Exchange-Traded Funds, US Equities Rise After Midday

MT Newswires Live
Oct 28

Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV were higher. Actively traded Invesco QQQ Trust (QQQ) was up 1.6%.

US equity indexes rose in midday trading Monday, breaking records, amid expectations of a US trade deal with China, the world's second-largest economy.

Energy

iShares US Energy ETF (IYE) and the Energy Select Sector SPDR (XLE) each added about 0.5%.

Technology

Technology Select Sector SPDR ETF (XLK) gained 1.5%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) also advanced.

SPDR S&P Semiconductor (XSD) rose 2.4%, and iShares Semiconductor (SOXX) added 2.6%.

Financial

The Financial Select Sector SPDR (XLF) was up 0.4%. Direxion Daily Financial Bull 3X Shares (FAS) climbed 1.2%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), fell 1.2%.

Commodities

Crude oil increased 0.2%, and the United States Oil Fund (USO) added 0.2%. Natural gas climbed 2.5%, and the United States Natural Gas Fund (UNG) dipped 0.9%.

Gold on Comex lost 3.1%, and SPDR Gold Shares (GLD) slipped 2.6%. Silver was down 3.9%, and iShares Silver Trust (SLV) dropped 3.8%.

Consumer

Consumer Staples Select Sector SPDR (XLP) fell 0.1%. The Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) were also lower.

Consumer Discretionary Select Sector SPDR (XLY) added 1.8%. VanEck Retail ETF (RTH) was up 0.3%, and SPDR S&P Retail (XRT) rose 0.9%.

Health Care

Health Care Select Sector SPDR (XLV) was 0.1% down, and iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were mixed, with the latter 0.1% higher; iShares Biotechnology ETF (IBB) was up 1.1%.

Industrial

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

Cryptocurrency

In midday activity, bitcoin (BTC-USD) climbed 1.6%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) rose 5%, ProShares Ether ETF (EETH) added 7.3%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was up 4.7%.

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