Exchange-Traded Funds Higher, US Equities Mixed After Midday

MT Newswires Live
Oct 15

Broad Market Indicators

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

US equity indexes traded mixed after midday Tuesday as quarterly results from mega-cap financials failed to offset the impact of an escalating trade feud with China.

Energy

iShares US Energy ETF (IYE) and the Energy Select Sector SPDR (XLE) each added about 0.3%.

Technology

Technology Select Sector SPDR ETF (XLK) was 0.4% lower; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) moved down as well.

SPDR S&P Semiconductor (XSD) added 1.2%, and iShares Semiconductor (SOXX) slipped 0.5%.

Financial

The Financial Select Sector SPDR (XLF) gained 1.4%. Direxion Daily Financial Bull 3X Shares (FAS) climbed 3.5%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), dropped 4.0%.

Commodities

Crude oil was down 1.2%, and the United States Oil Fund (USO) lost 1.4%. Natural gas fell 3%, and the United States Natural Gas Fund (UNG) slipped 2.3%.

Gold on Comex climbed 0.6%, and SPDR Gold Shares (GLD) rose 1%. Silver was up 0.3%, and iShares Silver Trust (SLV) dipped 0.2%.

Consumer

Consumer Staples Select Sector SPDR (XLP) added 0.9%. The Vanguard Consumer Staples ETF (VDC) rose 1.2%, while iShares Dow Jones US Consumer Goods (IYK) was up 0.5%.

Consumer Discretionary Select Sector SPDR (XLY) advanced 0.8%. VanEck Retail ETF (RTH) was up 0.4%, and SPDR S&P Retail (XRT) added 1.7%.

Health Care

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

Industrial

Industrial Select Sector SPDR (XLI) gained 1.4%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were higher.

Cryptocurrency

In midday activity, bitcoin (BTC-USD) fell 2.7%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) was down 2.9%, ProShares Ether ETF (EETH) fell 3.1%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) lost 2.7%.

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