The SPDR Dow Jones Industrial Average ETF (DIA) is eating into yesterday's gains, while the Invesco QQQ Trust (QQQ) and SPDR S&P 500 ETF Trust (SPY) are both broadly lower just before 1 PM EST. The Dow Jones Industrial Average dropped 410 points after closing at a record high in the previous session, losing more than 1.3%. “Our base case is that rates will continue to rise due to increasing growth and inflation expectations and, eventually, Federal Reserve normalization,” said Ryan Detrick, chief market strategist at LPL Financial.