Exchange-Traded Funds Lower as US Equities Decline After Midday

MT Newswires Live
6 hours ago

Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV fell. Actively traded Invesco QQQ Trust (QQQ) was down 0.2%.

US equity indexes fell midday Monday, with communication services leading sectors.

Energy

iShares US Energy ETF (IYE) and the Energy Select Sector SPDR (XLE) each lost about 0.7%.

Technology

Technology Select Sector SPDR ETF (XLK) shed 1.2%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) also declined.

SPDR S&P Semiconductor (XSD) was down 1.6%, and iShares Semiconductor (SOXX) fell 1.1%.

Financial

The Financial Select Sector SPDR (XLF) slipped 0.9%. Direxion Daily Financial Bull 3X Shares (FAS) dropped 2.7%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), climbed 2.9%.

Commodities

Crude oil was 0.2% lower, and the United States Oil Fund (USO) added 0.3%. Natural gas slipped 2.9%, and the United States Natural Gas Fund (UNG) lost 1%.

Gold on Comex fell 0.5%, and SPDR Gold Shares (GLD) shed 0.3%. Silver fell 0.1%, and iShares Silver Trust (SLV) was up 0.4%.

Consumer

Consumer Staples Select Sector SPDR (XLP) dipped 0.1%. The Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) were also lower.

Consumer Discretionary Select Sector SPDR (XLY) shed 0.2%. VanEck Retail ETF (RTH) was up 0.3%, and SPDR S&P Retail (XRT) fell 0.4%.

Health Care

Health Care Select Sector SPDR (XLV) gained 0.8%, and iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were edging higher; iShares Biotechnology ETF (IBB) was up 1.4%.

Industrial

Industrial Select Sector SPDR (XLI) lost 0.3%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were also falling.

Cryptocurrency

In midday activity, bitcoin (BTC-USD) was down 1.8%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) slipped 1.4%, ProShares Ether ETF (EETH) fell 2.4%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) shed 1.8%.

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