Exchange-Traded Funds Higher as US Equities Rise After Midday

MT Newswires Live01:12

Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV rose. Actively traded Invesco QQQ Trust (QQQ) added 1.3%.

US equity indexes rose as a rally in Space Exploration Technologies (SPCX) and Super Micro Computer (SMCI) shares boosted risk sentiment in technology.

Energy

IShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each eased about 0.2%.

Technology

The State Street Technology Select Sector SPDR ETF (XLK) was up 1.8%; iShares US Technology ETF (IYW) added 1.6%, and iShares Expanded Tech Sector ETF (IGM) was 1.3% higher.

The State Street SPDR S&P Semiconductor (XSD) rose 2.1%, and iShares Semiconductor (SOXX) climbed up 2.3%.

Financial

The State Street Financial Select Sector SPDR (XLF) added 0.6%. Direxion Daily Financial Bull 3X Shares (FAS) advanced 2%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 1.8%.

Commodities

Crude oil fell 1.1%, and the United States Oil Fund (USO) lost 1.6%. Natural gas dropped 4.6%, and the United States Natural Gas Fund (UNG) was down 4.2%.

Gold on Comex rose 0.2%, and the State Street SPDR Gold Shares (GLD) was up 0.3%. Silver fell 0.5%, and iShares Silver Trust (SLV) was down 0.3%.

Consumer

The State Street Consumer Staples Select Sector SPDR (XLP) was 0.5% lower, and the Vanguard Consumer Staples ETF (VDC) shed 0.5%.

The State Street Consumer Discretionary Select Sector SPDR (XLY) added 0.4%. VanEck Retail ETF (RTH) was down 0.2%, and the State Street SPDR S&P Retail (XRT) shed 0.6%.

Healthcare

The State Street Health Care Select Sector SPDR (XLV) fell 0.8%, and iShares US Healthcare (IYH) dropped 0.6%, and Vanguard Health Care ETF (VHT) lost 0.6%. IShares Biotechnology ETF (IBB) was up 0.8%.

Industrial

The State Street Industrial Select Sector SPDR (XLI) rose 1%. Vanguard Industrials Index Fund (VIS) was up 0.9%, and iShares US Industrials (IYJ) gained 0.9%.

Cryptocurrency

In midday activity, bitcoin (BTC-USD) added 2.1%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) rose 2.6%, and ProShares Ether ETF (EETH) gained 3.4%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was up 1.1%.

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