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Exchange-Traded Funds Mixed, US Equities Lower After Midday
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Exchange-Traded Funds Mixed, US Equities Lower After Midday
Oct 17, 2024 12:54 PM

01:07 PM EDT, 10/15/2024 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV were mixed with the latter edging lower. Actively traded Invesco QQQ Trust (QQQ) dropped 1.2%.

US equity indexes fell led by energy and technology stocks after midday on Tuesday.

Energy

iShares US Energy ETF (IYE) fell 2.2% and Energy Select Sector SPDR (XLE) lost 2.3%.

Technology

Technology Select Sector SPDR ETF (XLK) shed 1.8%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were also down.

SPDR S&P Semiconductor (XSD) dipped 1.2%, and iShares Semiconductor (SOXX) slumped 4.5%.

Financial

Financial Select Sector SPDR (XLF) rose 1%. Direxion Daily Financial Bull 3X Shares (FAS) jumped 3.2%, and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) dropped 3.1%.

Commodities

Crude oil slumped 4.7%; United States Oil Fund (USO) tumbled 4.6%. Natural gas rose 1.5%, and the United States Natural Gas Fund (UNG) also gained 1.4%.

Gold was up 0.5% on Comex, and SPDR Gold Shares (GLD) advanced 0.3%. Silver was 1.4% higher, and iShares Silver Trust (SLV) was up 0.7%.

Consumer

Consumer Staples Select Sector SPDR (XLP) was 0.8% higher; Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) were also higher.

Consumer Discretionary Select Sector SPDR (XLY) rose 0.4%; retail fund VanEck Vectors Retail ETF (RTH) was narrowly higher, while SPDR S&P Retail (XRT) gained 2%.

Health Care

Health Care Select Sector SPDR (XLV) was down 0.8%; iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were also lower. iShares NASDAQ Biotechnology ETF (IBB) climbed 0.4%.

Industrial

Select Sector SPDR-Industrial (XLI) was narrowly lower, while Vanguard Industrials (VIS) and iShares US Industrials (IYJ) traded higher.

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