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 Thursday's premarket activity, ahead of the highly anticipated consumer inflation report.
US stock futures were also higher, with S&P 500 Index futures up 0.2%, Dow Jones Industrial Average futures advancing 0.2%, and Nasdaq futures gaining 0.3% before the start of regular trading.
The August Consumer Price Index report and the weekly jobless claims bulletin will be released at 8:30 am ET.
The weekly EIA natural gas report will be posted at 10:30 am ET.
In premarket activity, bitcoin was up by 0.3%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.4% higher, Ether ETF (EETH) rose 2.7%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was 2% higher.
Power Play:
Health Care
The Health Care Select Sector SPDR Fund (XLV) advanced 0.1%. The Vanguard Health Care Index Fund (VHT) was flat while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) was flat.
Avidity Biosciences (RNA) stock was down nearly 20% premarket after the company said late Wednesday it plans a $500 million public offering of common shares.
Winners and Losers:
Industrial
Industrial Select Sector SPDR Fund (XLI) retreated 0.2% while the Vanguard Industrials Index Fund (VIS) and the iShares US Industrials ETF (IYJ) were inactive.
Enovix (ENVX) stock was down more than 14% before the opening bell after the company said it priced a $300 million offering of 4.75% convertible senior notes due 2030 in a private placement.
Technology
Technology Select Sector SPDR Fund (XLK) gained 0.4%, and the iShares US Technology ETF (IYW) was inactive, while the iShares Expanded Tech Sector ETF (IGM) was flat. Among semiconductor ETFs, SPDR S&P Semiconductor ETF (XSD) was up 0.4%, while the iShares Semiconductor ETF (SOXX) advanced 0.1%.
VNET Group (VNET) shares were up more than 3% in recent premarket activity after the company said it has secured a 40MW wholesale order from an unidentified internet company for its new Gu'an IDC Campus in the Greater Beijing Area.
Energy
The iShares US Energy ETF (IYE) was inactive, while the Energy Select Sector SPDR Fund (XLE) was down by 0.2%.
Solaris Energy Infrastructure (SEI) stock was up more than 1% before Thursday's opening bell after rising 17.9% at the previous day's close. Regulatory filings on Wednesday showed that two company executives purchased a combined 12,000 shares.
Consumer
The Consumer Staples Select Sector SPDR Fund (XLP) was marginally up by 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 0.4%. The VanEck Retail ETF (RTH) and the SPDR S&P Retail ETF (XRT) were inactive.
Honda Motor (HMC) shares were down nearly 1% pre-bell after falling 1.9% in the prior close. The company said Thursday that it will launch the N-ONE e passenger car on Friday as its second mini-electric vehicle model.
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 0.2% lower.
Commodities
Front-month US West Texas Intermediate crude oil was down 1.1% at $62.96 per barrel on the New York Mercantile Exchange. Natural gas advanced nearly 1% to $3.06 per 1 million British Thermal Units. The United States Oil Fund (USO) was 1.2% lower, while the United States Natural Gas Fund (UNG) gained 0.7%.
Gold futures for December retreated by 0.8% to $3,654.00 an ounce on the Comex, while silver futures were down 0.2% at $41.51 an ounce. SPDR Gold Shares (GLD) declined 0.7%, and the iShares Silver Trust (SLV) was 0.5% lower.