Exchange-Traded Funds Decline as US Equities Fall After Midday

Broad Market Indicators Broad-market exchange-traded funds IWM and IVV fell. Actively traded Invesco QQQ Trust (QQQ) lost 1.4%. US equity indexes fell as chipmakers helped push technology sharply lower, while a missile strike on a Qatari tanker sent crude oil higher. Energy IShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) both added about 1.1%. Technology The State Street Technology Select Sector SPDR ETF (XLK) dropped 1.7%; iShares US Technology ETF (IYW) shed 1%, and iShares Expanded Tech Sector ETF (IGM) was down 1.3%. The State Street SPDR S&P Semiconductor (XSD) declined 5.5%, and iShares Semiconductor (SOXX) slipped 4.9%. Financial The State Street Financial Select Sector SPDR (XLF) fell fractionally. Direxion Daily Financial Bull 3X Shares (FAS) dropped 0.2%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), rose 0.4%. Commodities Crude oil rose 2.7%, and the United States Oil Fund (USO) added 2.4%. Natural gas gained 0.7%, and the United States Natural Gas Fund (UNG) was up 0.4%. Gold on Comex dipped 0.3%, and the State Street SPDR Gold Shares (GLD) fell 0.5%. Silver was down 1.7%, and iShares Silver Trust.