The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.5% and the actively traded Invesco QQQ Trust (QQQ) retreated 0.6% in Friday's premarket activity amid President Trump's surprise tariff hikes.

US stock futures were also lower, with S&P 500 Index futures down 0.6%, Dow Jones Industrial Average futures slipping 0.7%, and Nasdaq futures retreating 0.5% before the start of regular trading.

The Baker Hughes rig count will be released at 1 pm ET.

In premarket action, bitcoin was up by 3.8% and the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 3.8% higher.

Power Play:

Health Care

The Health Care Select Sector SPDR Fund (XLV) retreated 0.3%. The Vanguard Health Care Index Fund (VHT) and the iShares US Healthcare ETF (IYH) were inactive. The iShares Biotechnology ETF (IBB) was 0.3% lower.

Capricor Therapeutics (CAPR) stock was down 50% premarket after the company said that the US Food and Drug Administration has required additional clinical data on deramiocel, a cell therapy candidate for cardiomyopathy in Duchenne muscular dystrophy patients.

Winners and Losers:

Consumer

The Consumer Staples Select Sector SPDR Fund (XLP) was down 0.3%, while the Vanguard Consumer Staples Fund (VDC) was inactive. The iShares US Consumer Staples ETF (IYK) was inactive, and the Consumer Discretionary Select Sector SPDR Fund (XLY) lost 0.5%. The VanEck Retail ETF (RTH) was inactive, while the SPDR S&P Retail ETF (XRT) was flat.

Levi Strauss (LEVI) shares were up more than 7% pre-bell as the denim maker lifted its full-year earnings and sales outlook on the back of stronger-than-expected fiscal Q2 results.

Financial

Financial Select Sector SPDR Fund (XLF) retreated 0.7%. Direxion Daily Financial Bull 3X Shares (FAS) was down 1.9%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 2.1% higher.

HIVE Digital Technologies (HIVE) shares were up 7% pre-bell Friday after the company said it reached 12 exahashes per second in bitcoin mining capacity and an annualized revenue run rate of $250 million.

Technology

Technology Select Sector SPDR Fund (XLK) retreated 0.5%, and the iShares US Technology ETF (IYW) was 0.2% lower, while the iShares Expanded Tech Sector ETF (IGM) was down 0.4%. Among semiconductor ETFs, SPDR S&P Semiconductor ETF (XSD) was inactive, while the iShares Semiconductor ETF (SOXX) fell by 0.7%.

Aurora Mobile (JG) shares were up 3% in recent premarket activity after the company said it is evaluating the possibility of integrating the digital asset Solana as a cornerstone of the cryptocurrency treasury strategy it initiated last month.

Industrial

Industrial Select Sector SPDR Fund (XLI) retreated 0.7%, while the Vanguard Industrials Index Fund (VIS) and the iShares US Industrials ETF (IYJ) were inactive.

Hafnia (HAFN) stock was up 1.5% before the opening bell after the company said it has signed a $715 million revolving credit facility, backed by a fleet of 32 modern product tankers.

Energy

The iShares US Energy ETF (IYE) was inactive, while the Energy Select Sector SPDR Fund (XLE) was down by 0.5%.

Vista Energy (VIST) stock was down more than 1% before Friday's opening bell after the company reported lower fiscal Q2 adjusted earnings late Thursday.

Commodities

Front-month US West Texas Intermediate crude oil advanced 1.1% to $67.32 per barrel on the New York Mercantile Exchange. Natural gas gained 0.6% to $3.36 per 1 million British Thermal Units. United States Oil Fund (USO) was 0.6% higher, while the United States Natural Gas Fund (UNG) rose 1.4%.

Gold futures for August gained 1% to $3,358.20 an ounce on the Comex, while silver futures were up 3% to $38.41 an ounce. SPDR Gold Shares (GLD) advanced 0.7%, and the iShares Silver Trust (SLV) was 1.4% higher.