Exchange-Traded Funds, US Equities Rise After Consumer Sentiment, Manufacturing Data — TradingView News
Broad Market Indicators
Broad-market exchange-traded funds, including IWM and IVV, were trading higher. Actively-traded Invesco QQQ Trust (QQQ) was up 1.1%.
US benchmark stock indexes rose while government bond yields fell after midday Friday following an unexpected downward revision in a consumer sentiment index and a surprise drop in a manufacturing gauge for February.
Energy
iShares US Energy ETF (IYE) rose 1.2% and Energy Select Sector SPDR (XLE) gained 1.1%.
Technology
Technology Select Sector SPDR ETF (XLK) was up 1.3%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were higher.
SPDR S&P Semiconductor (XSD) increased 3.5% while iShares PHLX Semiconductor (SOXX) grew 3.6%.
Financial
Financial Select Sector SPDR (XLF) contracted 0.1%. Direxion Daily Financial Bull 3X shares (FAS) was down 0.4% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 0.2%.
Commodities
Crude was up 2.1%; United States Oil Fund (USO) rose 2.2%. Natural gas was down 2% and the United States Natural Gas Fund (UNG) declined 1.2%.
Gold was up 1.9% based on Comex, and SPDR Gold Shares (GLD) gained 2%. Silver was up 2% and iShares Silver Trust (SLV) rose 2.1%.
Consumer
Consumer Staples Select Sector SPDR (XLP) was fractionally lower; Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) were lower.
Consumer Discretionary Select Sector SPDR (XLY) gained 0.3%; retail funds VanEck Vectors Retail ETF (RTH) and SPDR S&P Retail (XRT) were higher.
Health Care
Health Care Select Sector SPDR (XLV) rose 1% and other funds iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were higher. Biotech ETF iShares NASDAQ Biotechnology ETF (IBB) was up 2.5%.
Industrial
Select Sector SPDR-Industrial (XLI) edged up 0.2% while other industrial funds iShares U.S. Industrials (IYJ), and Vanguard Industrials (VIS) were higher.
