The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.3% and the actively traded Invesco QQQ Trust (QQQ) was 0.6% higher in Monday's premarket activity amid the Advanced Micro Devices (AMD)-OpenAI partnership and hopes for looser monetary policy.

US stock futures were also higher, with S&P 500 Index futures up 0.3%, Dow Jones Industrial Average futures advancing 0.2%, and Nasdaq futures gaining 0.6% before the start of regular trading.

In premarket activity, bitcoin was up by 1.4%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.5% higher, Ether ETF (EETH) gained 1.2%, and Bitcoin & Ether Market Cap Weight ETF (BETH) advanced 1.3%.

Power Play:

Technology

Technology Select Sector SPDR Fund (XLK) advanced 0.9%, and the iShares US Technology ETF (IYW) was 0.3% higher, while the iShares Expanded Tech Sector ETF (IGM) was inactive. Among semiconductor ETFs, SPDR S&P Semiconductor ETF (XSD) was up 1.2%, while the iShares Semiconductor ETF (SOXX) rose by 2.9%.

Advanced Micro Devices shares were up more than 35% in recent premarket activity after the company agreed to supply Microsoft (MSFT)-backed OpenAI with 6 gigawatts of graphics processing units as part of a multiyear deal.

Winners and Losers:

Health Care

The Health Care Select Sector SPDR Fund (XLV) advanced 0.2%. The Vanguard Health Care Index Fund (VHT) gained 0.3%, while the iShares US Healthcare ETF (IYH) slipped 0.3%. The iShares Biotechnology ETF (IBB) was up 0.1%.

Abivax (ABVX) stock was up more than 7% premarket after the company said Sunday that results from two clinical trials showed that a 50 milligram daily dose regimen of its potential moderate-to-severely active ulcerative colitis treatment obefazimod met its primary endpoint of clinical remission at week eight.

Industrial

Industrial Select Sector SPDR Fund (XLI) advanced 0.3%, the Vanguard Industrials Index Fund (VIS) gained 0.6%, while the iShares US Industrials ETF (IYJ) was inactive.

Firefly Aerospace (FLY) stock was up more than 9% before the opening bell after the company said Sunday it agreed to acquire security technologies firm SciTec for $855 million, consisting of $300 million in cash and $555 million in Firefly stock priced at $50 per share.

Financial

Financial Select Sector SPDR Fund (XLF) advanced 0.4%. Direxion Daily Financial Bull 3X Shares (FAS) was up 1.1%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.3% lower.

Fifth Third Bancorp (FITB) shares were down more than 2% pre-bell, while Comerica (CMA) stock was up more than 14% after the companies said they agreed to merge in an all-stock deal valued at $10.90 billion.

Energy

The iShares US Energy ETF (IYE) was flat, while the Energy Select Sector SPDR Fund (XLE) was up by 0.6%.

Sable Offshore (SOC) stock was up more than 2% before Monday's opening bell after the company said it is set to move Monday to update its lawsuit against the California Coastal Commission to formally seek more than $347 million in damages for the delay in restarting its Las Flores oil pipeline.

Consumer

The Consumer Staples Select Sector SPDR Fund (XLP) was down 0.1%, while the Vanguard Consumer Staples Fund (VDC) was flat. The iShares US Consumer Staples ETF (IYK) gained 0.1%, and the Consumer Discretionary Select Sector SPDR Fund (XLY) advanced 0.7%. The VanEck Retail ETF (RTH) and the SPDR S&P Retail ETF (XRT) were inactive.

Tesla (TSLA) shares were up over 2% premarket after the electric carmaker hinted at an event or announcement likely scheduled for Tuesday.

Commodities

Front-month US West Texas Intermediate crude oil gained 0.8% to reach $61.35 per barrel on the New York Mercantile Exchange. Natural gas rose 3.8% to $3.45 per 1 million British Thermal Units. The United States Oil Fund (USO) was 1.1% higher, while the United States Natural Gas Fund (UNG) advanced by 3.5%.

Gold futures for December were up 1.3% at $3,959.30 an ounce on the Comex, while silver futures gained by 0.2% to reach $48.10 an ounce. SPDR Gold Shares (GLD) advanced by 1.1%, and the iShares Silver Trust (SLV) was 1.2% higher.