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Exchange-Traded Funds, US Equities Trend Higher After Midday
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Exchange-Traded Funds, US Equities Trend Higher After Midday
Jun 24, 2025 10:24 AM

01:13 PM EDT, 06/24/2025 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV rose Tuesday afternoon. Actively traded Invesco QQQ Trust (QQQ) was up 1.5%.

US equity indexes rose as a sharp sell-off in crude oil futures alleviated concerns that inflation could spike because of the Middle East conflict, and after Federal Reserve Chair Jerome Powell left the door open for a sooner-than-anticipated easing in monetary policy.

Energy

iShares US Energy ETF (IYE) shed 1% and the Energy Select Sector SPDR (XLE) fell 1.2%.

Technology

Technology Select Sector SPDR ETF (XLK) rose 1.8%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were higher as well.

SPDR S&P Semiconductor (XSD) added 3.8%, and iShares Semiconductor (SOXX) gained 3.6%.

Financial

Financial Select Sector SPDR (XLF) was 1.5% higher. Direxion Daily Financial Bull 3X Shares (FAS) climbed 4.4%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), dropped 4.4%.

Commodities

Crude oil lost 6.3%, and the United States Oil Fund (USO) was up 5.4%. Natural gas dipped 3.9%, and the United States Natural Gas Fund (UNG) was 3.6% down.

Gold fell 1.8% on Comex, and SPDR Gold Shares (GLD) lost 1.7%. Silver was 1.4% down, and iShares Silver Trust (SLV) shed 1.4%.

Consumer

Consumer Staples Select Sector SPDR (XLP) fractionally down; Vanguard Consumer Staples ETF (VDC) was up less than 0.1%, while the iShares Dow Jones US Consumer Goods (IYK) fell fractionally.

Consumer Discretionary Select Sector SPDR (XLY) was up 0.7%; VanEck Retail ETF (RTH) was 0.3% higher, and SPDR S&P Retail (XRT) added 0.3%.

Health Care

Health Care Select Sector SPDR (XLV) was up 0.8%. iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) rose. iShares Biotechnology ETF (IBB) climbed 2%.

Industrial

Industrial Select Sector SPDR (XLI) was 0.5% up. Vanguard Industrials (VIS) and iShares US Industrials (IYJ) were pointing higher.

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