12:51 PM EDT, 08/29/2024 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV were higher. Actively traded Invesco QQQ Trust (QQQ) rose 1.2%.

US equity indexes rose after a surprise increase in the estimate for Q2 economic growth and a decline in weekly jobless claims sent most government bond yields higher.

Energy

iShares US Energy ETF (IYE) and Energy Select Sector SPDR (XLE) both rose 1.3%.

Technology

Technology Select Sector SPDR ETF (XLK) added 0.9%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) gained.

SPDR S&P Semiconductor (XSD) was up 2.7%, and iShares Semiconductor (SOXX) was 2.1% higher.

Financial

Financial Select Sector SPDR (XLF) was up 1%. Direxion Daily Financial Bull 3X Shares (FAS) rose 2.8% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) fell 2.7%.

Commodities

Crude rose 2%; United States Oil Fund (USO) was up 1.4%. Natural gas rose 1.5% and the United States Natural Gas Fund (UNG) added 1.4%.

Gold was up 0.7% based on Comex, and SPDR Gold Shares (GLD) added 0.6%. Silver was 2.5% higher and iShares Silver Trust (SLV) was up 0.8%.

Consumer

Consumer Staples Select Sector SPDR (XLP) fell 0.4%; Vanguard Consumer Staples ETF (VDC) dropped and iShares Dow Jones US Consumer Goods (IYK) rose.

Consumer Discretionary Select Sector SPDR (XLY) was up 1.3%; retail fund VanEck Vectors Retail ETF (RTH) and SPDR S&P Retail (XRT) were little changed.

Health Care

Health Care Select Sector SPDR (XLV) was 0.6% higher; iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) clmbed. iShares NASDAQ Biotechnology ETF (IBB) rose 1.4%.

Industrial

Select Sector SPDR-Industrial (XLI) was 1.4% higher. Vanguard Industrials (VIS) and iShares US Industrials (IYJ) gained.