Exchange-Traded Funds Advance as US Equities Rise After Midday Friday
Broad Market IndicatorsBroad-market exchange-traded fund IWM and IVV were higher. Actively traded Invesco QQQ Trust (QQQ) edged up 1%.US equity indexes rose after midday Friday, with technology and consumer discretionary helping push the S&P 500 and Nasdaq Composite to record highs, while crude oil futures slumped.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each shed about 1.5%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) was up 1.4%; iShares US Technology ETF (IYW) rose 1.3%, and iShares Expanded Tech Sector ETF (IGM) gained 1.3%.The State Street SPDR S&P Semiconductor (XSD) climbed 1%, and iShares Semiconductor (SOXX) was up 0.5%.FinancialThe State Street Financial Select Sector SPDR (XLF) added 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) rose 0.2%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), lost 0.3%.CommoditiesCrude oil fell 2.6%, and the United States Oil Fund (USO) slipped 3.1%. Natural gas rose fractionally, and the United States Natural Gas Fund (UNG) added 0.3%.Gold on Comex added 0.4%, and the State Street SPDR Gold Shares (GLD) gained 0.5%. Silver rose 3%, and iShares Silver Trust (SLV) was up 3.1%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) fell 0.3%. The Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) also declined.The State Street Consumer Discretionary Select Sector SPDR (XLY) gained 0.6%. VanEck Retail ETF (RTH) dipped 0.1%, and the State Street SPDR S&P Retail (XRT) was down 0.7%.Health CareThe State Street Health Care Select Sector SPDR (XLV) fell 0.3%, iShares US Healthcare (IYH) shed 0.2%, and Vanguard Health Care ETF (VHT) was 0.2% lower. IShares Biotechnology ETF (IBB) dipped 1%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) fell 0.7%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were also lower.CryptocurrencyIn midday activity, bitcoin (BTC-USD) added 2.4%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) rose 2.7%, ProShares Ether ETF (EETH) gained 2.2%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 2.4% higher.