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Exchange-Traded Funds, US Equities Plunge After Midday Friday
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Exchange-Traded Funds, US Equities Plunge After Midday Friday
Apr 4, 2025 10:26 AM

01:08 PM EDT, 04/04/2025 (MT Newswires) -- Broad Market Indicators

Broad-market exchange-traded funds IWM and IVV slumped. Actively traded Invesco QQQ Trust (QQQ) fell 4.8%.

US equity indexes plummeted with the Dow plunging more than 1,700 points in midday trading Friday after China retaliated against the Trump administration's punitive import levies.

Energy

IShares US Energy ETF (IYE) and Energy Select Sector SPDR (XLE) both dropped more than 7%.

Technology

Technology Select Sector SPDR ETF (XLK) shed 5.6%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) also fell.

SPDR S&P Semiconductor (XSD) slumped 7.8%, and iShares Semiconductor (SOXX) declined 7.1%.

Financial

Financial Select Sector SPDR (XLF) fell 6.1%. Direxion Daily Financial Bull 3X Shares (FAS) dropped 18%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ) climbed 18%.

Commodities

Crude oil fell 7.5%, and the United States Oil Fund (USO) shed 7.2%. Natural gas declined 6.8%, and the United States Natural Gas Fund (UNG) was 6.7% down.

Gold dipped 2.2% on Comex, and SPDR Gold Shares (GLD) fell 2.4%. Silver lost 6.9%, and iShares Silver Trust (SLV) fell 6.6%.

Consumer

Consumer Staples Select Sector SPDR (XLP) fell 2.9%; Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) also dropped.

Consumer Discretionary Select Sector SPDR (XLY) declined 3.2%; VanEck Retail ETF (RTH) fell 2.3%, and SPDR S&P Retail (XRT) lost 1.1%.

Health Care

Health Care Select Sector SPDR (XLV) dropped 4.2% down, and iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) slumped. IShares Biotechnology ETF (IBB) fell 4.8%.

Industrial

Industrial Select Sector SPDR (XLI) dropped 5%. Vanguard Industrials (VIS) and iShares US Industrials (IYJ) declined.

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