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 0.1% higher in Monday's premarket activity as investors focus on the US presidential elections and Federal Reserve policy meeting.

US stock futures also edged higher, with S&P 500 Index futures up 0.1%, Dow Jones Industrial Average futures advancing 0.01%, and Nasdaq futures gaining 0.1% before the start of regular trading.

The factory orders report for September will be released at 10 am ET.

In premarket activity, bitcoin was marginally up by 0.02% and the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.7% lower.

Power Play:

Industrial

Industrial Select Sector SPDR Fund (XLI) was flat while the Vanguard Industrials Index Fund (VIS) increased 1.1% and the iShares US Industrials ETF (IYJ) was inactive.

Air Transport Services Group (ATSG) stock was up more than 24% before the opening bell after Reuters reported Sunday, citing unnamed sources, that the company is in advanced talks to be acquired by Stonepeak for around $3.1 billion.

Winners and Losers:

Energy

The iShares US Energy ETF (IYE) was flat, while the Energy Select Sector SPDR Fund (XLE) was up by 0.9%.

Centrus Energy (LEU) shares were down more than 13% before the opening bell after the company said it plans to offer $350 million in convertible senior notes due 2030.

Financial

Financial Select Sector SPDR Fund (XLF) lost 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.4%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.4% higher.

B. Riley Financial-backed (RILY) stock was down nearly 8% pre-bell after the company reported that the Franchise Group, which B. Riley funds, had started voluntary Chapter 11 proceedings in the US Bankruptcy Court for the District of Delaware.

Consumer

The Consumer Staples Select Sector SPDR Fund (XLP) was down 0.1%, while the Vanguard Consumer Staples Fund (VDC) was up 0.7% The iShares US Consumer Staples ETF (IYK) was inactive, and the Consumer Discretionary Select Sector SPDR Fund (XLY) lost 0.2%. The VanEck Retail ETF (RTH) was inactive, while the SPDR S&P Retail ETF (XRT) retreated 0.7%.

Yum China Holdings (YUMC) shares were up more than 7% pre-bell after the company reported higher Q3 earnings and revenue.

Health Care

The Health Care Select Sector SPDR Fund (XLV) retreated 0.1%. The Vanguard Health Care Index Fund (VHT) gained marginally by 0.02% while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) was down 0.2%.

Viking Therapeutics (VKTX) stock was up more than 7% premarket after the company reported new positive clinical data from two studies on its VK2735 product candidate for the treatment of various metabolic disorders.

Technology

Technology Select Sector SPDR Fund (XLK) advanced 0.3%, and the iShares US Technology ETF (IYW) was 0.2% higher, while the iShares Expanded Tech Sector ETF (IGM) was inactive. Among semiconductor ETFs, SPDR S&P Semiconductor ETF (XSD) increased by 0.3%, while the iShares Semiconductor ETF (SOXX) rose by 0.2%.

Nvidia (NVDA) shares were up nearly 2% in recent Monday premarket activity after S&P Dow Jones Indices said Friday that the company would replace Intel (INTC) in the Dow Jones Industrial Average effective Nov. 8. Intel shares were down 1.3% pre-bell.

Commodities

Front-month US West Texas Intermediate crude oil rose nearly 3% to $71.55 per barrel on the New York Mercantile Exchange. Natural gas fell 1.7% to $2.62 per 1 million British Thermal Units. United States Oil Fund (USO) was up 3%, while the United States Natural Gas Fund (UNG) lost 1.6%.

Gold futures for December advanced 0.1% to $2,751.30 an ounce on the Comex, while silver futures gained 0.8% to reach $32.93 an ounce. SPDR Gold Shares (GLD) increased by 0.3%, and iShares Silver Trust (SLV) was 1.3% higher.