Exchange-Traded Funds, US Equities Rise After Midday Trading

MT Newswires Live
01-22

Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV rose. Actively traded Invesco QQQ Trust (QQQ) climbed 0.5%.

US equity indexes were rising in a broad-based rally after midday on Tuesday with government bond yields mixed following President Donald Trump's inauguration.

Energy

iShares US Energy ETF (IYE) declined 0.3% and Energy Select Sector SPDR (XLE) dipped 0.1%.

Technology

Technology Select Sector SPDR ETF (XLK) gained 0.5%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) rose as well.

SPDR S&P Semiconductor (XSD) jumped 1.7%, and iShares Semiconductor (SOXX) climbed 1.6%.

Financial

Financial Select Sector SPDR (XLF) rose 0.6%. Direxion Daily Financial Bull 3X Shares (FAS) climbed 1.9%, and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) fell 1.9%.

Commodities

Crude oil dropped 1.9%, and the United States Oil Fund (USO) lost nearly 2%. Natural gas slumped 3.5%, and the United States Natural Gas Fund (UNG) tumbled 3.8%.

Gold rose 0.4% on Comex, and SPDR Gold Shares (GLD) added 1.5%. Silver rose 1.2%, and iShares Silver Trust (SLV) gained 1.5%.

Consumer

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

Consumer Discretionary Select Sector SPDR (XLY) climbed 0.5%; retail fund VanEck Vectors Retail ETF (RTH) added 1.3%, and SPDR S&P Retail (XRT) rose 1.6%.

Health Care

Health Care Select Sector SPDR (XLV) added 1.4%, and iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were higher. IShares Biotechnology ETF (IBB) added 2.3%.

Industrial

Select Sector SPDR-Industrial (XLI) rose 1.8%, and Vanguard Industrials (VIS) and iShares US Industrials (IYJ) climbed.

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