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Exchange-Traded Funds, US Equities Rise After Midday
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Exchange-Traded Funds, US Equities Rise After Midday
Oct 5, 2024 7:09 AM

01:12 PM EDT, 10/04/2024 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV were higher. Actively traded Invesco QQQ Trust (QQQ) gained 0.8%.

US equity indexes rose after a blowout jobs report pushed government bond yields sharply higher, helping offset some of the negative impact of the continuing Middle East crisis on risk sentiment.

Energy

iShares US Energy ETF (IYE) and Energy Select Sector SPDR (XLE) both rose 1.1%

Technology

Technology Select Sector SPDR ETF (XLK) rose 0.7%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were higher.

SPDR S&P Semiconductor (XSD) added 1.8%, and iShares Semiconductor (SOXX) rose 1.1%.

Financial

Financial Select Sector SPDR (XLF) advanced 1.3%. Direxion Daily Financial Bull 3X Shares (FAS) climbed 3.7%, and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) shed 3.6%.

Commodities

Crude oil was up 2%; United States Oil Fund (USO) rose 2%. Natural gas fell 4.1%, and the United States Natural Gas Fund (UNG) edged down 3.9%.

Gold was down 0.5% on Comex, and SPDR Gold Shares (GLD) fell 0.4%. Silver was fractionally lower, and iShares Silver Trust (SLV) added 0.6%.

Consumer

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

Consumer Discretionary Select Sector SPDR (XLY) added 1%; retail fund VanEck Vectors Retail ETF (RTH) and SPDR S&P Retail (XRT) were rising.

Health Care

Health Care Select Sector SPDR (XLV) was down 0.1%; iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were lower. iShares NASDAQ Biotechnology ETF (IBB) added 0.6%.

Industrial

Select Sector SPDR-Industrial (XLI) was up 0.3%, and Vanguard Industrials (VIS) and iShares US Industrials (IYJ) traded higher.

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