Exchange-Traded Funds Edge Up, US Equities Mixed Amid Higher Treasury Yields
Broad Market Indicators
Broad-market exchange-traded funds, including IWM and IVV, were edging higher. Actively-traded Invesco QQQ Trust (QQQ) was down 0.1%.
US benchmark stock indexes were mixed but holding close to record highs while government bond yields rose after midday on Friday.
Energy
iShares US Energy ETF (IYE) rose 0.8% and Energy Select Sector SPDR (XLE) gained 0.8%.
Technology
Technology Select Sector SPDR ETF (XLK) was down 0.2%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were lower.
SPDR S&P Semiconductor (XSD) edged up 0.1% while iShares PHLX Semiconductor (SOXX) fell 0.4%.
Financial
Financial Select Sector SPDR (XLF) rose 0.4%. Direxion Daily Financial Bull 3X shares (FAS) was up 1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 1%.
Commodities
Crude was up 0.4%; United States Oil Fund (USO) rose 0.4%. Natural gas was up 3% and the United States Natural Gas Fund (UNG) increased 3.4%.
Gold was up 1.4% based on Comex, and SPDR Gold Shares (GLD) rose 1.3%. Silver was up 3.8% and iShares Silver Trust (SLV) increased 4%.
Consumer
Consumer Staples Select Sector SPDR (XLP) fell 0.4%; 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 lower.
Health Care
Health Care Select Sector SPDR (XLV) fell 0.1% and other funds iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were lower. Biotech ETF iShares NASDAQ Biotechnology ETF (IBB) was down 0.4%.
Industrial
Select Sector SPDR-Industrial (XLI) contracted 0.3% while other industrial funds iShares U.S. Industrials (IYJ), and Vanguard Industrials (VIS) were lower.