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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 11, 2024 12:11 AM

01:15 PM EDT, 10/08/2024 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV were higher. Actively traded Invesco QQQ Trust (QQQ) gained 1.2%.

US equity indexes rose after midday on Tuesday as technology bounced back amid a pull-back in crude oil futures.

Energy

iShares US Energy ETF (IYE) and Energy Select Sector SPDR (XLE) each fell about 2.4%.

Technology

Technology Select Sector SPDR ETF (XLK) was up 1.5%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were higher.

SPDR S&P Semiconductor (XSD) added 0.5%, and iShares Semiconductor (SOXX) was 0.4% higher.

Financial

Financial Select Sector SPDR (XLF) was up 0.6%. Direxion Daily Financial Bull 3X Shares (FAS) gained 1.8%, and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) fell 1.7%.

Commodities

Crude oil was down 5.1%; United States Oil Fund (USO) fell 5.5%. Natural gas eased 0.1%, and the United States Natural Gas Fund (UNG) edged up 0.1%.

Gold was down 1.3% on Comex, and SPDR Gold Shares (GLD) fell 1.2%. Silver was 4.7% lower, and iShares Silver Trust (SLV) lost 4.5%.

Consumer

Consumer Staples Select Sector SPDR (XLP) was steady; Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) edged higher.

Consumer Discretionary Select Sector SPDR (XLY) added 0.8%; retail fund VanEck Vectors Retail ETF (RTH) and SPDR S&P Retail (XRT) were higher.

Health Care

Health Care Select Sector SPDR (XLV) was up 0.4%; iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were higher. iShares NASDAQ Biotechnology ETF (IBB) gained 0.5%.

Industrial

Select Sector SPDR-Industrial (XLI) rose 0.1%, and Vanguard Industrials (VIS) and iShares US Industrials (IYJ) were mixed, with the latter edging up.

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