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Exchange-Traded Funds, US Equities Fall Following Jobs Report
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Exchange-Traded Funds, US Equities Fall Following Jobs Report
Sep 6, 2024 10:40 AM

01:06 PM EDT, 09/06/2024 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV were in the red Friday. Actively traded Invesco QQQ Trust (QQQ) shed 2.6%.

US equity indexes and government bond yields fell after midday following less-than-expected nonfarm payrolls rise in August.

Energy

iShares US Energy ETF (IYE) declined 1.2% and Energy Select Sector SPDR (XLE) fell 1.1%.

Technology

Technology Select Sector SPDR ETF (XLK) dropped 2.7%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were also lower.

SPDR S&P Semiconductor (XSD) was 4.5% lower, and iShares Semiconductor (SOXX) was down 4.2%.

Financial

Financial Select Sector SPDR (XLF) dipped 1.3%. Direxion Daily Financial Bull 3X Shares (FAS) slumped 4.1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) rose 4%.

Commodities

Crude fell 2.7%; United States Oil Fund (USO) lost 2.6%. Natural gas was narrowly lower, and the United States Natural Gas Fund (UNG) edged down 0.3%.

Gold lost 0.8% based on Comex, and SPDR Gold Shares (GLD) also shed 0.8%. Silver was 2.8% lower, and iShares Silver Trust (SLV) fell 3.1%.

Consumer

Consumer Staples Select Sector SPDR (XLP) was down 0.1%; Vanguard Consumer Staples ETF (VDC) was 0.2% lower, while iShares Dow Jones US Consumer Goods (IYK) edged up 0.1%.

Consumer Discretionary Select Sector SPDR (XLY) shed 2.1%; retail fund VanEck Vectors Retail ETF (RTH) and SPDR S&P Retail (XRT) were also weaker.

Health Care

Health Care Select Sector SPDR (XLV) dipped 0.4%; iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were also in the red. iShares NASDAQ Biotechnology ETF (IBB) dropped 1.9%.

Industrial

Select Sector SPDR-Industrial (XLI) fell 1%. Vanguard Industrials (VIS) and iShares US Industrials (IYJ) were also lower.

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