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Exchange-Traded Funds, US Equities Mixed Ahead of Fed Minutes, Nvidia Earnings
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Exchange-Traded Funds, US Equities Mixed Ahead of Fed Minutes, Nvidia Earnings
May 22, 2024 10:21 AM

12:52 PM EDT, 05/22/2024 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded funds, including IWM and IVV, were trading lower. Actively-traded Invesco QQQ Trust (QQQ) was up 0.2%.

US benchmark stock indexes and government bond yields traded mixed ahead of the Fed monetary policy minutes and Nvidia's ( NVDA ) quarterly earnings.

Energy

iShares US Energy ETF (IYE) fell 0.8% and Energy Select Sector SPDR (XLE) slid 1.1%.

Technology

Technology Select Sector SPDR ETF (XLK) was up 0.4%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were higher.

SPDR S&P Semiconductor (XSD) increased 2.3% while iShares PHLX Semiconductor (SOXX) rose 1.4%.

Financial

Financial Select Sector SPDR (XLF) slipped 0.1%. Direxion Daily Financial Bull 3X shares (FAS) was down 0.2% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 0.3%.

Commodities

Crude was down 1%; United States Oil Fund (USO) fell 1.1%. Natural gas was up 4.3% and the United States Natural Gas Fund (UNG) increased 4.8%.

Gold was down 1.3% based on Comex, and SPDR Gold Shares (GLD) fell 1.3%. Silver was down 1.7% and iShares Silver Trust (SLV) slid 2.3%.

Consumer

Consumer Staples Select Sector SPDR (XLP) fell 0.3%; Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) were lower.

Consumer Discretionary Select Sector SPDR (XLY) fell 0.7%; retail funds VanEck Vectors Retail ETF (RTH) and SPDR S&P Retail (XRT) were lower.

Health Care

Health Care Select Sector SPDR (XLV) rose 0.3% and other funds iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were higher. Biotech ETF iShares NASDAQ Biotechnology ETF (IBB) was up 1.1%.

Industrial

Select Sector SPDR-Industrial (XLI) gained 0.3% while other industrial funds iShares U.S. Industrials (IYJ), and Vanguard Industrials (VIS) were higher.

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