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Exchange-Traded Funds, US Equities Mixed After Midday Trading
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Exchange-Traded Funds, US Equities Mixed After Midday Trading
Aug 28, 2024 11:40 PM

12:55 PM EDT, 08/26/2024 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded fund IWM was rising Monday and IVV was trading lower. Actively traded Invesco QQQ Trust (QQQ) fell 0.8%.

US equity indexes traded mixed and most government bond yields rose in choppy midday trading after orders for new durable goods jumped almost twice as fast as the market had anticipated.

Energy

iShares US Energy ETF (IYE) rose 0.8% and Energy Select Sector SPDR (XLE) added 0.6%.

Technology

Technology Select Sector SPDR ETF (XLK) lost 1%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were declining.

SPDR S&P Semiconductor (XSD) was down 1.7%, and iShares Semiconductor (SOXX) was 2% lower.

Financial

Financial Select Sector SPDR (XLF) was up 0.5%. Direxion Daily Financial Bull 3X Shares (FAS) rose 1.4% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) fell 1.5%.

Commodities

Crude rose 2.9%; United States Oil Fund (USO) was up 2.9%. Natural gas fell 2.3% and the United States Natural Gas Fund (UNG) retreated 1.9%.

Gold was up 0.2% based on Comex, and SPDR Gold Shares (GLD) rose 0.3%. Silver was higher 0.3% and iShares Silver Trust (SLV) added 0.5%.

Consumer

Consumer Staples Select Sector SPDR (XLP) climbed 0.7%; Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) were higher.

Consumer Discretionary Select Sector SPDR (XLY) was down 0.5%; retail fund VanEck Vectors Retail ETF (RTH) was flat and SPDR S&P Retail (XRT) was marginally higher.

Health Care

Health Care Select Sector SPDR (XLV) was 0.2% higher; iShares US Healthcare (IYH) was fractionally lower and Vanguard Health Care ETF (VHT) was rising. iShares NASDAQ Biotechnology ETF (IBB) rose 0.3%.

Industrial

Select Sector SPDR-Industrial (XLI) was marginally higher. Vanguard Industrials (VIS) and iShares US Industrials (IYJ) were mixed with the latter trading higher.

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