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Exchange-Traded Funds Mixed, US Equities Higher After Nonfarm Payrolls Data
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Exchange-Traded Funds Mixed, US Equities Higher After Nonfarm Payrolls Data
Jun 7, 2024 10:24 AM

01:00 PM EDT, 06/07/2024 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded funds, including IWM and IVV, were mixed, with the latter trading higher. Actively-traded Invesco QQQ Trust (QQQ) was up 0.2%.

US benchmark stock indexes rose in midday trading after nonfarm payrolls increased more than forecast.

Energy

iShares US Energy ETF (IYE) lost 0.2% and Energy Select Sector SPDR (XLE) was 0.1% lower.

Technology

Technology Select Sector SPDR ETF (XLK) was up 0.3%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were higher.

SPDR S&P Semiconductor (XSD) fell 2% while iShares Semiconductor (SOXX) was 0.2% lower.

Financial

Financial Select Sector SPDR (XLF) rose 0.8%. Direxion Daily Financial Bull 3X shares (FAS) were up 1.9% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 1.9%.

Commodities

Crude was up 0.3%; United States Oil Fund (USO) was up 0.1%. Natural gas was up 2.5% and the United States Natural Gas Fund (UNG) rose 2.8%.

Gold was 2.6% lower based on Comex, and SPDR Gold Shares (GLD) lost 2.7%. Silver was down 6% and iShares Silver Trust (SLV) contracted 6.1%.

Consumer

Consumer Staples Select Sector SPDR (XLP) fell 0.2%; Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) were lower.

Consumer Discretionary Select Sector SPDR (XLY) was fractionally lower; retail fund VanEck Vectors Retail ETF (RTH) was trading up 0.1% and the SPDR S&P Retail (XRT) was down 1.4%.

Health Care

Health Care Select Sector SPDR (XLV) rose 0.4% and other funds iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were higher. Biotech ETF iShares NASDAQ Biotechnology ETF (IBB) was down 0.4%.

Industrial

Select Sector SPDR-Industrial (XLI) was up 0.5%, and other industrial funds iShares U.S. Industrials (IYJ), and Vanguard Industrials (VIS) were higher.

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