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Exchange-Traded Funds Lower as US Equities Decline After Midday
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Exchange-Traded Funds Lower as US Equities Decline After Midday
Jul 23, 2026 10:37 AM

01:18 PM EDT, 07/23/2026 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV fell. Actively traded Invesco QQQ Trust (QQQ) eased 0.2%.

US equity indexes dropped as government bond yields jumped with crude oil after Iran-aligned Houthis attacked Saudi Arabian tankers in the Red Sea and shares of mega-caps Alphabet (GOOG, GOOGL) and Tesla (TSLA) sank.

Energy

IShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each added about 0.9%.

Technology

The State Street Technology Select Sector SPDR ETF (XLK) fell 1%; iShares US Technology ETF (IYW) shed 1.9%, and iShares Expanded Tech Sector ETF (IGM) was down 1.6%.

The State Street SPDR S&P Semiconductor (XSD) slipped 1.5%, and iShares Semiconductor (SOXX) fell 1.2%.

Financial

The State Street Financial Select Sector SPDR (XLF) shed 0.5%. Direxion Daily Financial Bull 3X Shares (FAS) declined 2%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), advanced 1.9%.

Commodities

Crude oil rose 6.4%, and the United States Oil Fund (USO) added 6.9%. Natural gas gained 0.01%, and the United States Natural Gas Fund (UNG) was up 0.3%.

Gold on Comex fell 2.4%, and the State Street SPDR Gold Shares (GLD) lost 2%. Silver was down 3.8%, and iShares Silver Trust (SLV) eased 3.1%.

Consumer

The State Street Consumer Staples Select Sector SPDR (XLP) fell 1.6%. The Vanguard Consumer Staples ETF (VDC) dropped 1.7%, and iShares Dow Jones US Consumer Goods (IYK) was down 1.3%.

The State Street Consumer Discretionary Select Sector SPDR (XLY) slipped 4.4%. VanEck Retail ETF (RTH) lost 1.8%, and the State Street SPDR S&P Retail (XRT) was down 3%.

Healthcare

The State Street Health Care Select Sector SPDR (XLV) rose 0.9% and iShares US Healthcare (IYH) added 0.9%, and Vanguard Health Care ETF (VHT) gained 0.8%. IShares Biotechnology ETF (IBB) was up 1.1%.

Industrial

The State Street Industrial Select Sector SPDR (XLI) added 1.7%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were higher as well.

Cryptocurrency

In midday activity, bitcoin (BTC-USD) dipped 1.9%. Among cryptocurrency ETFs, ProShares Bitcoin ETF ( BITO ) fell 2%, ProShares Ether ETF ( EETH ) was down 2.1%, and ProShares Bitcoin & Ether Market Cap Weight ETF ( BETH ) was 1.3% lower.

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