Exchange-Traded Funds Lower, US Equities Mixed After Midday

MT Newswires Live
Nov 01

Broad Market Indicators

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

US equity indexes were mixed Friday, with a rally in Amazon (AMZN) shares boosting the consumer discretionary sector.

Energy

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

Technology

Technology Select Sector SPDR ETF (XLK) slipped 0.2%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) also declined.

SPDR S&P Semiconductor (XSD) was up 0.5%, and iShares Semiconductor (SOXX) was 0.3% lower.

Financial

The Financial Select Sector SPDR (XLF) fell 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) fell 1.1%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), gained 1.1%.

Commodities

Crude oil increased 0.4%, and the United States Oil Fund (USO) added 0.9%. Natural gas rose 3.6%, and the United States Natural Gas Fund (UNG) rose 3.1%.

Gold on Comex fell 0.4%, and SPDR Gold Shares (GLD) lost 1%. Silver fell 0.8%, and iShares Silver Trust (SLV) was down 0.6%.

Consumer

Consumer Staples Select Sector SPDR (XLP) lost 0.3%. The Vanguard Consumer Staples ETF (VDC) was down 0.5%, and iShares Dow Jones US Consumer Goods (IYK) was down 0.5%.

Consumer Discretionary Select Sector SPDR (XLY) gained 2.4%. VanEck Retail ETF (RTH) was up 1.8%, while SPDR S&P Retail (XRT) fell 0.7%.

Health Care

Health Care Select Sector SPDR (XLV) fell 0.4%, and iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were also lower; iShares Biotechnology ETF (IBB) was up 0.6%.

Industrial

Industrial Select Sector SPDR (XLI) eased 0.1%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were also softer.

Cryptocurrency

In midday activity, bitcoin (BTC-USD) gained 2.1%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) gained 2.3%, ProShares Ether ETF (EETH) rose 3.0%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was up 3.5%.

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