Markets

Utilities And Gold Bump Higher As Broad Stock Market ETFs Soften

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Major stock-index ETFs were lower near midday Friday, led lower by financials and energy sectors. Utilities and gold showed strength as investors favored defensive areas.

SPDR S&P 500 ( SPY ), PowerShares QQQ (QQQ ) and SPDR Dow Jones Industrial Average ( DIA ) were all off 0.2% at midday.

Utilities Select Sector SPDR ( XLU ) was up 1.1%. Top holdings NextEra Energy ( NEE ) was up 0.8% and yielding 3.0%, Duke Energy ( DUK ) jumped 1.3% and was yielding 4.2%, and Southern Co . (SO) was up 1.6% and yielding 4.5%.

[ibdchart symbol="XLU" type="weekly" size="threequarter" position="leftchart" ]

SPDR Gold Shares (GLD) rose 0.7%, advancing for the fourth straight session and heading for its fourth straight weekly gain. The ETF, whose holdings are physical gold, has rallied 12% from its Dec. 15 low and sits 8% below its 52-week high.

VanEck Vectors Gold Miners (GDX) was up 0.5%. The ETF, which tracks gold mining stocks, has rallied 31% from its December low but still sits 23% below its 52-week high.

Select Sector Financials (XLF) fell 0.9%. Top holdings JPMorgan Chase (JPM) was off 1.2%. Also down were Berkshire Hathaway (BRKB) by 0.3%, Wells Fargo (WFC) by 1.7%, Bank of America[ ticker symb=BAC] by 1.5%, Citigroup (C) by 1.7% and Goldman Sachs (GS) by 1.7%.

The ETF is up 5% this year and 25% since the November election.

12 Bellwether ETFs

Here's a look at the performance of major exchange traded funds across key asset classes on the stock market today.

The Relative Price Strength (RS) Rating measures a stock's price performance over the last 12 months vs. all stocks and ETFs, on a scale of 1 to a best-possible 99.

SPDR S&P 500 ( SPY ), -0.2%, RS 56

PowerShares QQQ (QQQ), -0.2%, RS 67

SPDR Dow Jones Industrial Average ( DIA ), -0.2, RS 64

IShares Core S&P Mid-Cap (IJH), -0.2%, RS 64

IShares Russell 2000 (IWM), -0.5%, RS 69

IShares MSCI EAFE (EFA), -0.9%, RS 43

Vanguard FTSE Emerging Markets (VWO),-1.1%, RS 64

SPDR Gold Shares (GLD), +0.7%, RS 28

United States Oil (USO), -0.6%, RS 53

IShares Core U.S. Aggregate Bond (AGG), +0.4%, RS 23

PowerShares DB U.S.$ Bullish (UUP), 0%, RS 33

IPath S&P 500 VIX Short-Term Futures (VXX), +1.3%, RS 1

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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