Friday's ETF Movers: FBT, XOP

In trading on Friday, the First Trust NYSE Arca Biotechnology Index Fund ETF (FBT) is outperforming other ETFs, up about 2.9% on the day. Components of that ETF showing particular strength include shares of Biomarin Pharma (BMRN), up about 13% and shares of Novavax (NVAX), up about 8.3% on the day.