01:12 PM EDT, 04/03/2025 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV were lower. Actively traded Invesco QQQ Trust (QQQ) fell 4.3%.

US equity indexes plunged, with the Dow Jones Industrial Average down more than 1,300 points and the Nasdaq Composite sinking by over 840 points amid concern that the Trump administration's tariff hike will spark a global trade war and slash economic growth.

Energy

iShares US Energy ETF (IYE) and Energy Select Sector SPDR (XLE) both dropped 6.7%.

Technology

Technology Select Sector SPDR ETF (XLK) shed 5.8%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) also fell.

SPDR S&P Semiconductor (XSD) was 10.9% lower, and iShares Semiconductor (SOXX) declined 9.3%.

Financial

Financial Select Sector SPDR (XLF) was down 3.7%. Direxion Daily Financial Bull 3X Shares (FAS) dropped 11.1%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ) climbed 11.3%.

Commodities

Crude oil fell past 7%, and the United States Oil Fund (USO) shed 7.2%. Natural gas rose 1.8%, and the United States Natural Gas Fund (UNG) was 2.5% up.

Gold dipped 1.1% on Comex, and SPDR Gold Shares (GLD) fell 0.7%. Silver lost 7.3%, and iShares Silver Trust (SLV) fell 5.6%.

Consumer

Consumer Staples Select Sector SPDR (XLP) was up 0.9%; Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) also advanced.

Consumer Discretionary Select Sector SPDR (XLY) was down 5%; retail fund VanEck Retail ETF (RTH) fell 2.5%, and SPDR S&P Retail (XRT) lost 7.2%.

Health Care

Health Care Select Sector SPDR (XLV) was 0.2% down, and iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were trending lower. IShares Biotechnology ETF (IBB) fell 1.8%.

Industrial

Industrial Select Sector SPDR (XLI) dropped 4%. Vanguard Industrials (VIS) and iShares US Industrials (IYJ) were in the red.