Exchange-Traded Funds Drop as US Equities Fall After Midday
MT newswire2026/10/08 17:1401:14 PM EDT, 10/08/2026 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded funds IWM and IVV were lower. Actively traded Invesco QQQ Trust (QQQ) eased 1%. US equity indexes fell amid concerns that surging crude oil prices and higher government bond yields risk undermining consumer and corporate investment. Energy IShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each added about 2.4%. Technology The State Street Technology Select Sector SPDR ETF (XLK) was down 1.3%; iShares US Technology ETF (IYW) fell 1.1%, and iShares Expanded Tech Sector ETF (IGM) was 1.4% lower. The State Street SPDR S&P Semiconductor (XSD) dipped 3.2%, and iShares Semiconductor (SOXX) fell 2.5%. Financial The State Street Financial Select Sector SPDR (XLF) added 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) climbed up 1%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 0.8%. Commodities Crude oil rose 3.1%, and the United States Oil Fund (USO) added 2.3%. Natural gas slipped 2.6%, and the United States Natural Gas Fund (UNG) was down 2.1%. Gold on Comex rose 0.1%, and the State Street SPDR Gold Shares (GLD) was up 0.5%. Silver fell 1.9%, and iShares Silver Trust (SLV) lost 1.3%. Consumer The State Street Consumer Staples Select Sector SPDR (XLP) was 2% higher, and the Vanguard Consumer Staples ETF (VDC) rose 1.9%. The State Street Consumer Discretionary Select Sector SPDR (XLY) rose 0.1%. VanEck Retail ETF (RTH) was up 0.7%, and the State Street SPDR S&P Retail (XRT) was 1% higher. Healthcare The State Street Health Care Select Sector SPDR (XLV) lost 1.2%, while iShares US Healthcare (IYH) fell 1.4%, and Vanguard Health Care ETF (VHT) was down 1.3%. IShares Biotechnology ETF (IBB) was down 2.2%. Industrial The State Street Industrial Select Sector SPDR (XLI) dipped 0.4%. Vanguard Industrials Index Fund (VIS) fell 0.4%, and iShares US Industrials (IYJ) eased 0.1%. Cryptocurrency In midday activity, bitcoin (BTC-USD) shed 2.9%. Among cryptocurrency E
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Retail investors bet on AI infrastructure rebound, shares of South Korean cloud operator Elice rise above IPO price in two days
After plummeting 32% on its first trading day, South Korean cloud service provider Elice rebounded strongly for two consecutive days, surging as much as 25% and reclaiming its IPO price for the first time. Retail investors actively bottom-fished driven by the limit-up effect, while institutional investors questioned its financing resilience and execution capabilities. Whether the AI infrastructure sector is a value hotspot or a capital trap has become an intensifying point of contention in the market.
Japanese stocks closed down 2.65%
AI trading concerns reignite: global bond markets see renewed safe-haven buying, funds flow back into U.S. Treasuries
Weakness in the stock market has triggered safe-haven buying, driving gains in US Treasuries, the Japanese yen, and the Swiss franc. Yields on US Treasuries have declined across the board, with the 30-year yield reaching its lowest level since late September.
Unafraid of the electric vehicle downturn: General Motors (GM.US) makes a bold bet on lithium-manganese-based batteries, wagering on the next generation of affordable electric vehicles
General Motors (GM.US) remains undeterred by the electric vehicle market downturn in recent years and is moving forward with a brand new EV project, aiming to launch a new battery-powered mainstream SUV in approximately three years.
Crypto prices
More
