Exchange-Traded Funds Drop as US Equities Fall After Midday

01:13 PM EDT, 10/16/2026 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded funds IWM and IVV were lower. Actively traded Invesco QQQ Trust (QQQ) eased 1.8%. US equity indexes fell after investors rotated out of technology for a second day, with semiconductor and software names leading the decliners among mega-caps. Energy IShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each added about 1.8%. Technology The State Street Technology Select Sector SPDR ETF (XLK) was down 2.2%; iShares US Technology ETF (IYW) fell 2.1%, and iShares Expanded Tech Sector ETF (IGM) was 2.6% lower. The State Street SPDR S&P Semiconductor (XSD) dipped 2.4%, and iShares Semiconductor (SOXX) fell 2.3%. Financial The State Street Financial Select Sector SPDR (XLF) added 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) climbed up 0.8%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 0.5%. Commodities Crude oil added 0.5%, and the United States Oil Fund (USO) gained 2.5%. Natural gas fell 3.1%, and the United States Natural Gas Fund (UNG) was down 3.3%. Gold on Comex rose 0.3%, and the State Street SPDR Gold Shares (GLD) was down 0.4%. Silver added 0.4%, and iShares Silver Trust (SLV) fell 0.5%. Consumer The State Street Consumer Staples Select Sector SPDR (XLP) was 0.8% higher, and the Vanguard Consumer Staples ETF (VDC) added 0.8%. The State Street Consumer Discretionary Select Sector SPDR (XLY) dipped 0.5%. VanEck Retail ETF (RTH) was up 0.3%, and the State Street SPDR S&P Retail (XRT) fell 0.5%. Healthcare The State Street Health Care Select Sector SPDR (XLV) lost 0.1%, while iShares US Healthcare (IYH) fell 0.2%, and Vanguard Health Care ETF (VHT) fell 0.5%. IShares Biotechnology ETF (IBB) was down 2.3%. Industrial The State Street Industrial Select Sector SPDR (XLI) fell fractionally. Vanguard Industrials Index Fund (VIS) was down 0.2%, and iShares US Industrials (IYJ) was flat. Cryptocurrency In midday activity, bitcoin (BTC-USD) dropped 1.2%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) shed 1.3%, and ProShares Ether ETF (EETH) slipped 0.5%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was up 0.8%.