Exchange-Traded Funds, US Equities Slip After Midday Friday
Broad-market exchange-traded funds IWM and IVV declined. Actively traded
US equity indexes fell after the Federal Reserve's preferred inflation measure grew more than forecast, exacerbating concerns related to price pressures building in the economy ahead of reciprocal tariffs to be announced next week.
Energy
iShares US Energy ETF (IYE) and Energy Select Sector SPDR (XLE) both fell 0.9%.
Technology
Technology Select Sector SPDR ETF (XLK) shed 2.5%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) also declined.
SPDR S&P Semiconductor (XSD) fell 4.6%, and iShares Semiconductor (SOXX) dipped 3.3%.
Financial
Financial Select Sector SPDR (XLF) was down 2.1%. Direxion Daily Financial Bull 3X Shares (FAS) fell 6.2%, and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 6.5%.
Commodities
Crude oil declined past 1%, and the United States Oil Fund (USO) fell 0.6%. Natural gas climbed 2.8%, and the United States Natural Gas Fund (UNG) was 2.9% higher.
Gold was up 0.9% on Comex, and SPDR Gold Shares (GLD) added 0.9%. Silver fell 0.6%, and iShares Silver Trust (SLV) dropped 1.1%.
Consumer
Consumer Staples Select Sector SPDR (XLP) was 0.2% lower; Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) dropped as well.
Consumer Discretionary Select Sector SPDR (XLY) was down 3%; retail fund VanEck Retail ETF (RTH) lost 2.1%, and SPDR S&P Retail (XRT) dipped 2.6%.
Health Care
Health Care Select Sector SPDR (XLV) was 0.1% down and iShares
Industrial
Industrial Select Sector SPDR (XLI) shed 2%. Vanguard Industrials (VIS) and iShares US Industrials (IYJ) declined.
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