12:58 PM EDT, 07/31/2024 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded fund IWM and IVV were higher Wednesday. Actively traded Invesco QQQ Trust (QQQ) rose 2.7%.

US equity indexes jumped, all sectors gained and most government bond yields slumped in anticipation of September rate-cut clues in the Federal Reserve's July policy statement and after Microsoft ( MSFT ) pared overnight stock declines.

Energy

iShares US Energy ETF (IYE) rose 1.1% and Energy Select Sector SPDR (XLE) was 1% higher.

Technology

Technology Select Sector SPDR ETF (XLK) added 3.6%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were higher.

SPDR S&P Semiconductor (XSD) advanced 3.3% and iShares Semiconductor (SOXX) climbed 5.1%.

Financial

Financial Select Sector SPDR (XLF) rose 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) was up 1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) fell 1%.

Commodities

Crude was up 3.6%; United States Oil Fund (USO) rose 3.4%. Natural gas dipped 2.7% and the United States Natural Gas Fund (UNG) lost 2.6%.

Gold was up 0.7% based on Comex, and SPDR Gold Shares (GLD) was 0.8% higher. Silver gained 1.4% and iShares Silver Trust (SLV) added 1.6%.

Consumer

Consumer Staples Select Sector SPDR (XLP) rose 0.2%; Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) were higher.

Consumer Discretionary Select Sector SPDR (XLY) was up 1.7%; retail fund VanEck Vectors Retail ETF (RTH) and SPDR S&P Retail (XRT) were higher.

Health Care

Health Care Select Sector SPDR (XLV) edged up 0.1%; iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were higher. iShares NASDAQ Biotechnology ETF (IBB) gained 0.8%.

Industrial

Select Sector SPDR-Industrial (XLI) was up 1.5%. Vanguard Industrials (VIS) and iShares U.S. Industrials (IYJ) were higher.