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Exchange-Traded Funds, US Equities Rise After Midday Trading
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Exchange-Traded Funds, US Equities Rise After Midday Trading
Apr 8, 2024 10:21 AM

01:06 PM EDT, 04/08/2024 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded funds, including IWM and IVV, were higher. Actively-traded Invesco QQQ Trust (QQQ) was up 0.1%.

US benchmark stock indexes rose after midday on Monday as government bond yields rose, extending gains from last week, and investors weighed the probabilities of an interest-rate cut versus a pause in June following Friday's nonfarm payrolls.

Energy

iShares US Energy ETF (IYE) was up 0.1% and Energy Select Sector SPDR (XLE) was fractionally higher.

Technology

Technology Select Sector SPDR ETF (XLK) was down 0.2%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were mixed, with the latter trading higher.

SPDR S&P Semiconductor (XSD) rose 1.2% while iShares PHLX Semiconductor (SOXX) was up 0.2%.

Financial

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

Commodities

Crude was down 1.1%; United States Oil Fund (USO) fell 1%. Natural gas was up 2.8% and the United States Natural Gas Fund (UNG) increased 3.5%.

Gold was up 0.1% based on Comex, and SPDR Gold Shares (GLD) gained 0.1%. Silver was up 1.2% and iShares Silver Trust (SLV) rose 1.1%.

Consumer

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

Consumer Discretionary Select Sector SPDR (XLY) increased 1.1%; retail funds VanEck Vectors Retail ETF (RTH) and SPDR S&P Retail (XRT) were higher.

Health Care

Health Care Select Sector SPDR (XLV) fell 0.3% and other funds iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were lower. Biotech ETF iShares NASDAQ Biotechnology ETF (IBB) was up 0.1%.

Industrial

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

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