Exchange-Traded Funds Higher, Equity Futures Mixed Ahead of September Consumer Sentiment Report

MT Newswires Live
09/12

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.1% and the actively traded Invesco QQQ Trust (QQQ) was 0.2% higher in Friday's premarket activity, ahead of the University of Michigan's September consumer sentiment report due later in the day.

US stock futures were mixed, with S&P 500 Index futures down 0.1%, Dow Jones Industrial Average futures slipping 0.2%, and Nasdaq futures gaining 0.1% before the start of regular trading.

The University of Michigan's September consumer sentiment report is due at 10 am ET, while the weekly Baker Hughes domestic oil and gas rig count is slated to be released at 1 pm ET.

In premarket activity, bitcoin was up by 0.4%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.7% higher, Ether ETF (EETH) rose 2.2%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was 8% higher.

Power Play:

Health Care

The Health Care Select Sector SPDR Fund (XLV) slipped 0.1%. The Vanguard Health Care Index Fund (VHT) was 0.8% lower, while the iShares US Healthcare ETF (IYH) was flat. The iShares Biotechnology ETF (IBB) retreated 0.3%.

GlucoTrack (GCTK) shares were up 131% in recent premarket activity on Friday, a day after the company said that Sixth Borough Capital Fund committed to acquire up to $20 million of the company's common shares.

Winners and Losers:

Consumer

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

Rent the Runway (RENT) shares were down 20% pre-bell Friday, a day after the company posted a wider fiscal Q2 net loss.

Technology

The Technology Select Sector SPDR Fund (XLK) was up 0.2% and the iShares US Technology ETF (IYW) was marginally higher by 0.03%, while the iShares Expanded Tech Sector ETF (IGM) was flat. Among semiconductor ETFs, SPDR S&P Semiconductor ETF (XSD) was flat, while the iShares Semiconductor ETF (SOXX) advanced 0.3%.

Super Micro Computer (SMCI) stock was over 6% higher before Friday's opening bell, after the company said overnight it started volume deliveries of its Nvidia (NVDA) Blackwell Ultra solutions, such as HGX B300 systems and GB300 NVL72 racks, to clients worldwide.

Industrial

The Industrial Select Sector SPDR Fund (XLI) was down 0.2% and the Vanguard Industrials Index Fund (VIS) was flat. The iShares US Industrials ETF (IYJ) was inactive.

Tronox (TROX) shares were 6.5% lower before the Friday opening bell, after Mizuho Securities downgraded the miner to underperform from neutral with a $4 price target.

Energy

The iShares US Energy ETF (IYE) was down by 0.9%, while the Energy Select Sector SPDR Fund (XLE) was up by 0.3%.

Baker Hughes (BKR) shares were down by 0.3% before the opening bell on Friday, a day after the energy giant said it secured an order from Bechtel Energy to supply liquefaction equipment for Train 4 of NextDecade's (NEXT) Rio Grande LNG facility in Texas.

Financial

Financial Select Sector SPDR Fund (XLF) slipped 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) was 0.7% lower, while its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.7% higher.

Bank of America (BAC) stock was slightly down by 0.1% before Friday's opening bell, after the company said it will redeem all 2 billion euros ($2.34 billion) principal amount outstanding of its floating rate senior notes due Sept. 22, 2026.

Commodities

Front-month US West Texas Intermediate crude oil was up 1.8% at $63.46 per barrel on the New York Mercantile Exchange. Natural gas advanced by 0.8% to $2.95 per 1 million British Thermal Units. The United States Oil Fund (USO) was 1.9% higher, while the United States Natural Gas Fund (UNG) gained 1.4%.

Gold futures for December advanced by 0.3% to $3,682.70 an ounce on the Comex, while silver futures were up 1.4% at $42.73 an ounce. SPDR Gold Shares (GLD) gained 0.3%, and the iShares Silver Trust (SLV) was 1.3% higher.

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