Exchange-Traded Funds Fall as US Equities Edge Lower After Midday

Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV pointed lower. Actively traded Invesco QQQ Trust (QQQ) shed 0.3%.

US equity indexes declined while most government yields also retreated in midday trading on Monday.

Energy

iShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each slipped 1.4%.

Technology

The State Street Technology Select Sector SPDR ETF (XLK) fell 0.5%; iShares US Technology ETF (IYW) was down 0.4%, while iShares Expanded Tech Sector ETF (IGM) dipped 0.9%.

The State Street SPDR S&P Semiconductor (XSD) was 0.7% lower, and iShares Semiconductor (SOXX) fractionally lower.

Financial

The State Street Financial Select Sector SPDR (XLF) was little changed. Direxion Daily Financial Bull 3X Shares (FAS) added 0.1%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), shed 0.1%.

Commodities

Crude oil was 1.3% lower, and the United States Oil Fund (USO) dropped 1.4%. Natural gas fell 1.3%, and the United States Natural Gas Fund (UNG) declined 1.2%.

Gold on Comex added 0.1%, and the State Street SPDR Gold Shares (GLD) rose less than 0.1%. Silver gained 2.6%, and iShares Silver Trust (SLV) was up 2.5%.

Consumer

The State Street Consumer Staples Select Sector SPDR (XLP) lost 0.1%. The Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) were mixed, with the latter rising 0.6%.

The State Street Consumer Discretionary Select Sector SPDR (XLY) added 0.8%. VanEck Retail ETF (RTH) lost 0.2%, and the State Street SPDR S&P Retail (XRT) rose 0.3%.

Health Care

The State Street Health Care Select Sector SPDR (XLV) was up 0.3%, and iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) also edged higher; iShares Biotechnology ETF (IBB) dipped 0.1%.

Industrial

The State Street Industrial Select Sector SPDR (XLI) was 0.2% higher. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were in the red.

Cryptocurrency

In midday activity, bitcoin (BTC-USD) was down 3.4%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) shed 5%, ProShares Ether ETF (EETH) dropped 4.7%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) lost 5%.