Broad-market exchange-traded funds IWM and IVV showed gains, while the actively traded Invesco QQQ Trust (QQQ) experienced a slight decline of 0.3%. US equity indexes displayed mixed results during midday trading on Monday as falling technology shares held back the Nasdaq Composite. In the energy sector, both iShares US Energy ETF (IYE) and Energy Select Sector SPDR (XLE) recorded an increase of 0.5%.
Conversely, the Technology Select Sector SPDR ETF (XLK) saw a drop of 0.8%, with iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) also declining. The semiconductor sector witnessed notable losses, with SPDR S&P Semiconductor (XSD) down 3.6% and iShares Semiconductor (SOXX) falling 3.2%.
The financial sector showed a positive trend as Financial Select Sector SPDR (XLF) climbed 1.8%. Moreover, Direxion Daily Financial Bull 3X Shares (FAS) surged by 5.3%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), fell 5.2%. In commodities, crude oil prices fell by 3%, and United States Oil Fund (USO) dropped by 3.2%.
Conversely, natural gas surged by 9.1%, and the United States Natural Gas Fund (UNG) soared by 9.6%. Gold prices dropped 2.8% on Comex, with SPDR Gold Shares (GLD) declining by 2.6%. Silver experienced a decrease of 2.5%, while iShares Silver Trust (SLV) lost 2.3%. In the consumer sector, Consumer Staples Select Sector SPDR (XLP) saw fractional gains, with Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) both rising.
The Consumer Discretionary Select Sector SPDR (XLY) climbed 1.7%; retail fund VanEck Vectors Retail ETF (RTH) gained 0.5%, while SPDR S&P Retail (XRT) added 1.6%. Health Care Select Sector SPDR (XLV) declined 0.1%, with iShares US Healthcare (IYH) also down by 0.1%, whereas Vanguard Health Care ETF (VHT) rose slightly.
IShares NASDAQ Biotechnology ETF (IBB) marked a gain of 0.1%. The industrial sector had a positive performance, with Select Sector SPDR-Industrial (XLI) rising 1%, and Vanguard Industrials (VIS) and iShares US Industrials (IYJ) both increasing..