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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
Nov 6, 2024 10:40 AM

01:04 PM EST, 11/06/2024 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV were higher on Wednesday. Actively traded Invesco QQQ Trust (QQQ) rose 2.3%.

US equity indexes hit fresh intraday record highs, government bond yields surged, and the dollar strengthened after Republican presidential nominee Donald Trump beat his Democratic counterpart Kamala Harris in Tuesday's vote.

Energy

iShares US Energy ETF (IYE) rose 3.3% and Energy Select Sector SPDR (XLE) gained 3.7%.

Technology

Technology Select Sector SPDR ETF (XLK) rose 2.4%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) both climbed.

SPDR S&P Semiconductor (XSD) added 3.5% and iShares Semiconductor (SOXX) was up 2.3%.

Financial

Financial Select Sector SPDR (XLF) rose 5.8%. Direxion Daily Financial Bull 3X Shares (FAS) was 17.3% higher, and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) dropped 17.4%.

Commodities

Crude oil was up 0.1%; United States Oil Fund (USO) dipped 0.1%. Natural gas rose 3.1%, and the United States Natural Gas Fund (UNG) climbed 3.4%.

Gold lost 2.7% on Comex, and SPDR Gold Shares (GLD) shed 2.8%. Silver was down 4.6%, while iShares Silver Trust (SLV) fell 4.5%.

Consumer

Consumer Staples Select Sector SPDR (XLP) was down 1.8%; Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) were in the red.

Consumer Discretionary Select Sector SPDR (XLY) edged 2.6% higher; retail fund VanEck Vectors Retail ETF (RTH) rose 0.9% while SPDR S&P Retail (XRT) gained 1.5%.

Health Care

Health Care Select Sector SPDR (XLV) was fractionally higher; iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were mixed with the latter trending higher. iShares NASDAQ Biotechnology ETF (IBB) gained 0.9%.

Industrial

Select Sector SPDR-Industrial (XLI) climbed 3.7%, Vanguard Industrials (VIS) and iShares US Industrials (IYJ) were higher.

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