Exchange-Traded Funds, US Equities Advance After Midday

MT Newswires Live
Oct 21

Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV edged higher. Actively traded Invesco QQQ Trust (QQQ) was up 1.4% after midday Monday.

US equity indexes rose as investors focused on earnings, while government bond yields fell and gold futures jumped in midday trading.

Energy

iShares US Energy ETF (IYE) and the Energy Select Sector SPDR (XLE) both added 0.7%.

Technology

Technology Select Sector SPDR ETF (XLK) gained 1.4%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) advanced as well.

SPDR S&P Semiconductor (XSD) climbed 2.8%, and iShares Semiconductor (SOXX) added 2.1%.

Financial

The Financial Select Sector SPDR (XLF) was up 1.1%. Direxion Daily Financial Bull 3X Shares (FAS) rose 3.2%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), dropped 3.3%.

Commodities

Crude oil dipped 1%, and the United States Oil Fund (USO) shed 0.5%. Natural gas increased 11% and the United States Natural Gas Fund (UNG) gained 8.3%.

Gold on Comex added 3.5%, and SPDR Gold Shares (GLD) rose 2.8%. Silver was up 2.4%, and iShares Silver Trust (SLV) gained 0.6%.

Consumer

Consumer Staples Select Sector SPDR (XLP) slipped 0.1%. The Vanguard Consumer Staples ETF (VDC) also dipped 0.1%, while iShares Dow Jones US Consumer Goods (IYK) rose fractionally.

Consumer Discretionary Select Sector SPDR (XLY) climbed 0.6%. VanEck Retail ETF (RTH) was up 0.2%, and SPDR S&P Retail (XRT) added 0.9%.

Health Care

Health Care Select Sector SPDR (XLV) edged 1% higher, and iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) advanced; iShares Biotechnology ETF (IBB) was up 1.6%.

Industrial

Industrial Select Sector SPDR (XLI) rose 1.2%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) moved up as well.

Cryptocurrency

In midday activity, bitcoin (BTC-USD) rose 1.5%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) added 3.9%, ProShares Ether ETF (EETH) gained 3%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was up 4.7%.

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