Exchange-Traded Funds Decline, US Equities Drop After Midday

BY MT Newswires | TREASURY | 01:50 PM EDT

01:50 PM EDT, 05/19/2026 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV fell. Actively traded Invesco QQQ Trust (QQQ) shed 0.1%.

US equity indexes fell in midday trading on Tuesday after the 30-year Treasury yield traded at its highest level in just under two decades and as the Iran standoff continued.

Energy

IShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each rose about 0.8%.

Technology

The State Street Technology Select Sector SPDR ETF (XLK) added 0.3%; iShares US Technology ETF (IYW) advanced 0.1%, and iShares Expanded Tech Sector ETF (IGM) increased less than 0.1%.

The State Street SPDR S&P Semiconductor (XSD) rose 2%, and iShares Semiconductor (SOXX) was up 1.7%.

Financial

The State Street Financial Select Sector SPDR (XLF) slipped 0.4%. Direxion Daily Financial Bull 3X Shares (FAS) declined 1.3%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), climbed 1.3%.

Commodities

Crude oil fell less than 0.1%, and the United States Oil Fund (USO) added 1.7%. Natural gas gained 2.8%, and the United States Natural Gas Fund (UNG) was up 2.7%.

Gold on Comex eased 1%, and the State Street SPDR Gold Shares (GLD) fell 1.1%. Silver dropped 2.8%, and iShares Silver Trust (SLV) lost 3.5%.

Consumer

The State Street Consumer Staples Select Sector SPDR (XLP) added 0.1%. The Vanguard Consumer Staples ETF (VDC) gained 0.3%, and iShares Dow Jones US Consumer Goods (IYK) was down 0.1%.

The State Street Consumer Discretionary Select Sector SPDR (XLY) dipped 1.3%. VanEck Retail ETF (RTH) fell 0.4%, and the State Street SPDR S&P Retail (XRT) added 0.4%.

Healthcare

The State Street Health Care Select Sector SPDR (XLV) was up 1.2%, iShares US Healthcare (IYH) added 1%, and Vanguard Health Care ETF (VHT) rose 0.9%. IShares Biotechnology ETF (IBB) gained 0.5%.

Industrial

The State Street Industrial Select Sector SPDR (XLI) fell 0.5%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were also lower.

Cryptocurrency

In midday activity, bitcoin (BTC-USD) shed 0.1%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) shed less than 0.1%, ProShares Ether ETF (EETH) was down 0.3%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 0.8% lower.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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