The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.1%, and the actively traded Invesco QQQ Trust (QQQ) retreated by 1.1% in Tuesday's premarket activity, as investors exercised caution over the chip sector's outlook while awaiting the Federal Reserve's latest meeting minutes for clues on the interest rate outlook.

US stock futures were mixed, with S&P 500 Index futures down 0.2%, Dow Jones Industrial Average futures advancing 0.4%, and Nasdaq futures retreating 1% before the start of regular trading.

The US international trade deficit widened to $77.59 billion in May from a revised $54.57 billion gap in April, compared with a wider gap of $78.4 billion expected in a survey compiled by Bloomberg as of 6:30 am ET.

Consumer sentiment data for July from RealClearMarkets will be released at 10:00 am ET, followed by the New York Federal Reserve's inflation expectations readings for June at 11:00 am ET.

The Atlanta Fed's latest GDP nowcast estimate for Q2 posts around midday.

In premarket action, bitcoin was down by 0.6%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.6% lower, Ether ETF (EETH) retreated by 0.8%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.

Power Play:

Financial

The State Street Financial Select Sector SPDR ETF (XLF) advanced 0.4%. Direxion Daily Financial Bull 3X Shares (FAS) was up 1%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1.1% lower.

Fiserv (FISV) shares traded up 4.9% in early hours activity a day after Reuters reported the company had held talks with some major US banks about a potential sale of its STAR Network debit payments business.

Winners and Losers:

Health Care

The State Street Health Care Select Sector SPDR ETF (XLV) advanced 1.2%, the Vanguard Health Care Index Fund (VHT) was flat, while the iShares US Healthcare ETF (IYH) was slightly up. The iShares Biotechnology ETF (IBB) was 1% higher.

Genmab (GMAB) stock was up more than 3% premarket a day after the European Commission approved Tepkinly in combination with lenalidomide and rituximab for the treatment of adult patients with relapsed or refractory follicular lymphoma.

Industrial

The State Street Industrial Select Sector SPDR ETF (XLI) was marginally down, while the Vanguard Industrials Index Fund (VIS) gained 0.6% and the iShares US Industrials ETF (IYJ) was down 0.2%.

Planet Labs (PL) stock was down 1.8% before the opening bell, continuing from a 1.7% fall at the prior close. The company said it has deployed its Pelican-11 technology demonstration satellite into orbit to test hardware for its next-generation fleet.

Technology

The State Street Technology Select Sector SPDR ETF (XLK) retreated 1.7%, and the iShares US Technology ETF (IYW) was 0.6% lower, while the iShares Expanded Tech Sector ETF (IGM) was down 0.1%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) declined 3%, while the iShares Semiconductor ETF (SOXX) fell 4.4%.

Nvidia (NVDA) shares were down more than 1% in premarket activity. Bloomberg News reported, citing its own survey, that the company's grip on China's artificial intelligence chip market is weakening as domestic accelerators gain traction, while Reuters reported that Chinese firm DeepSeek is developing its own artificial intelligence chip that could allow it to rely less on Nvidia and Huawei.

Consumer

The State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 1%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) gained 0.8%, and the iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advanced by 0.4%. The VanEck Retail ETF (RTH) was 1.8% higher, while the State Street SPDR S&P Retail ETF (XRT) declined 0.1%.

Coca-Cola (KO) shares were up more than 1% pre-bell, while Smurfit Westrock (SW) was flat after Coca-Cola China partnered with Smurfit to launch paper-based packaging solutions for the brand's World Cup campaign, intended to be available across both retail and e-commerce channels.

Energy

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

Shell (SHEL) stock was up more than 2% before market open. Despite lower Q2 Qatari production due to Persian Gulf hostilities, the company expects significantly higher gas trading profits, along with higher refining and chemical margins, driven by tight global energy markets.

Commodities

Front-month US West Texas Intermediate crude oil advanced by 1% to $68.27 per barrel on the New York Mercantile Exchange. Natural gas was down by 1.1% to $3.21 per 1 million British Thermal Units. The United States Oil Fund (USO) gained by 0.4%, while the United States Natural Gas Fund (UNG) was 1.7% lower.

Gold futures for July were up by 0.4% to $4,182.90 an ounce on the Comex. Silver futures retreated by 0.4% to $62.06 an ounce. SPDR Gold Shares (GLD) increased by 0.1%, and the iShares Silver Trust (SLV) was 0.8% lower.