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Real-time Nasdaq - 05:15 2022-12-09 pm EST
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Midday ETF Update: Broad-Market ETFs Lower; US Equity Indices Drop, Treasury Yields Rise as Nonfarm Payrolls Top Estimates

10/07/2022 | 12:36pm
(MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded funds, including IWM and IVV, were trading lower. Actively-traded Invesco QQQ Trust (QQQ) fell 3.1%.

US benchmark indices fell while government bond yields rose, trading close to their highest levels in more than a decade as the probability of a fourth 75-basis-point hike in interest rates increased after nonfarm payrolls rose more than forecast in September.

Energy

iShares US Energy ETF (IYE) gained 1.2% and Energy Select Sector SPDR (XLE) was 1.3% higher.

Technology

Technology Select Sector SPDR ETF (XLK) declined 3.4%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were lower.

SPDR S&P Semiconductor (XSD) dropped 4.7% while iShares PHLX Semiconductor (SOXX) was 5.1% lower.

Financial

Financial Select Sector SPDR (XLF) fell 2%. Direxion Daily Financial Bull 3X shares (FAS) climbed 6.2% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) rose 6.3%.

Commodities

Crude climbed 4.5%; United States Oil Fund (USO) rose 3.9%. Natural gas fell 1.7% and the United States Natural Gas Fund (UNG) gained 0.3%.

Gold was 0.5% lower, and SPDR Gold Shares (GLD) slipped 0.6%. Silver fell 1.6% and iShares Silver Trust (SLV) declined 2%.

Consumer

Consumer Staples Select Sector SPDR (XLP) fell 1.3%; Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) were lower.

Consumer Discretionary Select Sector SPDR (XLY) declined 3.5%; retail funds VanEck Vectors Retail ETF (RTH) and SPDR S&P Retail (XRT) were lower.

Health Care

Health Care Select Sector SPDR (XLV) fell 1.6% and other funds iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were lower. Biotech ETF iShares NASDAQ Biotechnology ETF (IBB) was down 1.6%.

Industrial

Select Sector SPDR-Industrial (XLI) declined 2% while other industrial funds iShares U.S. Industrials (IYJ), and Vanguard Industrials (VIS) were lower in midday trading.

MT Newswires 2022
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