Tuesday, September 3, 2024

ETF | Sectors | Sept. 3 2024

 So were commodity stocks.

U.S. crude oil prices slumped 4.4% to $70.34 a barrel. Copper and silver futures fell 2.7%, though gold dipped just 0.2%.

The 10-year Treasury yield declined 7 basis points to 3.84%.

ETFs

Among growth ETFs, the Innovator IBD 50 ETF (FFTY) tumbled 4.2%. The iShares Expanded Tech-Software Sector ETF (IGV) fell 2.2%. The VanEck Vectors Semiconductor ETF (SMH) plunged 7.5%. Nvidia stock is the No. 1 holding in SMH.

Reflecting more-speculative story stocks, ARK Innovation ETF (ARKK) shed 4.1% and ARK Genomics ETF (ARKG) lost 4.8%.

SPDR S&P Metals & Mining ETF (XME) dived 6.05%. SPDR S&P Homebuilders ETF (XHB) gave up 3.4%. The Energy Select SPDR ETF (XLE) slumped 2.5% and the Health Care Select Sector SPDR Fund (XLV) just dipped 0.2%.

The Industrial Select Sector SPDR Fund (XLI) retreated 2.2%. The Financial Select SPDR ETF (XLF) declined 0.7%.



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