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Exchange-Traded Funds, US Equities Higher After Midday Friday
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Exchange-Traded Funds, US Equities Higher After Midday Friday
Jan 31, 2025 10:35 AM

01:07 PM EST, 01/31/2025 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV were higher. Actively traded Invesco QQQ Trust (QQQ) rose 1.4%.

US equity indexes rose around midday Friday as the Federal Reserve's preferred inflation measure met expectations, while investors received Apple ( AAPL ) earnings positively, amid speculations President Donald Trump's tariffs, if announced on Saturday, may not include oil imports.

Energy

iShares US Energy ETF (IYE) and Energy Select Sector SPDR (XLE) each lost about 1.6%.

Technology

Technology Select Sector SPDR ETF (XLK) rose 1.2%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were higher.

SPDR S&P Semiconductor (XSD) and iShares Semiconductor (SOXX) both rose 2.2% each.

Financial

Financial Select Sector SPDR (XLF) climbed 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.4%, and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) dropped 0.4%.

Commodities

Crude oil was down 0.8%, and the United States Oil Fund (USO) fell more than 1%. Natural gas was practically unchanged, and the United States Natural Gas Fund (UNG) dropped 0.1%.

Gold fell less than 0.1% on Comex, and SPDR Gold Shares (GLD) gained 0.4%. Silver slipped 0.5%, and iShares Silver Trust (SLV) was 0.2% lower.

Consumer

Consumer Staples Select Sector SPDR (XLP) fell 0.3%; Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) were lower.

Consumer Discretionary Select Sector SPDR (XLY) was up 1.1%; retail fund VanEck Vectors Retail ETF (RTH) rose 0.1%, and SPDR S&P Retail (XRT) lost 0.1%.

Health Care

Health Care Select Sector SPDR (XLV) was up 0.8%, and iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were higher. IShares Biotechnology ETF (IBB) rose 1.2%.

Industrial

Select Sector SPDR-Industrial (XLI) was up 0.3%, and Vanguard Industrials (VIS) and iShares US Industrials (IYJ) were higher.

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