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Exchange-Traded Funds, US Equities Lower After Midday Trading
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Exchange-Traded Funds, US Equities Lower After Midday Trading
Jan 7, 2025 10:30 AM

01:10 PM EST, 01/07/2025 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded fund IWM and IVV retreated. Actively traded Invesco QQQ Trust (QQQ) fell 1.4%.

US equity indexes were also lower in midday trading Tuesday, with heavyweights in communication services and technology sectors declining.

Energy

iShares US Energy ETF (IYE) and Energy Select Sector SPDR (XLE) each advanced 1.5%.

Technology

Technology Select Sector SPDR ETF (XLK) was 1.4% down; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were also in the red.

SPDR S&P Semiconductor (XSD) eased 0.6%, and iShares Semiconductor (SOXX) dipped 0.5%.

Financial

Financial Select Sector SPDR (XLF) edged up 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) rose 1%, and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) fell 1%.

Commodities

Crude oil was up 1%, and the United States Oil Fund (USO) climbed 1.2%. Natural gas slumped 4.7%, and the United States Natural Gas Fund (UNG) tumbled 5.9%.

Gold was 0.7% higher on Comex, and SPDR Gold Shares (GLD) added 0.6%. Silver added 0.1%, and iShares Silver Trust (SLV) gained 0.5%.

Consumer

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

Consumer Discretionary Select Sector SPDR (XLY) lost 1.6%; retail fund VanEck Vectors Retail ETF (RTH) and SPDR S&P Retail (XRT) were also retreating.

Health Care

Health Care Select Sector SPDR (XLV) rose 0.6%, and iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were also advancing. IShares Biotechnology ETF (IBB) climbed 1.2%.

Industrial

Select Sector SPDR-Industrial (XLI) was 0.1% higher, while Vanguard Industrials (VIS) and iShares US Industrials (IYJ) were down.

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