Exchange-Traded Funds Lower, US Equities Mixed After Midday Trading

Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV were lower. Actively traded Invesco QQQ Trust (QQQ) was 0.2% higher.

US equity indexes traded mixed after midday on Wednesday as the probability of a supersized rate cut this month slumped following the release of the August inflation data.

Energy

iShares US Energy ETF (IYE) and Energy Select Sector SPDR (XLE) each lost around 1.1%.

Technology

Technology Select Sector SPDR ETF (XLK) gained 1%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were higher.

SPDR S&P Semiconductor (XSD) was up 1.5%, and iShares Semiconductor (SOXX) was 1.4% higher.

Financial

Financial Select Sector SPDR (XLF) fell 1.4%. Direxion Daily Financial Bull 3X Shares (FAS) was 4.2% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) rose 4.2%.

Commodities

Crude was up 1.9%; United States Oil Fund (USO) rose 1.2%. Natural gas rose 2.9%, and the United States Natural Gas Fund (UNG) added 2.3%.

Gold edged up 0.1% on Comex, and SPDR Gold Shares (GLD) eased 0.1%. Silver was 1.2% higher, and iShares Silver Trust (SLV) rose 0.7%.

Consumer

Consumer Staples Select Sector SPDR (XLP) was 1.4% lower; Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) were declining.

Consumer Discretionary Select Sector SPDR (XLY) lost 0.9%; retail fund VanEck Vectors Retail ETF (RTH) and SPDR S&P Retail (XRT) were lower.

Health Care

Health Care Select Sector SPDR (XLV) was down 0.9%; iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were lower. iShares NASDAQ Biotechnology ETF (IBB) dipped 0.1%.

Industrial

Select Sector SPDR-Industrial (XLI) was down 1.1%. Vanguard Industrials (VIS) and iShares US Industrials (IYJ) were weaker.