In the latest trading session, broad-market exchange-traded funds exhibited notable gains, with the iShares Russell 2000 ETF (IWM) and the iShares S&P 500 ETF (IVV) both showing positive momentum. The Invesco QQQ Trust (QQQ), which focuses on technology stocks, surged by 2.3%, reflecting a rebound in US equity indexes following a sharp selloff on Monday due to rising government bond yields and decreased volatility. Energy sector performance was marked by significant increases in key ETFs, including the iShares US Energy ETF (IYE), which rose by 1.2%, and the Energy Select Sector SPDR (XLE), which climbed 1.3%. The technology sector showed robust recovery, as indicated by a 3.2% rise in the Technology Select Sector SPDR ETF (XLK).
Other technology-focused ETFs, including the iShares US Technology ETF (IYW) and the iShares Expanded Tech Sector ETF (IGM), also reported gains. Additionally, the SPDR S&P Semiconductor ETF (XSD) experienced an increase of 1.9%, while the iShares Semiconductor ETF (SOXX) advanced by an impressive 3.1%, underscoring strong investor interest in semiconductor companies. In financial markets, the Financial Select Sector SPDR (XLF) was up by 2.5%.
The Direxion Daily Financial Bull 3X Shares (FAS) surged by 6%, indicating sustained bullish sentiment, while its bearish counterpart, the Direxion Daily Financial Bear 3X Shares (FAZ), dropped by 6.4%, aligning with a general market uptrend. Commodity markets also showed varied dynamics. Crude oil prices edged higher, gaining 0.9%, although the United States Oil Fund (USO) saw a slight dip of 0.4%.
Natural gas prices increased by 2.8%, which was reflected in the performance of the United States Natural Gas Fund (UNG), which rose by 2.6%. Meanwhile, gold prices fell by 0.7% on the Comex market, with the SPDR Gold Shares (GLD) down by 0.8%. Silver also faced a slight decline, down by 0.1%, while the iShares Silver Trust (SLV) saw a 0.6% drop. From a consumer perspective, the Consumer Staples Select Sector SPDR (XLP) increased by 1.6%, alongside the Vanguard Consumer Staples ETF (VDC) and the iShares Dow Jones US Consumer Goods ETF (IYK), which also recorded gains.
Conversely, the Consumer Discretionary Select Sector SPDR (XLY) rose by 2%, together with retail-focused funds like the VanEck Vectors Retail ETF (RTH) and SPDR S&P Retail ETF (XRT), reflecting strong consumer demand. In the health care sector, the Health Care Select Sector SPDR (XLV) saw a rise of 1.3%, with other ETFs such as iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) also advancing positively.
Noteworthy is the performance of the iShares NASDAQ Biotechnology ETF (IBB), which climbed by 1.2%, signaling investor confidence in biotechnology firms. Lastly, the industrial sector demonstrated strength, with the Select Sector SPDR - Industrial ETF (XLI) increasing by 2.1%. The Vanguard Industrials ETF (VIS) and iShares US Industrials ETF (IYJ) also reported solid gains, indicating a positive outlook for industrials amid the broader market recovery..