The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 1.1%, and the actively traded Invesco QQQ Trust (QQQ) retreated 1.5% in Monday's premarket activity as markets react to the escalation of military conflict in the Middle East.

US stock futures were also lower, with S&P 500 Index futures down 1.1%, Dow Jones Industrial Average futures slipping 1.1%, and Nasdaq futures retreating 1.4% before the start of regular trading.

S&P Global manufacturing purchasing managers' index data for February will be released at 9:45 am ET.

The Institute for Supply Management manufacturing PMI data for February will be released at 10 am ET.

In premarket activity, bitcoin was up by 1%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.6% higher, Ether ETF (EETH) advanced 0.8%, and Bitcoin & Ether Market Cap Weight ETF (BETH) retreated by 1.7%.

Power Play:

Energy

The iShares US Energy ETF (IYE) was inactive, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 0.1%.

Kosmos Energy (KOS) stock was up more than 10% before Monday's opening bell after closing Friday with a 5.9% rise. The company expects to increase production and anticipates lower exploration expenses in 2026 compared with the prior year.

Winners and Losers:

Industrial

The State Street Industrial Select Sector SPDR ETF (XLI) retreated by 0.3% while the Vanguard Industrials Index Fund (VIS) gained 0.2%, and the iShares US Industrials ETF (IYJ) was 0.01% higher.

American Airlines (AAL) and United Airlines (UAL) stocks were down more than 6% each before the opening bell, while Delta Air Lines (DAL) shares fell more than 5% amid travel disruptions following the situation in the Middle East.

Consumer

The State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.4%, while the Vanguard Consumer Staples Index Fund ETF Shares (VDC) retreated 0.1%. The iShares US Consumer Staples ETF (IYK) fell 0.2%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 2%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 1.6% lower.

Amazon (AMZN) shares were down more than 2% pre-bell after the company said it plans to invest another 18 billion euros ($21.07 billion) in Spain, adding to the 15.70 billion euros pledge made in 2024 to expand data center infrastructure and support AI and cloud computing across Europe.

Financial

The State Street Financial Select Sector SPDR ETF (XLF) was down by 1.4%. Direxion Daily Financial Bull 3X Shares (FAS) fell by 4%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 4% higher.

BlackRock's Global Infrastructure (BLK) shares were down more than 2% pre-bell after AES (AES) said that BlackRock and EQT Infrastructure VI fund are leading a consortium that has signed a definitive agreement to acquire AES for $15 per share in cash, for an enterprise value of about $33.40 billion, including the assumption of existing debt.

Technology

The State Street Technology Select Sector SPDR ETF (XLK) retreated 1.6%, and the iShares US Technology ETF (IYW) was down 1.6%, while the iShares Expanded Tech Sector ETF (IGM) fell 2%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was 1.9% lower, while the iShares Semiconductor ETF (SOXX) declined by 2.5%.

Intel (INTC) shares were down more than 2% in recent premarket activity, while Ericsson (ERIC) stock declined 2.7% after the companies said they have partnered to co-develop an AI-native unified 6G network architecture.

Health Care

The State Street Health Care Select Sector SPDR ETF (XLV) retreated by 0.7%, the Vanguard Health Care Index Fund (VHT) was down 0.5%, and the iShares US Healthcare ETF (IYH) slipped 1.3%. The iShares Biotechnology ETF (IBB) fell by 1.9%.

Novo Nordisk (NVO) stock was down more than 1% premarket after the company said it is planning to invest 432 million euros to upgrade its tabletting facility in Athlone, Ireland.

Commodities

Front-month US West Texas Intermediate crude oil rose 8.1% to $72.40 per barrel on the New York Mercantile Exchange. Natural gas advanced by 7.1% to $3.06 per 1 million British Thermal Units. The United States Oil Fund (USO) rose by 7.3%, while the United States Natural Gas Fund (UNG) was 5.6% higher.

Gold futures for March advanced 3.3% to $5,421.30 an ounce on the Comex. Silver futures rose 2.1% to $95.22 an ounce. SPDR Gold Shares (GLD) was up by 2.4%, and the iShares Silver Trust (SLV) rose by 0.6%.