financetom
Market
financetom
/
Market
/
Exchange-Traded Funds, US Equities Slip After Midday Trading
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Exchange-Traded Funds, US Equities Slip After Midday Trading
Jan 8, 2025 10:23 AM

01:13 PM EST, 01/08/2025 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded fund IWM and IVV were lower. Actively traded Invesco QQQ Trust (QQQ) eased 0.3%.

US equity indexes slipped in midday trading Wednesday following data showing an unexpected drop jobless claims, while private payrolls missed forecast.

Energy

iShares US Energy ETF (IYE) lost 0.5%, and Energy Select Sector SPDR (XLE) edged down 0.4%.

Technology

Technology Select Sector SPDR ETF (XLK) shed 0.5%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were also lower.

SPDR S&P Semiconductor (XSD) slumped 2.9%, and iShares Semiconductor (SOXX) shed 1.6%.

Financial

Financial Select Sector SPDR (XLF) was 0.1% higher. Direxion Daily Financial Bull 3X Shares (FAS) fell 0.6%, and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) advanced 0.5%.

Commodities

Crude oil dropped 1.2%, and the United States Oil Fund (USO) lost 1.2%. Natural gas rose 4.3%, and the United States Natural Gas Fund (UNG) jumped 4.5%.

Gold added 0.2% on Comex, and SPDR Gold Shares (GLD) edged up 0.2%. Silver fell 0.3%, and iShares Silver Trust (SLV) edged down 0.2%.

Consumer

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

Consumer Discretionary Select Sector SPDR (XLY) gained 0.2%; retail fund VanEck Vectors Retail ETF (RTH) was up 0.1%, while SPDR S&P Retail (XRT) fell 0.9%.

Health Care

Health Care Select Sector SPDR (XLV) was 0.1% higher, while iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were also higher. IShares Biotechnology ETF (IBB) lost 0.7%.

Industrial

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

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Fear & Greed Index In 'Neutral' Zone Following Inflation Data; Dow Dips Over 400 Points
Fear & Greed Index In 'Neutral' Zone Following Inflation Data; Dow Dips Over 400 Points
Apr 11, 2024
The CNN Money Fear and Greed index showed a further decline in the overall market sentiment, with the index remaining in the Neutral zone on Wednesday. U.S. stocks closed lower on Wednesday following the release of inflation data for March. U.S. annual inflation rate rose for a second consecutive month to 3.5% in March from 3.2% in February. U.S. wholesale...
COLUMN-Negative equity/bond correlation is positive for 60-40 portfolio: McGeever
COLUMN-Negative equity/bond correlation is positive for 60-40 portfolio: McGeever
Apr 11, 2024
ORLANDO, Florida, April 10 (Reuters) - Correlations between U.S. stocks and bonds are weakening and in some cases turning negative for the first time in almost a year, breathing new life into the standard 60-40 investment portfolio. For longer-term investors with a balanced portfolio between equities and fixed income or 60-40 in stocks' favor, a negative correlation between the two...
EMERGING MARKETS-Stocks, FX slide after U.S. inflation print triggers global selloff
EMERGING MARKETS-Stocks, FX slide after U.S. inflation print triggers global selloff
Apr 11, 2024
* ADB forecasts Developing Asia growth at 4.9% in 2024 * March CPI dips in Hungary and Romania, services prices stay hot * South Korea's opposition wins parliamentary vote * EM stocks and FX off 0.3% each By Bansari Mayur Kamdar April 11 (Reuters) - Most emerging market stocks and currencies eased on Thursday, tracking overnight losses on Wall Street,...
Constellation Brands, Costco And 3 Stocks To Watch Heading Into Thursday
Constellation Brands, Costco And 3 Stocks To Watch Heading Into Thursday
Apr 11, 2024
With U.S. stock futures trading mixed this morning on Thursday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Constellation Brands, Inc. ( STZ ) to report quarterly earnings at $2.09 per share on revenue of $2.10 billion, according to data from Benzinga Pro. Constellation shares fell 0.2% to $264.40 in after-hours trading....
Copyright 2023-2026 - www.financetom.com All Rights Reserved