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Exchange-Traded Funds, US Equities Fall After Midday
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Exchange-Traded Funds, US Equities Fall After Midday
Oct 1, 2024 8:03 PM

01:12 PM EDT, 10/01/2024 (MT Newswires) -- US equity indexes slumped along with government bond yields Tuesday after the Israeli military reportedly said Iran fired more than 100 missiles directly at the country, sending oil and gold futures higher, while job openings in the US unexpectedly jumped.

Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV were lower. Actively traded Invesco QQQ Trust (QQQ) was 1.9% lower.

Energy

iShares US Energy ETF (IYE) rose 2.2%, and Energy Select Sector SPDR (XLE) added 2.4%.

Technology

Technology Select Sector SPDR ETF (XLK) fell 2.6%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were lower.

SPDR S&P Semiconductor (XSD) slumped 3.7%, and iShares Semiconductor (SOXX) declined 3.2%.

Financial

Financial Select Sector SPDR (XLF) lost 0.5%. Direxion Daily Financial Bull 3X Shares (FAS) eased 1.3%, and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) added 1.4%.

Commodities

Crude oil was up 4.6%; United States Oil Fund (USO) was 4.7% higher. Natural gas lost 1%, and the United States Natural Gas Fund (UNG) edged down 0.1%.

Gold was up 1.1% on Comex, and SPDR Gold Shares (GLD) rose 1.5%. Silver was 1.2% higher, and iShares Silver Trust (SLV) added 1.4%.

Consumer

Consumer Staples Select Sector SPDR (XLP) shed 0.6%; Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) were declining.

Consumer Discretionary Select Sector SPDR (XLY) fell 1.2%; retail fund VanEck Vectors Retail ETF (RTH) and SPDR S&P Retail (XRT) were lower.

Health Care

Health Care Select Sector SPDR (XLV) was down 0.6%; iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were lower. iShares NASDAQ Biotechnology ETF (IBB) lost 1.2%.

Industrial

Select Sector SPDR-Industrial (XLI) was little changed, and Vanguard Industrials (VIS) and iShares US Industrials (IYJ) traded lower.

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