Exchange-Traded Funds Point Lower as US Equities Decline After Midday
Broad Market IndicatorsBroad-market exchange-traded funds IWM and IVV fell. Actively traded Invesco QQQ Trust (QQQ) eased 1.6%.US equity indexes fell after crude oil prices jumped with government bond yields amid reports that President Donald Trump will reinstate a blockade on Iranian ships transiting the Strait of Hormuz.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each added 2.5%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) fell 2.1%; iShares US Technology ETF (IYW) shed 1.7%, and iShares Expanded Tech Sector ETF (IGM) was down 1.8%.The State Street SPDR S&P Semiconductor (XSD) declined 4.9%, and iShares Semiconductor (SOXX) fell 4.7%.FinancialThe State Street Financial Select Sector SPDR (XLF) rose 0.4%. Direxion Daily Financial Bull 3X Shares (FAS) advanced 1.1%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 1.2%.CommoditiesCrude oil gained 5.3%, and the United States Oil Fund (USO) rose 5.2%. Natural gas lost 1.4%, and the United States Natural Gas Fund (UNG) was down 1.4%.Gold on Comex dipped 2.7%, and the State Street SPDR Gold Shares (GLD) eased 2.7%. Silver was down 3.7%, and iShares Silver Trust (SLV) was 3.6% lower.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) added 0.6%. The Vanguard Consumer Staples ETF (VDC) rose 0.4%, and iShares Dow Jones US Consumer Goods (IYK) was up 0.5%.The State Street Consumer Discretionary Select Sector SPDR (XLY) fell 0.9%. VanEck Retail ETF (RTH) added 0.5%, and the State Street SPDR S&P Retail (XRT) shed 0.3%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) rose 0.4%, iShares US Healthcare (IYH) added 0.2%, and Vanguard Health Care ETF (VHT) was up 0.1%. IShares Biotechnology ETF (IBB) was down 1.6%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) slipped 0.9%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were also lower.CryptocurrencyIn midday activity, bitcoin (BTC-USD) fell 2.9%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) declined 2.7%, ProShares Ether ETF (EETH) dipped 0.8%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 2.2% lower.


