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Exchange-Traded Funds, US Equities Higher After Midday Friday
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Exchange-Traded Funds, US Equities Higher After Midday Friday
Dec 20, 2024 10:26 AM

01:10 PM EST, 12/20/2024 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV rose. Actively traded Invesco QQQ Trust (QQQ) added 1.9%.

US equity indexes jumped as benign inflation data helped alleviate concern that the government is heading for a partial shutdown.

Energy

iShares US Energy ETF (IYE) and Energy Select Sector SPDR (XLE) gained 1.2% each.

Technology

Technology Select Sector SPDR ETF (XLK) rose 2%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were higher.

SPDR S&P Semiconductor (XSD) rose 2.5%, and iShares Semiconductor (SOXX) added 2.6%.

Financial

Financial Select Sector SPDR (XLF) was up 2%. Direxion Daily Financial Bull 3X Shares (FAS) added 5.4%, and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) fell 5.4%.

Commodities

Crude oil was up 0.3%, and the United States Oil Fund (USO) rose 0.8%. Natural gas gained 4.5%, while the United States Natural Gas Fund (UNG) added 2.2%.

Gold was up 1.3% on Comex, and SPDR Gold Shares (GLD) rose 1.2%. Silver climbed 1.9% while iShares Silver Trust (SLV) rose 1%.

Consumer

Consumer Staples Select Sector SPDR (XLP) was up 0.8%; Vanguard Consumer Staples ETF (VDC) gained 0.6% while iShares Dow Jones US Consumer Goods (IYK) was up 0.9%.

Consumer Discretionary Select Sector SPDR (XLY) was 1.7% higher; retail fund VanEck Vectors Retail ETF (RTH) and SPDR S&P Retail (XRT) were mixed with the latter rising.

Health Care

Health Care Select Sector SPDR (XLV) rose 2.1%, and iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were higher. IShares Biotechnology ETF (IBB) added 1.9%.

Industrial

Select Sector SPDR-Industrial (XLI) was up 1.8%, Vanguard Industrials (VIS) and iShares US Industrials (IYJ) were edging higher.

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