Exchange-Traded Funds Drop as US Equities Fall After Midday
MT newswire2026/10/08 17:1401:14 PM EDT, 10/08/2026 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded funds IWM and IVV were lower. Actively traded Invesco QQQ Trust (QQQ) eased 1%. US equity indexes fell amid concerns that surging crude oil prices and higher government bond yields risk undermining consumer and corporate investment. Energy IShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each added about 2.4%. Technology The State Street Technology Select Sector SPDR ETF (XLK) was down 1.3%; iShares US Technology ETF (IYW) fell 1.1%, and iShares Expanded Tech Sector ETF (IGM) was 1.4% lower. The State Street SPDR S&P Semiconductor (XSD) dipped 3.2%, and iShares Semiconductor (SOXX) fell 2.5%. Financial The State Street Financial Select Sector SPDR (XLF) added 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) climbed up 1%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 0.8%. Commodities Crude oil rose 3.1%, and the United States Oil Fund (USO) added 2.3%. Natural gas slipped 2.6%, and the United States Natural Gas Fund (UNG) was down 2.1%. Gold on Comex rose 0.1%, and the State Street SPDR Gold Shares (GLD) was up 0.5%. Silver fell 1.9%, and iShares Silver Trust (SLV) lost 1.3%. Consumer The State Street Consumer Staples Select Sector SPDR (XLP) was 2% higher, and the Vanguard Consumer Staples ETF (VDC) rose 1.9%. The State Street Consumer Discretionary Select Sector SPDR (XLY) rose 0.1%. VanEck Retail ETF (RTH) was up 0.7%, and the State Street SPDR S&P Retail (XRT) was 1% higher. Healthcare The State Street Health Care Select Sector SPDR (XLV) lost 1.2%, while iShares US Healthcare (IYH) fell 1.4%, and Vanguard Health Care ETF (VHT) was down 1.3%. IShares Biotechnology ETF (IBB) was down 2.2%. Industrial The State Street Industrial Select Sector SPDR (XLI) dipped 0.4%. Vanguard Industrials Index Fund (VIS) fell 0.4%, and iShares US Industrials (IYJ) eased 0.1%. Cryptocurrency In midday activity, bitcoin (BTC-USD) shed 2.9%. Among cryptocurrency E
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On October 9, Morningstar predicted that the revenue of Australian oil and gas producer Woodside Energy (WDS.AX) will grow by over 30% by 2030, outpacing any of its international peers. Woodside Energy’s share price dropped by 0.6% on the day to 32.12 AUD, after surging 2.6% in the previous trading session. The stock is poised to end a three-week losing streak, with oil prices rising due to escalating tensions in the Middle East, and is set for a 2.8% weekly gain O/R. Morningstar expects Woodside’s revenue to increase as major new projects come online, and forecasts free cash flow to exceed 7 billion USD after 2030, reflecting a 300% rise from 2025. The report added that market sentiment remains bearish, with the current share price below its estimated fair value of 44.00 AUD. Year-to-date, Woodside’s share price has risen 36.2%, while Santos shares are up 41.3%. (For the convenience of non-English speakers, Reuters has automated the translation of its reports into several languages. Since automated translations may be inaccurate or lack required context, Reuters does not guarantee the accuracy of automated translation texts and provides them solely for the convenience of readers. Reuters accepts no liability for any loss or damage arising from your use of automated translation functions.)
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