Exchange-Traded Funds Mixed, US Equities Fall After Midday

MT Newswires Live
Aug 19

Broad Market Indicators

Broad-market exchange-traded fund IWM rose and IVV declined. Actively traded Invesco QQQ Trust (QQQ) fell 0.3%.

US equity indexes were lower in midday trading on Monday as geopolitical risk unnerved investors ahead of President Donald Trump's meeting with Ukrainian President Volodymyr Zelensky to discuss the likely tough conditions from Moscow to end the deadly war.

Energy

iShares US Energy ETF (IYE) and the Energy Select Sector SPDR (XLE) slid 0.3% and 0.4%, respectively.

Technology

Technology Select Sector SPDR ETF (XLK) was down 0.1%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were also lower.

SPDR S&P Semiconductor (XSD) gained 0.5%, and iShares Semiconductor (SOXX) added 0.1%.

Financial

Financial Select Sector SPDR (XLF) was marginally up. Direxion Daily Financial Bull 3X Shares (FAS) was 0.1% higher, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), fractionally down.

Commodities

Crude oil added 0.5%, and the United States Oil Fund (USO) was up 0.2%. Natural gas retreated 0.5%, and the United States Natural Gas Fund (UNG) lost 0.2%.

Gold slid 0.1% on Comex, and SPDR Gold Shares (GLD) fell 0.2%. Silver gained 0.2%, and iShares Silver Trust (SLV) was 0.1% fractionally higher.

Consumer

Consumer Staples Select Sector SPDR (XLP) was up 0.2%; Vanguard Consumer Staples ETF (VDC) and the iShares Dow Jones US Consumer Goods (IYK) were up.

Consumer Discretionary Select Sector SPDR (XLY) lost 0.3%, and VanEck Retail ETF (RTH) and SPDR S&P Retail (XRT) were in the green.

Health Care

Health Care Select Sector SPDR (XLV) rose 0.3%, and iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) also edged higher. iShares Biotechnology ETF (IBB) was up 0.1%.

Industrial

Industrial Select Sector SPDR (XLI) added 0.3%. Vanguard Industrials (VIS) and iShares US Industrials (IYJ) were higher.

Cryptocurrency

In midday activity, bitcoin (BTC-USD) slipped 1.5%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) fell 0.8%, ProShares Ether ETF (EETH) shed 1.4%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.

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