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Exchange-Traded Funds Lower, US Equities Mixed After Midday Trading
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Exchange-Traded Funds Lower, US Equities Mixed After Midday Trading
Oct 10, 2024 11:20 PM

01:12 PM EDT, 10/10/2024 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV were lower. Actively traded Invesco QQQ Trust (QQQ) dipped 0.1%.

US equity indexes were mixed in choppy midday trading on Thursday following hotter-than-expected inflation, while jobless claims soared more than anticipated.

Energy

iShares US Energy ETF (IYE) rose 0.8% and Energy Select Sector SPDR (XLE) gained 0.9%.

Technology

Technology Select Sector SPDR ETF (XLK) was down 0.1%; iShares US Technology ETF (IYW) was rationally up, while iShares Expanded Tech Sector ETF (IGM) was 0.1% lower.

SPDR S&P Semiconductor (XSD) shed 1.2%, and iShares Semiconductor (SOXX) dipped 0.8%.

Financial

Financial Select Sector SPDR (XLF) lost 0.5%. Direxion Daily Financial Bull 3X Shares (FAS) dropped 1.5%, and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) climbed 1.6%.

Commodities

Crude oil rose 3.5%; United States Oil Fund (USO) gained 3.2%. Natural gas edged 1.2% higher, and the United States Natural Gas Fund (UNG) added 1.6%.

Gold climbed 0.4% on Comex, and SPDR Gold Shares (GLD) edged up 0.3%. Silver gained 1.8%, while iShares Silver Trust (SLV) advanced 1.2%.

Consumer

Consumer Staples Select Sector SPDR (XLP) was down 0.5%; Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) were also in the red.

Consumer Discretionary Select Sector SPDR (XLY) edged 0.1% lower; retail fund VanEck Vectors Retail ETF (RTH) gained 0.2%, while SPDR S&P Retail (XRT) lost 1%.

Health Care

Health Care Select Sector SPDR (XLV) dipped 0.4%; iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were lower. iShares NASDAQ Biotechnology ETF (IBB) was down 0.2%.

Industrial

Select Sector SPDR-Industrial (XLI) dropped 0.6%, while Vanguard Industrials (VIS) and iShares US Industrials (IYJ) were lower.

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