The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 1.5% and the actively traded Invesco QQQ Trust (QQQ) was 1.6% higher in Tuesday's premarket activity as US President Donald Trump delayed a proposed 50% tariff on European Union imports.

US stock futures were also higher, with S&P 500 Index futures up 1.4%, Dow Jones Industrial Average futures advancing 1.3%, and Nasdaq futures 1.6% higher before the start of regular trading.

The April durable goods orders bulletin will be released at 8:30 am ET, followed by the Case-Shiller Home Price Index, and the FHFA House Price Index, both for March, at 9 am ET.

The Conference Board consumer confidence report for May posts at 10 am ET, followed by the Dallas Fed Manufacturing Survey for May at 10:30 am ET.

Richmond President Thomas Barkin, and New York President John Williams are slated to speak later in the day.

In premarket activity, bitcoin was up by 0.4% and the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.8% higher.

Power Play:

Health Care

The Health Care Select Sector SPDR Fund (XLV) advanced nearly 1%. The Vanguard Health Care Index Fund (VHT) was up 1.3% while the iShares US Healthcare ETF (IYH) gained 1.1%. The iShares Biotechnology ETF (IBB) was 1% higher.

Prothena (PRTA) stock was down more than 26% premarket after Jefferies and Oppenheimer downgraded the company to hold and market perform, respectively.

Winners and Losers:

Consumer

The Consumer Staples Select Sector SPDR Fund (XLP) was up 0.3%, 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 1.5%. The VanEck Retail ETF (RTH) was inactive, while the SPDR S&P Retail ETF (XRT) advanced 1.4%.

PDD Holdings (PDD) shares were down more than 17% pre-bell after the company reported lower-than-expected Q1 non-GAAP earnings and revenue.

Industrial

Industrial Select Sector SPDR Fund (XLI) advanced 1.3% and the Vanguard Industrials Index Fund (VIS) gained 0.6%, while the iShares US Industrials ETF (IYJ) was inactive.

EHang Holdings (EH) stock was down more than 8% before the opening bell after the company reported a wider Q1 adjusted loss and lower revenue.

Energy

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

Expro Group Holdings (XPRO) stock was up more than 3% before Tuesday's opening bell after Wells Fargo initiated the company's rating at overweight.

Financial

Financial Select Sector SPDR Fund (XLF) advanced 1.4%. Direxion Daily Financial Bull 3X Shares (FAS) rose 4%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) fell 4%.

Visa (V) shares were up 1% pre-bell Tuesday. The company named Antony Cahill as the chief executive of its European operations.

Technology

Technology Select Sector SPDR Fund (XLK) advanced 1.8%, and the iShares US Technology ETF (IYW) was 1.9% higher, while the iShares Expanded Tech Sector ETF (IGM) was inactive. Among semiconductor ETFs, SPDR S&P Semiconductor ETF (XSD) was up 1.3%, while the iShares Semiconductor ETF (SOXX) rose by 2.3%.

Nextracker (NXT) shares were up more than 1% in recent premarket activity after the company said it surpassed 10 gigawatts of solar tracker installations in India.

Commodities

Front-month US West Texas Intermediate crude oil retreated 0.4% to $61.31 per barrel on the New York Mercantile Exchange. Natural gas was down 1.7% at $3.28 per 1 million British Thermal Units. United States Oil Fund (USO) declined 0.7%, while the United States Natural Gas Fund (UNG) lost 0.4%.

Gold futures for August retreated 2.3% to $3,318.10 an ounce on the Comex, while silver futures were down 1.8% at $33.02 an ounce. SPDR Gold Shares (GLD) fell 1.9%, and the iShares Silver Trust (SLV) was 1.5% lower.