Exchange-Traded Funds Drop as US Equities Fall After Midday

MT newswire2026/10/16 17:13

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01:13 PM EDT, 10/16/2026 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded funds IWM and IVV were lower. Actively traded Invesco QQQ Trust (QQQ) eased 1.8%. US equity indexes fell after investors rotated out of technology for a second day, with semiconductor and software names leading the decliners among mega-caps. Energy IShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each added about 1.8%. Technology The State Street Technology Select Sector SPDR ETF (XLK) was down 2.2%; iShares US Technology ETF (IYW) fell 2.1%, and iShares Expanded Tech Sector ETF (IGM) was 2.6% lower. The State Street SPDR S&P Semiconductor (XSD) dipped 2.4%, and iShares Semiconductor (SOXX) fell 2.3%. Financial The State Street Financial Select Sector SPDR (XLF) added 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) climbed up 0.8%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 0.5%. Commodities Crude oil added 0.5%, and the United States Oil Fund (USO) gained 2.5%. Natural gas fell 3.1%, and the United States Natural Gas Fund (UNG) was down 3.3%. Gold on Comex rose 0.3%, and the State Street SPDR Gold Shares (GLD) was down 0.4%. Silver added 0.4%, and iShares Silver Trust (SLV) fell 0.5%. Consumer The State Street Consumer Staples Select Sector SPDR (XLP) was 0.8% higher, and the Vanguard Consumer Staples ETF (VDC) added 0.8%. The State Street Consumer Discretionary Select Sector SPDR (XLY) dipped 0.5%. VanEck Retail ETF (RTH) was up 0.3%, and the State Street SPDR S&P Retail (XRT) fell 0.5%. Healthcare The State Street Health Care Select Sector SPDR (XLV) lost 0.1%, while iShares US Healthcare (IYH) fell 0.2%, and Vanguard Health Care ETF (VHT) fell 0.5%. IShares Biotechnology ETF (IBB) was down 2.3%. Industrial The State Street Industrial Select Sector SPDR (XLI) fell fractionally. Vanguard Industrials Index Fund (VIS) was down 0.2%, and iShares US Industrials (IYJ) was flat. Cryptocurrency In midday activity, bitcoin (BTC-USD) dropped 1.2%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) shed 1.3%, and ProShares Ether ETF (EETH) slipped 0.5%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was up 0.8%.

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Data released this week show that the size of the US Strategic Petroleum Reserve is only about 13 million barrels less than its original scale when the reserve system was established. The US Department of Energy's recent call for companies to participate in crude oil exchange programs is part of the action following the March agreement among IEA member countries to release a total of 400 million barrels from their reserves this year. At that time, the US pledged to release 172 million barrels from its strategic reserves, but there has been limited participation from companies in the exchanges since then. Analysts believe that recent supply disruptions caused by hurricanes and other factors may prompt the US government to make further use of its reserves.

华尔街见闻•2026/10/16 18:22