Exchange-Traded Funds Rise US Equities Advance After Midday

Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV edged higher. Actively traded Invesco QQQ Trust (QQQ) added 0.5% after midday Friday.

US equity indexes rose as crude oil prices fell after Iran floated a conditional proposal to reopen the Strait of Hormuz within seven days and resume talks over its nuclear program.

Energy

IShares US Energy ETF (IYE) fell 1.4% and the State Street Energy Select Sector SPDR (XLE) lost 1.3%.

Technology

The State Street Technology Select Sector SPDR ETF (XLK) gained 1%; iShares US Technology ETF (IYW) was up 0.8%, and iShares Expanded Tech Sector ETF (IGM) added 0.7%.

The State Street SPDR S&P Semiconductor (XSD) climbed 3.3%, and iShares Semiconductor (SOXX) was 1.5% higher.

Financial

The State Street Financial Select Sector SPDR (XLF) added 0.5%. Direxion Daily Financial Bull 3X Shares (FAS) advanced 1.4%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 1.3%.

Commodities

Crude oil lost 2.6%, and the United States Oil Fund (USO) was down 3.1%. Natural gas dropped 3.9%, and the United States Natural Gas Fund (UNG) moved 4.7% lower.

Gold on Comex added 0.5%, and the State Street SPDR Gold Shares (GLD) was up 0.3%. Silver gained 1.2%, and iShares Silver Trust (SLV) rose 0.8%.

Consumer

The State Street Consumer Staples Select Sector SPDR (XLP) added 0.2% and the Vanguard Consumer Staples ETF (VDC) gained 0.3%.

The State Street Consumer Discretionary Select Sector SPDR (XLY) was up 0.4%. VanEck Retail ETF (RTH) added 0.5%, and the State Street SPDR S&P Retail (XRT) gained 0.6%.

Healthcare

The State Street Health Care Select Sector SPDR (XLV) was fractionally lower, while iShares US Healthcare (IYH) rose less than 0.1% and Vanguard Health Care ETF (VHT) was down marginally. IShares Biotechnology ETF (IBB) was flat.

Industrial

The State Street Industrial Select Sector SPDR (XLI) added 0.9%. Vanguard Industrials Index Fund (VIS) was up 0.8% and iShares US Industrials (IYJ) rose 0.8%.

Cryptocurrency

In midday activity, bitcoin (BTC-USD) was 0.6% lower. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) declined 0.7%, ProShares Ether ETF (EETH) was down 0.2%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) dipped 0.7%.