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.
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