12:59 PM EDT, 08/02/2024 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded fund IWM and IVV were sharply lower. Actively traded Invesco QQQ Trust (QQQ) fell 2.2%.

US equity indexes plunged midday as a substantial miss in July's nonfarm payrolls sent government bond yields into a steep decline, while disappointing quarterly results from Intel ( INTC ) also hit the technology sector.

Energy

iShares US Energy ETF (IYE) and Energy Select Sector SPDR (XLE) were about 2.9% lower.

Technology

Technology Select Sector SPDR ETF (XLK) dipped 2.7%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were lower.

SPDR S&P Semiconductor (XSD) retreated 4.8% and iShares Semiconductor (SOXX) fell 4.7%.

Financial

Financial Select Sector SPDR (XLF) fell 2.3%. Direxion Daily Financial Bull 3X Shares (FAS) declined 7.1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) rose 7.3%.

Commodities

Crude was down 3.4%; United States Oil Fund (USO) fell 4.5%. Natural gas dipped 0.9% and the United States Natural Gas Fund (UNG) was 1.6% down.

Gold was down 0.2% based on Comex, and SPDR Gold Shares (GLD) was 0.3% lower. Silver lost 0.1% and iShares Silver Trust (SLV) fell 0.4%.

Consumer

Consumer Staples Select Sector SPDR (XLP) rose 0.1%; Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) were higher.

Consumer Discretionary Select Sector SPDR (XLY) was down 3.7%; retail fund VanEck Vectors Retail ETF (RTH) and SPDR S&P Retail (XRT) were lower.

Health Care

Health Care Select Sector SPDR (XLV) edged down 0.7%; iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were lower. iShares NASDAQ Biotechnology ETF (IBB) dropped 2.1%.

Industrial

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