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Exchange-Traded Funds Lower as US Equities Drop After Midday
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Exchange-Traded Funds Lower as US Equities Drop After Midday
May 12, 2026 10:36 AM

01:16 PM EDT, 05/12/2026 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV fell. Actively traded Invesco QQQ Trust (QQQ) shed 2.2%.

US equity indexes fell after midday Tuesday after a hotter-than-expected inflation print for April hit technology and consumer discretionary shares.

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) fell 3.5%; iShares US Technology ETF (IYW) fell 3.1%, and iShares Expanded Tech Sector ETF (IGM) eased 3.4%.

The State Street SPDR S&P Semiconductor (XSD) declined 8.2%, and iShares Semiconductor (SOXX) was down 6.8%.

Financial

The State Street Financial Select Sector SPDR (XLF) rose 0.7%. Direxion Daily Financial Bull 3X Shares (FAS) rose 2%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 1.8%.

Commodities

Crude oil rose 3.9%, and the United States Oil Fund (USO) gained 3.7%. Natural gas lost 3.5%, and the United States Natural Gas Fund (UNG) slipped 3.7%.

Gold on Comex dipped 1.1% and the State Street SPDR Gold Shares (GLD) declined 1.3%. Silver fell 1.3%, and iShares Silver Trust (SLV) lost 2%.

Consumer

The State Street Consumer Staples Select Sector SPDR (XLP) rose 1.8%. The Vanguard Consumer Staples ETF (VDC) added 1.7%, and iShares Dow Jones US Consumer Goods (IYK) gained 1.8%.

The State Street Consumer Discretionary Select Sector SPDR (XLY) fell 1.5%. VanEck Retail ETF (RTH) rose 0.3%, and the State Street SPDR S&P Retail (XRT) fell 0.9%.

Health Care

The State Street Health Care Select Sector SPDR (XLV) added 2.4%, iShares US Healthcare (IYH) rose 2.3%, and Vanguard Health Care ETF (VHT) gained 2.1%. IShares Biotechnology ETF (IBB) was up 1.1%.

Industrial

The State Street Industrial Select Sector SPDR (XLI) fell 1.1%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were also lower.

Cryptocurrency

In midday activity, bitcoin (BTC-USD) fell 2.2%. Among cryptocurrency ETFs, ProShares Bitcoin ETF ( BITO ) shed 2.5%, ProShares Ether ETF ( EETH ) was down 3.3%, and ProShares Bitcoin & Ether Market Cap Weight ETF ( BETH ) was 1.5% lower.

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