Exchange-Traded Funds, US Equities Decline After Midday Tuesday

MT Newswires Live
Sep 17

Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV fell. Actively traded Invesco QQQ Trust (QQQ) dipped 0.1%.

US equity indexes decline following strong retail sales and a surprise increase in industrial production as the Federal Reserve remains on course to resume policy easing.

Energy

iShares US Energy ETF (IYE) and the Energy Select Sector SPDR (XLE) each added 1.5%.

Technology

Technology Select Sector SPDR ETF (XLK) slipped 0.3%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) moved lower as well.

SPDR S&P Semiconductor (XSD) rose 0.1%, and iShares Semiconductor (SOXX) was fractionally higher.

Financial

The Financial Select Sector SPDR (XLF) eased 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) dropped 1.3% and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), climbed 1%.

Commodities

Crude oil gained 1.9%, and the United States Oil Fund (USO) rose 1.8%. Natural gas climbed 1.7%, and the United States Natural Gas Fund (UNG) advanced 1.6%.

Gold on Comex and SPDR Gold Shares (GLD) each added 0.2%. Silver shed 0.1%, and iShares Silver Trust (SLV) fell 0.3%.

Consumer

Consumer Staples Select Sector SPDR (XLP) rose 0.3%. The Vanguard Consumer Staples ETF (VDC) and the iShares Dow Jones US Consumer Goods (IYK) also gained.

Consumer Discretionary Select Sector SPDR (XLY) was up 0.4%. VanEck Retail ETF (RTH) added 0.2%, and SPDR S&P Retail (XRT) dipped 0.6%.

Health Care

Health Care Select Sector SPDR (XLV) rose 0.2%, and iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) moved up; iShares Biotechnology ETF (IBB) added 0.4%.

Industrial

Industrial Select Sector SPDR (XLI) lost 0.4%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were in the red.

Cryptocurrency

In midday activity, bitcoin (BTC-USD) added 1.3%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) was up 0.9%, ProShares Ether ETF (EETH) lost 0.3%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) rose 0.3%.

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