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Exchange-Traded Funds Decline as US Equities Fall After Midday

Exchange-Traded Funds Decline as US Equities Fall After Midday

MT newswireMT newswire2026/09/01 17:09
01:09 PM EDT, 09/01/2026 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded funds IWM and IVV were lower. Actively traded Invesco QQQ Trust (QQQ) eased 1.1%. US equity indexes declined amid rising crude oil prices and a surge in the benchmark government bond yield to the highest in about 18 months as Iran's geopolitics deteriorated. Energy IShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each added about 0.7%. Technology The State Street Technology Select Sector SPDR ETF (XLK) edged down 1.5%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were softer. The State Street SPDR S&P Semiconductor (XSD) slipped 2.7%, while iShares Semiconductor (SOXX) fell 2%. Financial The State Street Financial Select Sector SPDR (XLF) dipped 0.8%. Direxion Daily Financial Bull 3X Shares (FAS) declined 2.4%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), advanced 2.5%. Commodities Crude oil rose 4.2%, and the United States Oil Fund (USO) added 4.1%. Natural gas lost 1.1%, and the United States Natural Gas Fund (UNG) was down 1.2%. Gold on Comex slipped 1.8%, and the State Street SPDR Gold Shares (GLD) was down 2.2%. Silver fell 2.1%, and iShares Silver Trust (SLV) shed 2.2%. Consumer The State Street Consumer Staples Select Sector SPDR (XLP) added 0.5%. The Vanguard Consumer Staples ETF (VDC) gained 0.5%, and iShares Dow Jones US Consumer Goods (IYK) was up 0.6%. The State Street Consumer Discretionary Select Sector SPDR (XLY) eased 1.6%. VanEck Retail ETF (RTH) was down 0.3%, and the State Street SPDR S&P Retail (XRT) dipped 0.3%. Healthcare The State Street Health Care Select Sector SPDR (XLV) rose 0.4%. iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were also higher. IShares Biotechnology ETF (IBB) added 0.3%. Industrial The State Street Industrial Select Sector SPDR (XLI) fell 1.6%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were also in the red. Cryptocurrency In midday activity, bitcoin (BTC-USD) dropped 1.7%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) lost 1.7%, ProShares Ether ETF (EETH) was down 2%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) gained 1.9%.
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