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Exchange-Traded Funds Rise, US Equities Mixed After Midday

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Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV edged higher. Actively traded Invesco QQQ Trust (QQQ) eased 0.5%.

US equity indexes were mixed in midday trading on Thursday amid a decline in technology shares, government bond yields, and crude oil futures.

Energy

IShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each added about 0.4%.

Technology

The State Street Technology Select Sector SPDR ETF (XLK) was 1.7% lower; iShares US Technology ETF (IYW) lost 0.6%, and iShares Expanded Tech Sector ETF (IGM) was down 1.7%.

The State Street SPDR S&P Semiconductor (XSD) slipped 0.7%, and iShares Semiconductor (SOXX) fell 2.1%.

Financial

The State Street Financial Select Sector SPDR (XLF) rose 2.8%. Direxion Daily Financial Bull 3X Shares (FAS) climbed 8.1%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 8.2%.

Commodities

Crude oil dropped 3.6%, and the United States Oil Fund (USO) eased 3.7%. Natural gas gained 4.5%, and the United States Natural Gas Fund (UNG) was up 3.7%.

Gold on Comex rose 1%, and the State Street SPDR Gold Shares (GLD) was up 0.8%. Silver added 0.5%, and iShares Silver Trust (SLV) gained 0.9%.

Consumer

The State Street Consumer Staples Select Sector SPDR (XLP) rose 0.3%. The Vanguard Consumer Staples ETF (VDC) added 0.5%, and iShares Dow Jones US Consumer Goods (IYK) gained 0.3%.

The State Street Consumer Discretionary Select Sector SPDR (XLY) added 0.4%. VanEck Retail ETF (RTH) advanced 1.1%, and the State Street SPDR S&P Retail (XRT) rose 0.1%.

Healthcare

The State Street Health Care Select Sector SPDR (XLV) climbed up 2.9%, iShares US Healthcare (IYH) added 2.8%, and Vanguard Health Care ETF (VHT) rose 2.9%. IShares Biotechnology ETF (IBB) advanced 2.5%.

Industrial

The State Street Industrial Select Sector SPDR (XLI) gained 1%. Vanguard Industrials Index Fund (VIS) was up 1%, while iShares US Industrials (IYJ) rose 1.4%.

Cryptocurrency

In midday activity, bitcoin (BTC-USD) dropped 2.2%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) fell 2.8%, ProShares Ether ETF (EETH) shed 2%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 1.8% lower.

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