01:02 PM EDT, 07/08/2024 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded funds, including IWM and IVV, were mixed Monday with the latter trading fractionally lower. Actively traded Invesco QQQ Trust (QQQ) was marginally higher.

US benchmark indexes traded mixed midday as investors await Federal Reserve Chair Jerome Powell's congressional testimony and the inflation report later this week.

Energy

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

Technology

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

SPDR S&P Semiconductor (XSD) added 1.5% and iShares Semiconductor (SOXX) climbed 1.5%.

Financial

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

Commodities

Crude was 1% lower: United States Oil Fund (USO) lost 0.9%. Natural gas was up 1.5% and the United States Natural Gas Fund (UNG) rose 1.5%.

Gold was down 1.6% based on Comex, and SPDR Gold Shares (GLD) declined 1.4%. Silver dropped 2.7% and iShares Silver Trust (SLV) lost 1.8%.

Consumer

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

Consumer Discretionary Select Sector SPDR (XLY) was fractionally higher; retail funds VanEck Vectors Retail ETF (RTH) and SPDR S&P Retail (XRT) were higher.

Health Care

Health Care Select Sector SPDR (XLV) was slightly lower while other funds iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were mixed with the latter trading higher. Biotech ETF iShares NASDAQ Biotechnology ETF (IBB) rose 1%.

Industrial

Select Sector SPDR-Industrial (XLI) gained 0.1% and other industrial funds iShares U.S. Industrials (IYJ) and Vanguard Industrials (VIS) were mixed with the latter trading higher.