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Exchange-Traded Funds, US Equities Decline After Midday Trading
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Exchange-Traded Funds, US Equities Decline After Midday Trading
Dec 17, 2024 10:47 AM

01:26 PM EST, 12/17/2024 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV fell. Actively traded Invesco QQQ Trust (QQQ) declined 0.3%.

US equity indexes fell Tuesday after retail sales grew more than forecast and as the Federal Open Market Committee kicked off its two-day policy meeting.

Energy

iShares US Energy ETF (IYE) and Energy Select Sector SPDR (XLE) both fell around 1.4%.

Technology

Technology Select Sector SPDR ETF (XLK) dipped 0.4%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were lower.

SPDR S&P Semiconductor (XSD) lost 1.7%, and iShares Semiconductor (SOXX) fell 1.1%.

Financial

Financial Select Sector SPDR (XLF) was down 0.7%. Direxion Daily Financial Bull 3X Shares (FAS) fell 2.2%, and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 2.4%.

Commodities

Crude oil was down 1.3%, and the United States Oil Fund (USO) dipped 1.1%. Natural gas slipped 2.9%, while the United States Natural Gas Fund (UNG) lost 2.2%.

Gold was down 0.4% on Comex, and SPDR Gold Shares (GLD) fell 0.3%. Silver dropped 0.5%, while iShares Silver Trust (SLV) dipped 0.1%.

Consumer

Consumer Staples Select Sector SPDR (XLP) fell 0.1%; Vanguard Consumer Staples ETF (VDC) lost 0.3% while iShares Dow Jones US Consumer Goods (IYK) was down 0.2%.

Consumer Discretionary Select Sector SPDR (XLY) was 0.2% higher; retail fund VanEck Vectors Retail ETF (RTH) and SPDR S&P Retail (XRT) were in the red.

Health Care

Health Care Select Sector SPDR (XLV) fell less than 0.1%, and iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were lower. IShares NASDAQ Biotechnology ETF (IBB) added 0.5%.

Industrial

Select Sector SPDR-Industrial (XLI) lost 0.7%, Vanguard Industrials (VIS) and iShares US Industrials (IYJ) were lower.

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