Bank, utility and real estate ETFs led the upside Tuesday afternoon, while gold and retail lagged.
SPDR S&P Regional Banking (KRE) and SPDR S&P Bank (KBE) rose 0.9% each as they move off the bottom of their respective flat bases. Goldman Sachs (GS) and JPMorgan (JPM), up 0.9% and 0.8, were among top gainers on the Dow Jones industrial average.
Utilities Select Sector SPDR (XLU) gained 0.9%, extending its Monday breakout past a 52.33 cup-with-handle entry. It's still in buy range. The $7.2 billion ETF advanced 6% after clearing a cup-with-handle base in March 2016 and a subsequent flat base in June. XLU pays a 3.2% annualized dividend.
In the real estate space, iShares U.S. Real Estate (IYR) edged 0.5% higher as it works on the handle to a cup base with an 81.28 buy point. Vanguard REIT Index Fund (VNQ) added 0.3%.
Gold funds fell along with gold futures, which were down 0.5% to $1,254.80 an ounce. VanEck Vectors Junior Gold Miners (GDXJ) dropped 3% VanEck Vectors Gold Miners (GDX) gave up 1.6%. IShares Gold Trust (IAU) and SPDR Gold Trust (GLD) were down 0.5% each; PowerShares DB Gold (DGL) slid 0.3%.
Oil ETFs were mixed. VanEck Vectors Oil Services (OIH) slipped 0.4%, while SPDR S&P Oil & Gas Exploration & Production (XOP) was off 0.1%. But PowerShares DB Oil (DBO) and United States Oil (USO) climbed 0.4% and 0.5% respectively. West Texas intermediate oil prices edged 0.2% higher to $51.21 a barrel.
IShares Core S&P Small-Cap (IJR) reversed upward with a 0.2% gain; iShares Russell 2000 (IWM) also advanced 0.2%.
SPDR S&P Retail (XRT) fell 1.2%, weighed down by DSW (DSW), which slumped 6% to a six-year low after reporting mixed quarterly results.
VanEck Vectors Semiconductor (SMH) declined 0.4% and iShares PHLX Semiconductor (SOXX) 0.6%. Graphics chip designer Nvidia (NVDA) fell 1.8%.
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