Exchange-Traded Funds Move Higher as US Equities Advance After Midday
Broad Market IndicatorsBroad-market exchange-traded funds IWM and IVV rose. Actively traded Invesco QQQ Trust (QQQ) added 0.9%.US equity indexes rose in midday trading on Thursday as technology topped sector charts, pushing the S&P 500 and the Nasdaq to intraday all-time highs.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each rose about 0.7%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) rose 1.6%; iShares US Technology ETF (IYW) gained 1.1%, and iShares Expanded Tech Sector ETF (IGM) was up 1.4%.The State Street SPDR S&P Semiconductor (XSD) added 0.1%, and iShares Semiconductor (SOXX) was up 0.7%.FinancialThe State Street Financial Select Sector SPDR (XLF) added 0.5%. Direxion Daily Financial Bull 3X Shares (FAS) climbed 1.4%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 1.3%.CommoditiesCrude oil fell 0.1%, and the United States Oil Fund (USO) lost 0.3%. Natural gas rose 1.1%, and the United States Natural Gas Fund (UNG) added 1.6%.Gold on Comex eased 0.2% and the State Street SPDR Gold Shares (GLD) slipped 0.3%. Silver dropped 4.7%, and iShares Silver Trust (SLV) fell 3.2%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) rose 0.4%. The Vanguard Consumer Staples ETF (VDC) added 0.5%, and iShares Dow Jones US Consumer Goods (IYK) was up 0.5%.The State Street Consumer Discretionary Select Sector SPDR (XLY) gained 0.4%. VanEck Retail ETF (RTH) fell 0.1%, and the State Street SPDR S&P Retail (XRT) rose 1.2%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) fell fractionally, iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were marginally down. IShares Biotechnology ETF (IBB) shed 0.5%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) rose 0.4%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were also higher.CryptocurrencyIn midday activity, bitcoin (BTC-USD) gained 2.3%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) added 2.4%, ProShares Ether ETF (EETH) was up 2.2%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 0.4% higher.