12:57 PM EST, 03/05/2024 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded funds, including IWM and IVV, were trading lower. Actively traded Invesco QQQ Trust (QQQ) fell 1.7%.

US benchmark stock indexes dropped with government bond yields after midday on Tuesday after the Institute for Supply Management's services index fell more than forecast.

Energy

iShares US Energy ETF (IYE) and Energy Select Sector SPDR (XLE) both increased 1.2%.

Technology

Technology Select Sector SPDR ETF (XLK) fell 2.3%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) were lower.

SPDR S&P Semiconductor (XSD) declined 1.7% while iShares PHLX Semiconductor (SOXX) fell 1.9%.

Financial

Financial Select Sector SPDR (XLF) gained 0.2%. Direxion Daily Financial Bull 3X shares (FAS) rose 1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) declined 0.9%.

Commodities

Crude fell 0.4%; United States Oil Fund (USO) dropped 0.5%. Natural gas rose 0.1% and the United States Natural Gas Fund (UNG) slid 0.9%.

Gold was up 0.5% based on Comex, and SPDR Gold Shares (GLD) rose 0.6%. Silver gained 0.1%, and iShares Silver Trust (SLV) slid 0.6%.

Consumer

Consumer Staples Select Sector SPDR (XLP) gained 0.4%; Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) were mixed, with the latter trading lower.

Consumer Discretionary Select Sector SPDR (XLY) fell 1%; retail funds VanEck Vectors Retail ETF (RTH) and SPDR S&P Retail (XRT) climbed.

Health Care

Health Care Select Sector SPDR (XLV) fell 0.7%, while iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) declined. Biotech ETF iShares NASDAQ Biotechnology ETF (IBB) dropped 0.8%.

Industrial

Select Sector SPDR-Industrial (XLI) fell 0.4% while iShares U.S. Industrials (IYJ), and Vanguard Industrials (VIS) declined.