The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 1.2% and the actively traded Invesco QQQ Trust (QQQ) advanced 1.1% in Friday's premarket activity as investors weighed a mix of earnings and the April employment data.

US stock futures were higher, with S&P 500 Index futures up 1.2%, Dow Jones Industrial Average futures advancing 1.1%, and Nasdaq futures gaining 1.2% before the start of regular trading.

The April employment report showed nonfarm payrolls rose by 177,000, above the 138,000 jobs increase expected in a survey compiled by Bloomberg as of 7:40 am ET, while the US unemployment rate held steady at 4.2%.

The factory orders bulletin for March is scheduled to be released at 10 am ET, followed by the weekly Baker Hughes domestic oil-and-gas rig count at 1 pm ET.

In premarket activity, bitcoin was up by 0.4% and the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.7% higher.

Power Play:

Industrial

Industrial Select Sector SPDR Fund (XLI) was up 1.1%, while the Vanguard Industrials Index Fund (VIS) was 0.3% lower. The iShares US Industrials ETF (IYJ) advanced 0.5%.

Westlake (WLK) shares were down 11% in recent Friday premarket activity, after it swung to a Q1 net loss and posted lower net sales.

Winners and Losers:

Health Care

The Health Care Select Sector SPDR Fund (XLV) and the Vanguard Health Care Index Fund (VHT) were both more than 1% higher. The iShares US Healthcare ETF (IYH) was inactive, while the iShares Biotechnology ETF (IBB) was 1.2% higher.

BrightSpring Health Services (BTSG) gained more than 8% before Friday's opening bell, after it posted higher Q1 adjusted earnings and revenue, and raised its full-year 2025 revenue outlook.

Consumer

The Consumer Staples Select Sector SPDR Fund (XLP) was up 0.6%, while the the Vanguard Consumer Staples Fund (VDC) rose 0.5 % and the iShares US Consumer Staples ETF (IYK) was flat.

Airbnb (ABNB) fell by nearly 3% pre-bell Friday, after it reported lower Q1 earnings late Thursday.

Financial

Financial Select Sector SPDR Fund (XLF) gained 1.6%. Direxion Daily Financial Bull 3X Shares (FAS) rose 4.8%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 4.4% lower.

Piper Sandler (PIPR) shares rose by nearly 4% before the Friday opening bell, after posting higher Q1 adjusted earnings and revenue.

Technology

Technology Select Sector SPDR Fund (XLK) gained 1%, and the iShares US Technology ETF (IYW) was up 0.9%. Among semiconductor ETFs, the iShares Semiconductor ETF (SOXX) jumped by 2.1%.

Apple (AAPL) shares slipped more than 3% before the opening bell on Friday, a day after its Chief Executive Tim Cook said that the company estimates an additional $900 million in costs in fiscal Q3 due to current tariffs.

Energy

The iShares US Energy ETF (IYE) was flat, while the Energy Select Sector SPDR Fund (XLE) was 1% higher.

Shell (SHEL) shares rose more than 3% before Friday's opening bell, after the energy giant reported better-than-expected Q1 adjusted earnings and launched a $3.5 billion stock repurchase plan.

Commodities

Front-month US West Texas Intermediate crude oil fell 1% to $58.64 per barrel on the New York Mercantile Exchange. Natural gas gained 0.1% to $3.482 per 1 million British Thermal Units. United States Oil Fund (USO) was down by 0.8%, while the United States Natural Gas Fund (UNG) was 1.5% higher.

Gold futures for June were up 1.5% at $3,271.0 an ounce on the Comex, while silver futures advanced 0.1% to $32.50 an ounce.