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Exchange-Traded Funds, US Equities Trend Lower After Midday Trading
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Exchange-Traded Funds, US Equities Trend Lower After Midday Trading
Dec 12, 2024 10:36 AM

01:05 PM EST, 12/12/2024 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV fell. Actively traded Invesco QQQ Trust (QQQ) was down 0.4%.

US equity indexes fell in choppy trading after midday on Thursday following a stronger-than-expected read on wholesale prices and an unexpected surge in jobless claims.

Energy

iShares US Energy ETF (IYE) dipped 0.3% and Energy Select Sector SPDR (XLE) fell 0.5%.

Technology

Technology Select Sector SPDR ETF (XLK) dropped 0.5%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were in the red.

SPDR S&P Semiconductor (XSD) lost 1.1%, and iShares Semiconductor (SOXX) declined 1.5%.

Financial

Financial Select Sector SPDR (XLF) was down 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) fell 0.8%, and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) rose 0.8%.

Commodities

Crude oil was up 0.1%, and the United States Oil Fund (USO) added 0.1%. Natural gas edged up 3.6%, while the United States Natural Gas Fund (UNG) climbed 4%.

Gold was down 1.7% on Comex, and SPDR Gold Shares (GLD) lost 1.3%. Silver declined 3.7%, while iShares Silver Trust (SLV) dropped 2.5%.

Consumer

Consumer Staples Select Sector SPDR (XLP) added 0.6%; Vanguard Consumer Staples ETF (VDC) climbed 0.5% while iShares Dow Jones US Consumer Goods (IYK) rose 0.5%.

Consumer Discretionary Select Sector SPDR (XLY) fell 0.3%; retail fund VanEck Vectors Retail ETF (RTH) and SPDR S&P Retail (XRT) were lower.

Health Care

Health Care Select Sector SPDR (XLV) was 0.3% lower, and iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were down. IShares NASDAQ Biotechnology ETF (IBB) lost 1.1%.

Industrial

Select Sector SPDR-Industrial (XLI) fell 0.3%, Vanguard Industrials (VIS) and iShares US Industrials (IYJ) were in the red as well.

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