The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.2% and the actively traded Invesco QQQ Trust (QQQ) was 0.4% higher in Monday's premarket activity amid media reports of a US-EU tariff deal.
US stock futures were also higher, with S&P 500 Index futures up 0.2%, Dow Jones Industrial Average futures advancing 0.1%, and Nasdaq futures gaining 0.3% before the start of regular trading.
The Dallas Fed Manufacturing Survey for July will be released at 10:30 am ET.
In premarket activity, bitcoin was down by 0.3%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.5% higher, Ether ETF (EETH) rose 6.3%, and Bitcoin & Ether Market Cap Weight ETF (BETH) gained 0.2%.
Power Play:
Health Care
The Health Care Select Sector SPDR Fund (XLV) retreated 0.02%. The Vanguard Health Care Index Fund (VHT) was up 0.2% while the iShares US Healthcare ETF (IYH) slipped 0.8%. The iShares Biotechnology ETF (IBB) was inactive.
Revvity (RVTY) stock was down more than 8% premarket after the company reported lower fiscal Q2 adjusted earnings.
Winners and Losers:
Technology
Technology Select Sector SPDR Fund (XLK) gained 0.4%, and the iShares US Technology ETF (IYW) was 0.5% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 0.1%. Among semiconductor ETFs, SPDR S&P Semiconductor ETF (XSD) advanced 0.02%, while the iShares Semiconductor ETF (SOXX) rose by 1%.
WeRide (WRD) shares were up more than 6% in recent premarket activity after the company said that its Robotaxi has received an autonomous driving permit in Saudi Arabia, allowing the company to operate an autonomous vehicle business and deploy its Robotaxis in the country.
Industrial
Industrial Select Sector SPDR Fund (XLI) advanced 0.2% while the Vanguard Industrials Index Fund (VIS) was inactive, while the iShares US Industrials ETF (IYJ) was up 0.3%.
KBR (KBR) stock was up more than 1% before the opening bell after the company said TAQA Transmission awarded the company a Program Management Consultancy services contract.
Consumer
The Consumer Staples Select Sector SPDR Fund (XLP) was down 0.1%, while the Vanguard Consumer Staples Fund (VDC) was 0.1% lower. The iShares US Consumer Staples ETF (IYK) declined by 0.7%, and the Consumer Discretionary Select Sector SPDR Fund (XLY) gained 0.4%. The VanEck Retail ETF (RTH) was inactive, while the SPDR S&P Retail ETF (XRT) rose 1.5%.
Tesla (TSLA) shares were up 1.3% pre-bell after Samsung awarded the company an artificial intelligence semiconductor manufacturing contract worth about 22.765 trillion South Korean won ($16.50 billion).
Energy
The iShares US Energy ETF (IYE) was inactive, while the Energy Select Sector SPDR Fund (XLE) was up by 0.5%.
Eni (E) stock was up more than 1% before Monday's opening bell after the Financial Times quoted Eni Chief Executive Claudio Descalzi as saying that it expects its green businesses to generate operating profits comparable to those from oil and gas by 2035, with profits from renewables and related activities estimated to surpass traditional energy by 2040.
Financial
Financial Select Sector SPDR Fund (XLF) advanced 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.2%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.2% lower.
Commodities
Front-month US West Texas Intermediate crude oil was up 1.4% at $66.05 per barrel on the New York Mercantile Exchange. Natural gas declined 1.6% to $3.06 per 1 million British Thermal Units. United States Oil Fund (USO) was 1.5% higher, while the United States Natural Gas Fund (UNG) retreated 0.5%.
Gold futures for August were flat at $3,392.60 an ounce on the Comex, while silver futures were down 0.3% at $38.26 an ounce. SPDR Gold Shares (GLD) retreated by 0.02%, and the iShares Silver Trust (SLV) was 0.1% lower.
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