12:54 PM EDT, 07/24/2024 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded fund IWM and IVV were lower. Actively traded Invesco QQQ Trust (QQQ) fell nearly 3%.

US equity indexes slumped, with the Nasdaq Composite down over 500 points, as disappointing quarterly results from heavyweights Tesla (TSLA) and Alphabet (GOOG, GOOGL) weighed on investors' risk sentiment.

Energy

iShares US Energy ETF (IYE) and Energy Select Sector SPDR (XLE) were roughly 0.5% higher each.

Technology

Technology Select Sector SPDR ETF (XLK) dipped 3.3%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were lower.

SPDR S&P Semiconductor (XSD) lost 3% and iShares Semiconductor (SOXX) was down 3.8%.

Financial

Financial Select Sector SPDR (XLF) fell 0.5%. Direxion Daily Financial Bull 3X Shares (FAS) lost 1.4% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) rose 1.2%.

Commodities

Crude was up 1.2%; United States Oil Fund (USO) climbed 1%. Natural gas dropped 1.3% and the United States Natural Gas Fund (UNG) was down 2.9%.

Gold was up 0.6% based on Comex, and SPDR Gold Shares (GLD) was 0.6% higher. Silver added 0.2% and iShares Silver Trust (SLV) fell less than 0.1%.

Consumer

Consumer Staples Select Sector SPDR (XLP) eased 0.2%; Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) were declining.

Consumer Discretionary Select Sector SPDR (XLY) fell 3.2%; 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 0.7%; iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were higher. iShares NASDAQ Biotechnology ETF (IBB) gained 0.9%.

Industrial

Select Sector SPDR-Industrial (XLI) was down 1.2%. Vanguard Industrials (VIS) fell 1.1% and iShares U.S. Industrials (IYJ) dropped 1.2%.