##  [# Pet Care, Food ETFs Gain on Earnings Beats; Bank ETFs Slip](/sections/news/pet-care-food-etfs-gain-earnings-beats-bank-etfs-slip) 

 

# Pet Care, Food ETFs Gain on Earnings Beats; Bank ETFs Slip

 

 

 

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- • News
 
 

2 Updates 

 







 [ ![DJ Shaw ](/sites/default/files/2024-07/5.png) ](/authors/dj-shaw) 

 Thu, September 12, 2024 At 5:09 PM EDT 

  [DJ Shaw ](/authors/dj-shaw)   |   Finance Reporter   |   [ Follow Author ](/etf/login)  

 

 



## PAWZ, PBJ Rise on Retail Strength; KBWB, FTXO Dip on Wells Fargo News

The [**ProShares Pet Care ETF (PAWZ)**](/pawz) climbed 0.8% as [Petco](/stock/WOOF) shares soared 9.1%. This surge follows Petco’s record-breaking 33% rally on Wednesday after strong post-earnings performance.

The [**Invesco Dynamic Food &amp; Beverage ETF (PBJ)**](/pbj) rose 0.9%, boosted by [Kroger’s](/stock/KR) over 7% gain. Kroger beat earnings expectations by 2 cents per share, despite revenue falling short of estimates.

Biotech ETFs showed resilience despite [Moderna’s](/stock/MRNA) plunge. The [**Invesco Nasdaq Biotechnology ETF (IBBQ)**](/ibbq) edged up 0.4%, while [**Langar Global HealthTech ETF (LGHT)**](/lght) gained nearly 1.1%. Moderna fell 12.5% after announcing $1.1 billion in expense cuts by 2027 and plans to pause some pipeline products.

Bank ETFs faced pressure as [**Invesco KBW Bank ETF (KBWB)**](/kbwb) and [**First Trust Nasdaq Bank ETF (FTXO)**](/ftxo) both dropped less than 0.5%. The decline followed news of an enforcement action against [Wells Fargo](/stock/WFC) by the Office of the Comptroller of the Currency, citing risk management deficiencies.

[![KBWB Performance](/sites/default/files/inline-images/image_203.png)](/KBWB) 

 

 



 [ ![Ron Day](/sites/default/files/2024-01/etf.com_Author_RonDay.png) ](/contributors/ron-day) 

 Thu, September 12, 2024 At 12:20 PM EDT 

  [Ron Day ](/contributors/ron-day)   |   Contributing Editor   |   [ Follow Author ](/etf/login)  

 

 



## Oil fund USO surges on hurricane concerns as investors digest producer price report

Commodities ETFs jumped and broad stock funds were mixed after producer prices rose faster than expected last month, potentially keeping central bankers on track for a quarter-point rate hike next week.

The [**United States Oil Fund LP (USO)**](/uso), which tracks near-term oil futures, jumped a second day, adding 3.5%. Hurricane Francine's landfall in Louisiana raised worries that oil fields and refineries would shut and supplies would be pinched.

Other commodities, including silver and gold ETFs, jumped after the release of a report saying that producer prices rose a faster-than-expected 0.2% in August from July. The [**iShares Silver Trust (SLV)**](/slv) leapt 3.8% while the [**SPDR Gold Trust (GLD)**](/gld) gained 1.3%.

Stock ETFs wavered as investors weighed market data with an eye toward a modest rate hike. The [**Fidelity NASDAQ Composite Index ETF (ONEQ)**](/oneq), which tracks the tech-heavy Nasdaq index, added 0.3%. The [**SPDR Dow Jones Industrial Average ETF Trust (DIA)**](/dia), which tracks the 30 biggest stocks on the New York Stock Exchange, fell 0.2%.  
[![](/sites/default/files/inline-images/image_200.png)](/dia)

 

 

 

 

 

 

 

 
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