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Exchange-Traded Funds Decline as US Equities Fall After Midday

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Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV were lower. Actively traded Invesco QQQ Trust (QQQ) lost 1.5%.

US equity indexes fell after the annual inflation rate jumped to the highest in three years and President Donald Trump's reported comment about Iran "we are going to be attacking them very hard" in the aftermath of the Apache downing.

Energy

IShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each gained about 2.5%.

Technology

The State Street Technology Select Sector SPDR ETF (XLK) eased 1.6%; iShares US Technology ETF (IYW) fell 1.6%, and iShares Expanded Tech Sector ETF (IGM) was down 1.5%.

The State Street SPDR S&P Semiconductor (XSD) fell 3.1%, and iShares Semiconductor (SOXX) shed 3%.

Financial

The State Street Financial Select Sector SPDR (XLF) rose 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) advanced 0.5%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 0.8%.

Commodities

Crude oil rose 3.2%, and the United States Oil Fund (USO) added 3.1%. Natural gas gained 1.9%, and the United States Natural Gas Fund (UNG) was up 1.7%.

Gold on Comex slipped 3.3%, and the State Street SPDR Gold Shares (GLD) fell 3.3%. Silver declined 0.4%, and iShares Silver Trust (SLV) was down 0.6%.

Consumer

The State Street Consumer Staples Select Sector SPDR (XLP) was up 1.4%. The Vanguard Consumer Staples ETF (VDC) added 1.5%, and iShares Dow Jones US Consumer Goods (IYK) rose 1.7%.

The State Street Consumer Discretionary Select Sector SPDR (XLY) dipped 1.6%. VanEck Retail ETF (RTH) fell fractionally, and the State Street SPDR S&P Retail (XRT) advanced 0.5%.

Healthcare

The State Street Health Care Select Sector SPDR (XLV) shed 0.7%, iShares US Healthcare (IYH) fell 0.8%, and Vanguard Health Care ETF (VHT) was down 0.6%. IShares Biotechnology ETF (IBB) dropped 1%.

Industrial

The State Street Industrial Select Sector SPDR (XLI) slipped 2.6%. Vanguard Industrials Index Fund (VIS) lost 2.6%, while iShares US Industrials (IYJ) fell 2.7%.

Cryptocurrency

In midday activity, bitcoin (BTC-USD) rose 0.9%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) rose 0.1%, ProShares Ether ETF (EETH) lost 0.5%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 0.5% higher.

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Exchange-Traded Funds Fall as US Equities Slump After Midday

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