SLV) dipped 1.8%.

Consumer

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

The State Street Consumer Discretionary Select Sector SPDR (XLY) gained 0.4%. VanEck Retail ETF (RTH) and the State Street SPDR S&P Retail (XRT) advanced as well.

Health Care

The State Street Health Care Select Sector SPDR (XLV) lost 0.7%, while iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) also edged lower. iShares Biotechnology ETF (IBB) fell 0.8%.

Industrial

The State Street Industrial Select Sector SPDR (XLI) rose 0.9%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) also moved higher.

Cryptocurrency

In midday activity, bitcoin (BTC-USD) was down 0.9%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) fell 1.1%, ProShares Ether ETF (EETH) dropped 2.6%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was down 1.4%.

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.

Report

Comment

empty
No comments yet
 
 
 
 

Most Discussed

 
 
 
 
 

7x24