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Exchange-Traded Funds Fall as US Equities Slump 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) declined 3.6%.

US equity indexes slumped after midday on Tuesday amid a sharp sell-off in technology, led by semiconductors.

Energy

IShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each shed about 1.7%.

Technology

The State Street Technology Select Sector SPDR ETF (XLK) dropped 5.5%; iShares US Technology ETF (IYW) fell 5%, and iShares Expanded Tech Sector ETF (IGM) was down 5.1%.

The State Street SPDR S&P Semiconductor (XSD) declined 7.8%, and iShares Semiconductor (SOXX) slipped 6.5%.

Financial

The State Street Financial Select Sector SPDR (XLF) rose 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) added 0.6%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), fell 0.7%.

Commodities

Crude oil fell 3.5%, and the United States Oil Fund (USO) lost 2.9%. Natural gas rose 0.2%, and the United States Natural Gas Fund (UNG) added 0.8%.

Gold on Comex dipped 2.1%, and the State Street SPDR Gold Shares (GLD) lost 1.9%. Silver declined 5.5%, and iShares Silver Trust (SLV) was down 5.4%.

Consumer

The State Street Consumer Staples Select Sector SPDR (XLP) was up 1.6%. The Vanguard Consumer Staples ETF (VDC) rose 1.4%, and iShares Dow Jones US Consumer Goods (IYK) added 1.7%.

The State Street Consumer Discretionary Select Sector SPDR (XLY) slipped 0.7%. VanEck Retail ETF (RTH) rose 0.4%, and the State Street SPDR S&P Retail (XRT) gained 0.4%.

Healthcare

The State Street Health Care Select Sector SPDR (XLV) added 0.9%, iShares US Healthcare (IYH) gained 0.9%, and Vanguard Health Care ETF (VHT) was up 0.8%. IShares Biotechnology ETF (IBB) eased 0.2%.

Industrial

The State Street Industrial Select Sector SPDR (XLI) fell 0.7%. Vanguard Industrials Index Fund (VIS) lost 1%, while iShares US Industrials (IYJ) was 0.5% lower.

Cryptocurrency

In midday activity, bitcoin (BTC-USD) dropped 3.3%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) fell 3.3%, ProShares Ether ETF (EETH) lost 3.5%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 3.4% lower.

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US Equity Indexes Mixed Amid Big-Tech Gains as Iran, Israel Halt Strikes After Trump Calls for Ceasefire

US equity indexes were mixed as technology led sector charts, while President Donald Trump's diplomatic efforts to engineer a halt in strikes between Iran and Israel led to a retreat in crude oil prices from intraday highs.The Nasdaq Composite jumped 0.9% to 25,929.66, with the S&P 500 up 0.3% to 7,405.73, but the Dow Jones Industrial Average slipped 0.2% to 50,786.01 on Monday.All but three sectors fell at the close. Utilities, real estate, and materials led the decliners.Alphabet's (GOOG, GOOGL) Google and Nvidia (NVDA) have turned to Intel (INTC) as their backup manufacturer of advanced processors, as Taiwan Semiconductor Manufacturing (TSM) struggles to meet demand, The Information reported Monday, citing four people with direct knowledge of discussions. Intel jumped 11%, one of the top gainers in the S&P 500 and the Nasdaq.Cantor Fitzgerald adjusted its price target for Micron Technology (MU) to $1,500 from $700 while maintaining its overweight rating. Wells Fargo tuned its price objective for Micron to $1,220 from $550 and kept its overweight rating. Shares of Micron were up 9.9%, making it one of the biggest outperformers in the S&P 500 and the Nasdaq.Israel and Iran are "looking to do an immediate CEASEFIRE," CNN cited President Donald Trump as saying, after an overnight exchange of strikes between the two warring countries risked the fragile April truce brokered by the US."Final negotiations on 'Peace' are proceeding, subject to ignorance or stupidity getting in its way," Trump said on Truth Social. "The Blockade will remain in place, and in full force and effect, until a 'Final Deal' is reached. Things should move quickly."Israel has halted attacks on Iran, Israeli Prime Minister Benjamin Netanyahu said, stopping short of acknowledging a ceasefire, CNN reported. Iran has also suspended its operations against Israel, but warned it would resume if strikes in southern Lebanon continue, the news report added.A situation of "no deal, no war" between the US and Iran may not be able to last indefinitely, Thierry Wizman, a global foreign-exchange and rates strategist at Macquarie, said in a note."If a US-Iran deal is not reached - presumably via concessions made by both sides - then the prospect is that a new round of large-scale kinetic warfare will resume," Wizman said in the note. "According to most estimates, operational depletion [for inventories] could be reached in H2."West Texas Intermediate crude oil futures rose 0.8% to $91.25, and Brent crude futures climbed 1.2% to $94.16. Earlier in the session, crude oil futures were up more than 4% each amid reports of an overnight escalation between Iran and Israel.Most US Treasury yields rose, with the 10-year up 2.8 basis points to 4.56% while the two-year leaned slightly higher to 4.17%.In precious metals, gold futures fell 0.3% to $4,351.50, while silver futures declined 1.3% to $68.24.

$^DJI$^IXIC$^SPX$GOOG$GOOGL$INTC$MU$NVDA$TSM
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US Equity Indexes Mixed as Trump's Call to Halt Iran-Israel Strikes Yields Results, Ceasefire Remains at Risk

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$^DJI$^IXIC$^SPX$GOOG$GOOGL$INTC$MU$NVDA$TSM
Asia Markets

Exchange-Traded Funds Rise as US Equities Advance After Midday

Broad Market IndicatorsBroad-market exchange-traded funds IWM and IVV were higher. Actively traded Invesco QQQ Trust (QQQ) added 2%.US equity indexes rose, with technology and energy leading the gainers, as President Donald Trump's efforts to keep the Iran ceasefire intact produced some results.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each gained about 1.1%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) added 2.9%; iShares US Technology ETF (IYW) rose 2.3%, and iShares Expanded Tech Sector ETF (IGM) was up 2.3%.The State Street SPDR S&P Semiconductor (XSD) climbed up 5.4%, and iShares Semiconductor (SOXX) added 6.6%.FinancialThe State Street Financial Select Sector SPDR (XLF) slipped 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) declined 0.5%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), advanced 0.7%.CommoditiesCrude oil rose 0.9%, and the United States Oil Fund (USO) added 1.7%. Natural gas dipped 3.1%, and the United States Natural Gas Fund (UNG) shed 2.7%.Gold on Comex rose fractionally, and the State Street SPDR Gold Shares (GLD) added 0.7%. Silver declined 0.5%, and iShares Silver Trust (SLV) was up 0.9%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) was down 0.4%. The Vanguard Consumer Staples ETF (VDC) fell 0.1%, and iShares Dow Jones US Consumer Goods (IYK) shed 0.7%.The State Street Consumer Discretionary Select Sector SPDR (XLY) rose 0.7%. VanEck Retail ETF (RTH) fell fractionally, and the State Street SPDR S&P Retail (XRT) advanced 1.8%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) shed 0.2%, iShares US Healthcare (IYH) fell 0.2%, and Vanguard Health Care ETF (VHT) was down 0.2%. IShares Biotechnology ETF (IBB) dropped 0.9%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) slipped 0.1%. Vanguard Industrials Index Fund (VIS) added 0.1%, while iShares US Industrials (IYJ) fell 0.1%.CryptocurrencyIn midday activity, bitcoin (BTC-USD) rose 2.6%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) climbed up 5.1%, ProShares Ether ETF (EETH) advanced 7.3%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 5.8% higher.

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