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Exchange-Traded Funds, US Equities Rise in Midday Trading
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Exchange-Traded Funds, US Equities Rise in Midday Trading
Aug 8, 2024 10:27 AM

12:58 PM EDT, 08/08/2024 (MT Newswires) -- US equity indexes rose with government bond yields after weekly jobless claims fell more than forecast, damping US economic concerns.

Broad-market exchange-traded fund IWM and IVV were higher. Actively traded Invesco QQQ Trust (QQQ) rose 2.6%.

Energy

IShares US Energy ETF (IYE) and Energy Select Sector SPDR (XLE) both rose 1.7%.

Technology

Technology Select Sector SPDR ETF (XLK) added 2.9%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) gained.

SPDR S&P Semiconductor (XSD) jumped 5.5% and iShares Semiconductor (SOXX) rose 5.3%.

Financial

Financial Select Sector SPDR (XLF)climbed 1.1%. Direxion Daily Financial Bull 3X Shares (FAS) rose 3.5% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) dropped 3.2%.

Commodities

Crude was up 1.1%; United States Oil Fund (USO) added 0.9%. Natural gas rose 2.9% and the United States Natural Gas Fund (UNG) gained 3%.

Gold rose 1.2% based on Comex, and SPDR Gold Shares (GLD) climbed 1.5%. Silver advanced 2.3% and iShares Silver Trust (SLV) climbed 3.2%.

Consumer

Consumer Staples Select Sector SPDR (XLP) rose 0.5%; Vanguard Consumer Staples ETF (VDC) gained 0.4% and iShares Dow Jones US Consumer Goods (IYK) eased 0.3%.

Consumer Discretionary Select Sector SPDR (XLY) climbed 1.6%; VanEck Vectors Retail ETF (RTH) and SPDR S&P Retail (XRT) advanced.

Health Care

Health Care Select Sector SPDR (XLV) rose 1.6%; iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) climbed. IShares NASDAQ Biotechnology ETF (IBB) advanced 1.9%.

Industrial

Select Sector SPDR-Industrial (XLI) rose 1.8%. Vanguard Industrials (VIS) and iShares U.S. Industrials (IYJ) increased.

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