12:56 PM EDT, 04/12/2024 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded funds, including IWM and IVV, were trading more than 1% lower. Actively traded Invesco QQQ Trust (QQQ) was down 1.7%.

US equity indexes and government bond yields fell in midday trading on Friday amid speculation that Iran will launch a strike against Israel and as mega-cap bank earnings underwhelmed.

Energy

iShares US Energy ETF (IYE) fell 0.6% and Energy Select Sector SPDR (XLE) edged down 0.6%.

Technology

Technology Select Sector SPDR ETF (XLK) was down 1.8%, and iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were also lower.

SPDR S&P Semiconductor (XSD) declined 3.3% while iShares PHLX Semiconductor (SOXX) dropped 3.1%.

Financial

Financial Select Sector SPDR (XLF) contracted 1.3%. Direxion Daily Financial Bull 3X shares (FAS) was down 4.3% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 4.2%.

Commodities

Crude was up 1.5%; United States Oil Fund (USO) rose 0.3%. Natural gas was down 0.2% and the United States Natural Gas Fund (UNG) fell 0.8%.

Gold was up 1.2% based on Comex, and SPDR Gold Shares (GLD) gained 0.5%. Silver was up 1.9% and iShares Silver Trust (SLV) rose 0.9%.

Consumer

Consumer Staples Select Sector SPDR (XLP) fell 0.9%; Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) were lower.

Consumer Discretionary Select Sector SPDR (XLY) slid 1.6%; retail funds VanEck Vectors Retail ETF (RTH) and SPDR S&P Retail (XRT) were lower.

Health Care

Health Care Select Sector SPDR (XLV) fell 1.5% and other funds iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were lower. Biotech ETF iShares NASDAQ Biotechnology ETF (IBB) was down 1.9%.

Industrial

Select Sector SPDR-Industrial (XLI) slid 1.1% while other industrial funds iShares U.S. Industrials (IYJ), and Vanguard Industrials (VIS) were lower.