12:56 PM EDT, 05/03/2024 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded funds, including IWM and IVV, were trading higher. Actively-traded Invesco QQQ Trust (QQQ) was up 2%.

US equity indexes rose, while government bond yields dropped after midday Friday as a steeper-than-expected decline in nonfarm payrolls raised bets on interest rate cuts.

Energy

iShares US Energy ETF (IYE) fell 0.2% and Energy Select Sector SPDR (XLE) slid 0.3%.

Technology

Technology Select Sector SPDR ETF (XLK) was up 3%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were higher.

SPDR S&P Semiconductor (XSD) rose 2.3% while iShares PHLX Semiconductor (SOXX) increased 2.2%.

Financial

Financial Select Sector SPDR (XLF) gained 0.3%. Direxion Daily Financial Bull 3X shares (FAS) was up 1.2% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 1%.

Commodities

Crude was down 0.7%; United States Oil Fund (USO) fell 0.8%. Natural gas was up 5.6% and the United States Natural Gas Fund (UNG) increased 6%.

Gold was down 0.1% based on Comex, and SPDR Gold Shares (GLD) fell 0.2%. Silver was down 0.4% and iShares Silver Trust (SLV) slid 0.7%.

Consumer

Consumer Staples Select Sector SPDR (XLP) was up less than 0.1%; Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) were lower.

Consumer Discretionary Select Sector SPDR (XLY) gained 0.7%; retail funds VanEck Vectors Retail ETF (RTH) and SPDR S&P Retail (XRT) were higher.

Health Care

Health Care Select Sector SPDR (XLV) rose 0.2% and other funds iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were higher. Biotech ETF iShares NASDAQ Biotechnology ETF (IBB) was up 1.7%.

Industrial

Select Sector SPDR-Industrial (XLI) gained 0.5% while other industrial funds iShares U.S. Industrials (IYJ), and Vanguard Industrials (VIS) were higher.