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) was 0.5% higher in Monday's premarket activity, as investors await the next inflation report due later this week.

US stock futures were also higher, with S&P 500 Index futures up 0.4%, Dow Jones Industrial Average futures advancing 0.5%, and Nasdaq futures gaining 0.4% before the start of regular trading.

In premarket action, bitcoin was up by 4.3% and the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 7.6% higher.

Power Play:

Technology

Technology Select Sector SPDR Fund (XLK) gained marginally by 0.04%, and the iShares US Technology ETF (IYW) was 0.4% higher, while the iShares Expanded Tech Sector ETF (IGM) was down 1%. Among semiconductor ETFs, SPDR S&P Semiconductor ETF (XSD) was inactive, while the iShares Semiconductor ETF (SOXX) fell by 0.5%.

Sapiens International (SPNS) shares were down more than 21% in recent Monday premarket activity after the company reported lower-than-expected Q3 revenue and cut its outlook for 2024 non-GAAP revenue.

Winners and Losers:

Health Care

The Health Care Select Sector SPDR Fund (XLV) advanced 0.2%. The Vanguard Health Care Index Fund (VHT) was up 0.3% while the iShares US Healthcare ETF (IYH) gained 0.6%. The iShares Biotechnology ETF (IBB) was 0.5% higher

RadNet (RDNT) stock was up +20% premarket after the company reported higher Q3 adjusted earnings and revenue.

Industrial

Industrial Select Sector SPDR Fund (XLI) advanced 0.4% while the Vanguard Industrials Index Fund (VIS) and the iShares US Industrials ETF (IYJ) were inactive.

$Aramark(ARMK-W)$ (ARMK) stock was up nearly 3% before the opening bell after the company reported higher fiscal Q4 adjusted earnings and revenue.

Financial

Financial Select Sector SPDR Fund (XLF) advanced 1%. Direxion Daily Financial Bull 3X Shares (FAS) was up 3%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 2.7% lower.

Deutsche Bank (DB) shares were up 1.8% pre-bell Monday after the Financial Times reported that the company fired 111 senior managers in its retail and private wealth business.

Consumer

The Consumer Staples Select Sector SPDR Fund (XLP) was up 0.1%, 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 1.5%. The VanEck Retail ETF (RTH) was inactive, while the SPDR S&P Retail ETF (XRT) was flat.

Stellantis (STLA) shares were up 1.3% pre-bell after the company struck an offtake agreement under which Novonix (NVX) will supply a minimum of 86,250 tons of synthetic graphite material, with a target volume of up to 115,000 tons. Novonix was up 13%.

Energy

The iShares US Energy ETF (IYE) was inactive, while the Energy Select Sector SPDR Fund (XLE) was flat.

Commodities

Front-month US West Texas Intermediate crude oil fell 2.2% to $68.83 per barrel on the New York Mercantile Exchange. Natural gas rose 7% to $2.86 per 1 million British Thermal Units. United States Oil Fund (USO) was down 2.3%, while the United States Natural Gas Fund (UNG) was up 8%.

Gold futures for December declined 1% to $2,667.20 an ounce on the Comex, while silver futures retreated 0.4% to $31.34 an ounce. SPDR Gold Shares (GLD) declined by 1.1%, and iShares Silver Trust (SLV) fell by 0.7%.