Exchange-Traded Funds Rise as US Equities Advance After Midday
Broad Market IndicatorsBroad-market exchange-traded funds IWM and IVV were higher. Actively traded Invesco QQQ Trust (QQQ) added 1.3%.US equity indexes rose Wednesday, with the Nasdaq Composite touching an all-time high, after President Donald Trump extended a ceasefire with Iran.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each gained about 0.7%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) was up 1.7%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) each added about 1.6%.The State Street SPDR S&P Semiconductor (XSD) rose 1.5%, and iShares Semiconductor (SOXX) was up 1.9%.FinancialThe State Street Financial Select Sector SPDR (XLF) shed 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) declined 0.8%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), climbed 0.7%.CommoditiesCrude oil rose 4.1%, and the United States Oil Fund (USO) gained 1.6%. Natural gas was up 1.9%, and the United States Natural Gas Fund (UNG) added 1.3%.Gold on Comex added 0.6%, and the State Street SPDR Gold Shares (GLD) rose 1.1%. Silver climbed 1.8%, and iShares Silver Trust (SLV) was up 2.7%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) rose 0.4%. The Vanguard Consumer Staples ETF (VDC) gained 0.4%, and iShares Dow Jones US Consumer Goods (IYK) was 0.6% higher.The State Street Consumer Discretionary Select Sector SPDR (XLY) added 0.1%. VanEck Retail ETF (RTH) shed 0.2%, while the State Street SPDR S&P Retail (XRT) dipped 0.6%.Health CareThe State Street Health Care Select Sector SPDR (XLV) added 0.4%, iShares US Healthcare (IYH) rose 0.4%, and Vanguard Health Care ETF (VHT) was 0.3% higher. IShares Biotechnology ETF (IBB) gained 0.1%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) lost 0.4%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) also declined.CryptocurrencyIn midday activity, bitcoin (BTC-USD) advanced 5.1%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) rose 5%, ProShares Ether ETF (EETH) added 3.7%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was up 5.6%.