Exchange-Traded Funds Rise, US Equities Rise After Midday
Broad Market IndicatorsBroad-market exchange-traded funds IWM and IVV were higher Monday. Actively traded Invesco QQQ Trust (QQQ) added 3.1%.US equity indexes rose after the US and Iran reached a framework agreement to end the war in the Middle East, setting the stage for a reopening of the Strait of Hormuz, the chokepoint for about a fifth of global crude oil flows.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each fell about 2.9%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) and iShares US Technology ETF (IYW) each rose about 3.7%, while iShares Expanded Tech Sector ETF (IGM) was up 3.6%.The State Street SPDR S&P Semiconductor (XSD) advanced 4.4%, and iShares Semiconductor (SOXX) was 5% higher.FinancialThe State Street Financial Select Sector SPDR (XLF) added 1%. Direxion Daily Financial Bull 3X Shares (FAS) added 2.8%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 2.9%.CommoditiesCrude oil shed 5.6%, and the United States Oil Fund (USO) fell 4.4%. Natural gas added 0.3%, and the United States Natural Gas Fund (UNG) was flat.Gold on Comex gained 3%, and the State Street SPDR Gold Shares (GLD) also rose 3%. Silver advanced 3.5%, and iShares Silver Trust (SLV) was up 3.7%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) shed 0.2%. The Vanguard Consumer Staples ETF (VDC) eased 0.2%, and iShares Dow Jones US Consumer Goods (IYK) was down 0.4%.The State Street Consumer Discretionary Select Sector SPDR (XLY) was up 1.9%. VanEck Retail ETF (RTH) was 0.6% higher, and the State Street SPDR S&P Retail (XRT) rose 0.2%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) dipped 0.3%, iShares US Healthcare (IYH) fell 0.2%, and Vanguard Health Care ETF (VHT) declined 0.1%. IShares Biotechnology ETF (IBB) climbed up 0.8%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) added 1.8%. Vanguard Industrials Index Fund (VIS) gained 1.8%, while iShares US Industrials (IYJ) rose 1.7%.CryptocurrencyIn midday activity, bitcoin (BTC-USD) was up 5.1%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) rose 5.6%, ProShares Ether ETF (EETH) advanced 10.6%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 6.1% higher.