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Exchange-Traded Funds, US Equities Higher After Midday Trading
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Exchange-Traded Funds, US Equities Higher After Midday Trading
Aug 13, 2024 10:38 AM

01:08 PM EDT, 08/13/2024 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded fund IWM and IVV were higher. Actively traded Invesco QQQ Trust (QQQ) gained 2.1%.

US equity indexes jumped while government bond yields declined after July's headline and core producer price inflation came in cooler than forecast.

Energy

iShares US Energy ETF (IYE) fell 0.9% and Energy Select Sector SPDR (XLE) lost nearly 1%.

Technology

Technology Select Sector SPDR ETF (XLK) added 2.6%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were also rising.

SPDR S&P Semiconductor (XSD) was up 4.2% and iShares Semiconductor (SOXX) was nearly 3.3% higher.

Financial

Financial Select Sector SPDR (XLF) added 0.4%. Direxion Daily Financial Bull 3X Shares (FAS) gained 1.2% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) dropped 1.2%.

Commodities

Crude fell 2.1%; United States Oil Fund (USO) lost 1.4%. Natural gas dipped 1.9% and the United States Natural Gas Fund (UNG) was 1.3% down.

Gold rose 0.2% based on Comex, and SPDR Gold Shares (GLD) fell 0.2%. Silver was 0.8% down and iShares Silver Trust (SLV) dropped nearly 1%.

Consumer

Consumer Staples Select Sector SPDR (XLP) fell 0.1%; Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) were higher.

Consumer Discretionary Select Sector SPDR (XLY) rose 1.9%; retail fund VanEck Vectors Retail ETF (RTH) was lower, while SPDR S&P Retail (XRT) was rising.

Health Care

Health Care Select Sector SPDR (XLV) rose 0.9%; iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were higher. iShares NASDAQ Biotechnology ETF (IBB) advanced 1.2%.

Industrial

Select Sector SPDR-Industrial (XLI) was up 0.5%. Vanguard Industrials (VIS) and iShares US Industrials (IYJ) were also higher.

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