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 0.3% higher in Monday's premarket activity amid interest rate-cut hopes and subdued weekly economic data.
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 0.4% before the start of regular trading.
The consumer credit report for July will be released at 3 pm ET.
In premarket activity, bitcoin was up by 0.7%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.5% higher, Ether ETF (EETH) was down 0.6%, and Bitcoin & Ether Market Cap Weight ETF (BETH) advanced marginally by 0.02%.
Power Play:
Industrial
Industrial Select Sector SPDR Fund (XLI) was flat, while the Vanguard Industrials Index Fund (VIS) and the iShares US Industrials ETF (IYJ) were inactive.
Planet Labs (PL) stock was up more than 14% before the opening bell after the company reported a narrower fiscal Q2 non-GAAP net loss and higher revenue, in addition to raising its fiscal 2026 revenue guidance.
Winners and Losers:
Health Care
The Health Care Select Sector SPDR Fund (XLV) was nearly flat. The Vanguard Health Care Index Fund (VHT) advanced marginally by 0.03%, while the iShares US Healthcare ETF (IYH) slipped 0.01%. The iShares Biotechnology ETF (IBB) gained 0.4%.
Ideaya Biosciences (IDYA) stock was up more than 6% premarket after the company said that interim phase 2 data for darovasertib in the neoadjuvant setting for primary uveal melanoma showed ocular tumor shrinkage, reduced radiation doses to critical eye structures, and improved vision.
Financial
Financial Select Sector SPDR Fund (XLF) retreated 0.04%. Direxion Daily Financial Bull 3X Shares (FAS) was up nearly 0.1%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.2% lower.
The PNC Financial Services Group (PNC) shares were up more than 1% pre-bell Monday after the company said it has agreed to buy FirstBank Holding in a deal valued at $4.10 billion.
Consumer
The Consumer Staples Select Sector SPDR Fund (XLP) was down 0.3%, while the Vanguard Consumer Staples Fund (VDC) was up 0.1%. The iShares US Consumer Staples ETF (IYK) was inactive, 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) was 0.4% higher.
Alibaba (BABA) shares were up more than 3% pre-bell after X Square Robot said Alibaba's cloud unit led a 1 billion Chinese renminbi ($140.2 million) funding round for the Chinese robotics startup.
Technology
Technology Select Sector SPDR Fund (XLK) advanced 0.4%, and the iShares US Technology ETF (IYW) was 0.7% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 0.5%. Among semiconductor ETFs, SPDR S&P Semiconductor ETF (XSD) was inactive, while the iShares Semiconductor ETF (SOXX) rose by 0.3%.
Cerence (CRNC) shares were up more than 3% in recent premarket activity after the company said it has partnered with Microsoft (MSFT) to bring to market a new artificial intelligence-based mobile work assistant.
Energy
The iShares US Energy ETF (IYE) rose 1%, while the Energy Select Sector SPDR Fund (XLE) was up by 0.6%.
Kodiak Gas Services (KGS) stock was down more than 3% before Monday's opening bell after the company said that Frontier TopCo Partnership will sell 10 million of its common shares in an underwritten public offering.
Commodities
Front-month US West Texas Intermediate crude oil was up 2.2% at $63.22 per barrel on the New York Mercantile Exchange. Natural gas advanced 1.7% to $3.10 per 1 million British Thermal Units. United States Oil Fund (USO) was 1.9% higher, while the United States Natural Gas Fund (UNG) rose 2.8%.
Gold futures for December declined by 0.2% to $3,659 an ounce on the Comex, while silver futures were up 0.8% at $41.88 an ounce. SPDR Gold Shares (GLD) gained 0.8%, and the iShares Silver Trust (SLV) was 0.6% higher.