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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 10, 2025 10:43 AM

01:15 PM EST, 01/10/2025 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded fund IWM and IVV were lower. Actively traded Invesco QQQ Trust (QQQ) fell 1.6%.

US equity indexes dropped in midday trading Friday as a beat on nonfarm payrolls and rising inflation expectations sent government bond yields higher.

Energy

iShares US Energy ETF (IYE) and Energy Select Sector SPDR (XLE) rose about 0.5% each.

Technology

Technology Select Sector SPDR ETF (XLK) fell 2.2%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were lower.

SPDR S&P Semiconductor (XSD) fell 2.7%, and iShares Semiconductor (SOXX) lost 2.5%.

Financial

Financial Select Sector SPDR (XLF) was down 2.4%. Direxion Daily Financial Bull 3X Shares (FAS) fell 7.3%, and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) climbed 7.4%.

Commodities

Crude oil was up 2.9%, and the United States Oil Fund (USO) added 3.6%. Natural gas gained 7.2%, and the United States Natural Gas Fund (UNG) rose 8%.

Gold was 1.4% higher on Comex, and SPDR Gold Shares (GLD) climbed 1.2%. Silver rose 1.2%, and iShares Silver Trust (SLV) advanced 1.1%.

Consumer

Consumer Staples Select Sector SPDR (XLP) was down 1.2%; Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) were weaker.

Consumer Discretionary Select Sector SPDR (XLY) was 0.7% lower; retail fund VanEck Vectors Retail ETF (RTH) and SPDR S&P Retail (XRT) were in the red.

Health Care

Health Care Select Sector SPDR (XLV) fell 0.3%, and iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) edged lower. IShares Biotechnology ETF (IBB) fell 1.9%.

Industrial

Select Sector SPDR-Industrial (XLI) was down 1%, Vanguard Industrials (VIS) and iShares US Industrials (IYJ) were weaker.

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