Exchange-Traded Funds Rise, US Equities Mixed After Midday

MT Newswires Live
09 Jul

Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV rose. Actively traded Invesco QQQ Trust (QQQ) was up 0.2%.

US equity indexes traded mixed after midday on Tuesday as traders assessed President Donald Trump's post on Truth Social that tariffs against a broad group of trading partners would take effect Aug. 1, with no extensions granted.

Energy

iShares US Energy ETF (IYE) added 2.6% and the Energy Select Sector SPDR (XLE) rose 2.7%.

Technology

Technology Select Sector SPDR ETF (XLK) gained 0.6%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) also moved ahead.

SPDR S&P Semiconductor (XSD) was 2.6% higher, while iShares Semiconductor (SOXX) rose 2.4%.

Financial

Financial Select Sector SPDR (XLF) was 0.7% lower. Direxion Daily Financial Bull 3X Shares (FAS) dropped 2.3%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), rose 2.2%.

Commodities

Crude oil added 1.1%, and the United States Oil Fund (USO) was up 1.1%. Natural gas dropped 1.9%, and the United States Natural Gas Fund (UNG) fell 1.7%.

Gold slipped 1.1% on Comex, and SPDR Gold Shares (GLD) lost 1%. Silver dipped 1%, and iShares Silver Trust (SLV) was down 0.7%.

Consumer

Consumer Staples Select Sector SPDR (XLP) fell 0.9%; Vanguard Consumer Staples ETF (VDC) was down 0.9%, and the iShares Dow Jones US Consumer Goods (IYK) lost 1%.

Consumer Discretionary Select Sector SPDR (XLY) was down 0.1%; VanEck Retail ETF (RTH) and SPDR S&P Retail (XRT) were also in the red.

Health Care

Health Care Select Sector SPDR (XLV) added 0.9%. iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) also advanced. iShares Biotechnology ETF (IBB) dipped 1.6%.

Industrial

Industrial Select Sector SPDR (XLI) was 0.1% higher. Vanguard Industrials (VIS) and iShares US Industrials (IYJ) also edged higher.

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