Exchange-Traded Funds, US Equities Rise After Midday
Broad Market IndicatorsBroad-market exchange-traded funds IWM and IVV advanced. Actively traded Invesco QQQ Trust (QQQ) added 1.4%.US equity indexes jumped, with the S&P 500 and the Nasdaq Composite breaking records, and crude oil futures sank Friday afternoon after the Strait of Hormuz was declared open for the remainder of the ceasefire period.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each dropped about 3.7%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) was up 1.7%; iShares US Technology ETF (IYW) rose 1.7%, and iShares Expanded Tech Sector ETF (IGM) added 1.4%.The State Street SPDR S&P Semiconductor (XSD) climbed 2.7%, and iShares Semiconductor (SOXX) was up 2.3%.FinancialThe State Street Financial Select Sector SPDR (XLF) gained 1.8%. Direxion Daily Financial Bull 3X Shares (FAS) climbed 5.2%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 5.3%.CommoditiesCrude oil dropped 10.5%, and the United States Oil Fund (USO) slipped 9.7%. Natural gas rose 1.4%, and the United States Natural Gas Fund (UNG) added 0.7%.Gold on Comex gained 1.8%, and the State Street SPDR Gold Shares (GLD) rose 1.6%. Silver advanced 5%, and iShares Silver Trust (SLV) was up 4.7%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) gained 1.1%. The Vanguard Consumer Staples ETF (VDC) added 1.2%, and iShares Dow Jones US Consumer Goods (IYK) was 1% higher.The State Street Consumer Discretionary Select Sector SPDR (XLY) climbed up 3.4%. VanEck Retail ETF (RTH) was up 1.8%, while the State Street SPDR S&P Retail (XRT) added 3.8%.Health CareThe State Street Health Care Select Sector SPDR (XLV) rose 1.7%, iShares US Healthcare (IYH) added 1.7%, and Vanguard Health Care ETF (VHT) was 1.8% higher. IShares Biotechnology ETF (IBB) gained 1.6%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) added 2.6%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) also moved higher.CryptocurrencyBitcoin (BTC-USD) rose 3.5%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) added 3.4%, ProShares Ether ETF (EETH) gained 4.6%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was up 3.7%.