12:53 PM EDT, 08/01/2024 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded fund IWM and IVV were lower. Actively traded Invesco QQQ Trust (QQQ) fell 1.9%.

US equity indexes slumped with government bond yields as jobless claims hit the highest in a year while a manufacturing gauge surprisingly sank deeper into contractionary territory.

Energy

iShares US Energy ETF (IYE) and Energy Select Sector SPDR (XLE) were about 2.4% lower.

Technology

Technology Select Sector SPDR ETF (XLK) dipped 2.8%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were lower.

SPDR S&P Semiconductor (XSD) retreated 5.1% and iShares Semiconductor (SOXX) fell 5.9%.

Financial

Financial Select Sector SPDR (XLF) fell 1.3%. Direxion Daily Financial Bull 3X Shares (FAS) declined 4% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) rose 4.2%.

Commodities

Crude was down 1.1%; United States Oil Fund (USO) fell 1.7%. Natural gas rose 0.3% and the United States Natural Gas Fund (UNG) was 0.4% down.

Gold was up 0.8% based on Comex, and SPDR Gold Shares (GLD) was 0.2% lower. Silver lost 1.2% and iShares Silver Trust (SLV) fell 1.8%.

Consumer

Consumer Staples Select Sector SPDR (XLP) rose 0.4%; Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) were higher.

Consumer Discretionary Select Sector SPDR (XLY) was down 2.3%; retail fund VanEck Vectors Retail ETF (RTH) and SPDR S&P Retail (XRT) were lower.

Health Care

Health Care Select Sector SPDR (XLV) edged up 0.5%; iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were higher. iShares NASDAQ Biotechnology ETF (IBB) dropped 0.8%.

Industrial

Select Sector SPDR-Industrial (XLI) was down 2.2%. Vanguard Industrials (VIS) and iShares U.S. Industrials (IYJ) were lower.