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Exchange-Traded Funds, US Equities Slip After Midday Trading
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Exchange-Traded Funds, US Equities Slip After Midday Trading
Jan 8, 2025 10:23 AM

01:13 PM EST, 01/08/2025 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded fund IWM and IVV were lower. Actively traded Invesco QQQ Trust (QQQ) eased 0.3%.

US equity indexes slipped in midday trading Wednesday following data showing an unexpected drop jobless claims, while private payrolls missed forecast.

Energy

iShares US Energy ETF (IYE) lost 0.5%, and Energy Select Sector SPDR (XLE) edged down 0.4%.

Technology

Technology Select Sector SPDR ETF (XLK) shed 0.5%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were also lower.

SPDR S&P Semiconductor (XSD) slumped 2.9%, and iShares Semiconductor (SOXX) shed 1.6%.

Financial

Financial Select Sector SPDR (XLF) was 0.1% higher. Direxion Daily Financial Bull 3X Shares (FAS) fell 0.6%, and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) advanced 0.5%.

Commodities

Crude oil dropped 1.2%, and the United States Oil Fund (USO) lost 1.2%. Natural gas rose 4.3%, and the United States Natural Gas Fund (UNG) jumped 4.5%.

Gold added 0.2% on Comex, and SPDR Gold Shares (GLD) edged up 0.2%. Silver fell 0.3%, and iShares Silver Trust (SLV) edged down 0.2%.

Consumer

Consumer Staples Select Sector SPDR (XLP) dipped 0.3%; Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) also eased.

Consumer Discretionary Select Sector SPDR (XLY) gained 0.2%; retail fund VanEck Vectors Retail ETF (RTH) was up 0.1%, while SPDR S&P Retail (XRT) fell 0.9%.

Health Care

Health Care Select Sector SPDR (XLV) was 0.1% higher, while iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were also higher. IShares Biotechnology ETF (IBB) lost 0.7%.

Industrial

Select Sector SPDR-Industrial (XLI) was up 0.1%, while Vanguard Industrials (VIS) and iShares US Industrials (IYJ) were mixed, with the latter edging lower.

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