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Exchange-Traded Funds, US Equities Slump After Midday
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Exchange-Traded Funds, US Equities Slump After Midday
Feb 12, 2025 10:23 AM

01:07 PM EST, 02/12/2025 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV were lower. Actively traded Invesco QQQ Trust (QQQ) was up 0.1%.

US equity indexes fell as a stronger-than-expected inflation print sent government bond yields higher, lifting bets the Federal Reserve will extend its policy pause into March.

Energy

iShares US Energy ETF (IYE) and Energy Select Sector SPDR (XLE) both lost about 1.3% each.

Technology

Technology Select Sector SPDR ETF (XLK) eased 0.5%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) decreased.

SPDR S&P Semiconductor (XSD) fell 0.2%, and iShares Semiconductor (SOXX) was 0.6% lower.

Financial

Financial Select Sector SPDR (XLF) fell 0.5%. Direxion Daily Financial Bull 3X Shares (FAS) lost 1.7%, and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) rose 1.9%.

Commodities

Crude oil fell 2.2%, and the United States Oil Fund (USO) lost 2.1%. Natural gas was up 0.7%, and the United States Natural Gas Fund (UNG) advanced 0.7%.

Gold was fractionally lower on Comex, and SPDR Gold Shares (GLD) rose 0.2%. Silver added 1.5%, and iShares Silver Trust (SLV) climbed 1.5%.

Consumer

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

Consumer Discretionary Select Sector SPDR (XLY) was up 0.4%; retail fund VanEck Vectors Retail ETF (RTH) fell less than 0.1%, while SPDR S&P Retail (XRT) dropped 0.4%.

Health Care

Health Care Select Sector SPDR (XLV) was up 0.1%, and iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were mixed with the latter trending higher. IShares Biotechnology ETF (IBB) added 0.3%.

Industrial

Select Sector SPDR-Industrial (XLI) fell 0.4%, and Vanguard Industrials (VIS) and iShares US Industrials (IYJ) were in the red.

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