12:58 PM EDT, 08/23/2024 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV were higher. Actively traded Invesco QQQ Trust (QQQ) rose 0.2%.

US equity indexes rose, with real estate topping the sector charts, after Federal Reserve Chair Jerome Powell said "time has come" to adjust monetary policy and expressed confidence inflation is moving toward the central bank's 2% goal.

Energy

iShares US Energy ETF (IYE) and Energy Select Sector SPDR (XLE) rose about 1%.

Technology

Technology Select Sector SPDR ETF (XLK) added 0.7%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were rising.

SPDR S&P Semiconductor (XSD) was up 2.2%, and iShares Semiconductor (SOXX) was 1.7% higher.

Financial

Financial Select Sector SPDR (XLF) was up 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) rose 0.5% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) fell 0.5%.

Commodities

Crude rose 2.3%; United States Oil Fund (USO) was up 2.6%. Natural gas fell 1% and the United States Natural Gas Fund (UNG) retreated 1.5%.

Gold was up 1.1% based on Comex, and SPDR Gold Shares (GLD) rose 1.1%. Silver was 2.3% higher and iShares Silver Trust (SLV) added 2.6%.

Consumer

Consumer Staples Select Sector SPDR (XLP) lost 0.3%; Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) were lower.

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

Health Care

Health Care Select Sector SPDR (XLV) was 0.1% higher; iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were rising. iShares NASDAQ Biotechnology ETF (IBB) climbed 1.3%.

Industrial

Select Sector SPDR-Industrial (XLI) was up 0.5%. Vanguard Industrials (VIS) and iShares US Industrials (IYJ) were higher.