Major ETF trusts took a minimal dive this week after the announcement of furthering trade disputes between China and the United States. The SPDR S&P 500 ETF Trust (NYSE: SPY) made gains in the beginning of the week that followed the stellar trajectory the U.S. market took last week, but by the end of the week the fund has been losing those initial share increases. The fund is currently trading in the middle of its 52 week range. The Invesco QQQ Trust (NYSE: QQQ) that follows the Nasdaq moved similarly this week, with the fund currently trading on the higher end of its 52 week range though it continues to negatively grow. The SPDR Dow Jones Industrial Average ETF Trust (NYSE: DIA) was also affected by lackluster company earnings reports and the volatility of the recent market. All three major U.S. stock indexes ended the week in the red.
For Sector ETFs, the gains and losses are more mixed. Energy (NYSE: XLE) was lagging for most of the week, but became one of the better performing sectors on Thursday and held those gains on Friday. The sector ended the week almost up 5% for the year to date. Health Care (NYSE: XLV) was growing poorly for the beginning of the week, but experienced an explosion of growth on Friday, ringing the bell for a new 52 Week High for the sector. Financials (NYSE: XLF) conversely traded well at the start of the week, took a dive mid week, but pulled through and pared the losses from midweek trading due to banking stocks leading a rally. The fund currently has an almost 0.40% 5-day return and about 25% for the year to date.
Utilities (NYSE: XLU) demonstrated a more turbulent week, with the sector starting high, and then falling and raising almost every other day. The sector did however remain in the green for the end of the week and has gained 19% for the year to date. Industrials (NYSE: XLI) on the other hand is making a steady decline for the week, though the sector is posting larger growth of almost 27% for the year to date. Technology (NYSE: XLK) has also been dragging for the end of the week, led by a decline in FANG stocks. Consumer Staples (NYSE: XLP) took a steady decline throughout trading this week, but the fund ended the week edging into positive growth territory. Consumer Discretionary (NYSE: XLY) took a similar fall, but is losing for the week with share almost dropping -0.1%.
For Commodity and Currency ETFs, the Invesco DB Commodity Index Tracking Fund (NYSE: DBC) showed sluggish growth for the start of the week, but began to soar in the midweek and ended the week with returns over 0.1%. Gold (NYSE: GLD) has been decline in current markets, with the fund losing almost -0.3% for the week. United States Oil Fund (NYSE: USO) is continuing to trade on the higher end of its 52 week range and posted gains above 0.1% for the week. United States Natural Gas Fund (NYSE: UNG) has kept up with its ongoing decline, with U.S. rig counts falling for the fifth straight week. Finally, the Invesco DB U.S. Dollar Index Bullish Fund (NYSE: UUP) has had steady growth throughout the week, with shares gaining almost 0.4%.