The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.4% and the actively traded Invesco QQQ Trust (QQQ) advanced 0.5% in Friday's premarket activity, amid optimism from a trade deal with China.

US stock futures were also higher, with S&P 500 Index futures up 0.3%, Dow Jones Industrial Average futures advancing 0.3%, and Nasdaq futures gaining 0.4% before the start of regular trading.

The May core personal consumption expenditures (PCE) price index, the Federal Reserve's preferred price gauge, will be released at 8:30 am ET.

The University of Michigan June consumer sentiment report will be released at 10 am ET, and the Baker Hughes oil-and-gas domestic rig count posts at 1 pm ET.

Federal Reserve New York President John Williams and Cleveland President Beth Hammack speak on Friday.

In premarket action, bitcoin was down by 0.5% and the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.6% lower.

Power Play:

Industrial

Industrial Select Sector SPDR Fund (XLI) advanced 0.3%, the Vanguard Industrials Index Fund (VIS) gained 0.3%, while the iShares US Industrials ETF (IYJ) was inactive.

Apogee Enterprises (APOG) stock was up 12% before the opening bell after the company lifted its guidance for fiscal 2026 adjusted earnings and revenue.

Winners and Losers:

Health Care

The Health Care Select Sector SPDR Fund (XLV) advanced 0.3%. The Vanguard Health Care Index Fund (VHT) was up 0.2% while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) was flat.

BioCryst Pharmaceuticals (BCRX) stock was up 5% premarket after the company said it has agreed to sell its European Orladeyo business to Neopharmed Gentili for up to $264 million.

Consumer

The Consumer Staples Select Sector SPDR Fund (XLP) was up 0.01%, while the Vanguard Consumer Staples Fund (VDC) was flat. The iShares US Consumer Staples ETF (IYK) was inactive, and the Consumer Discretionary Select Sector SPDR Fund (XLY) gained 0.5%. The VanEck Retail ETF (RTH) was inactive, while the SPDR S&P Retail ETF (XRT) advanced 0.7%.

Li Auto (LI) shares were down 3% pre-bell after the company said it now expects to deliver about 108,000 vehicles in Q2, down from its earlier forecast of 123,000 to 128,000 units.

Financial

Financial Select Sector SPDR Fund (XLF) advanced 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.5%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.4% lower.

Forge Global (FRGE) shares were up 2% pre-bell Friday after the company said it will work with Fortune Media to publish private market rankings using its internal data.

Technology

Technology Select Sector SPDR Fund (XLK) gained 0.5%, and the iShares US Technology ETF (IYW) was 0.4% higher, while the iShares Expanded Tech Sector ETF (IGM) was inactive. Among semiconductor ETFs, SPDR S&P Semiconductor ETF (XSD) advanced 0.1%, while the iShares Semiconductor ETF (SOXX) rose by 0.6%.

Super Micro Computer (SMCI) shares were up nearly 2% in recent Friday premarket activity after the company said late Thursday it closed $2.3 billion total principal amount of convertible senior notes due 2030 in a private offering.

Energy

The iShares US Energy ETF (IYE) was inactive, while the Energy Select Sector SPDR Fund (XLE) was up by 0.3%.

Commodities

Front-month US West Texas Intermediate crude oil advanced 0.6% to $65.61 per barrel on the New York Mercantile Exchange. Natural gas rose 3% to $3.63 per 1 million British Thermal Units. United States Oil Fund (USO) was 0.5% higher, while the United States Natural Gas Fund (UNG) gained by 2.6%.

Gold futures for August retreated 1.7% to $3,292.70 an ounce on the Comex, while silver futures were down 2% to $36.19 an ounce. SPDR Gold Shares (GLD) fell 1.4%, and the iShares Silver Trust (SLV) was 1.8% lower.