The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.02% and the actively traded Invesco QQQ Trust (QQQ) was 0.1% higher in Thursday's premarket activity amid Trump's latest tariffs and uncertainty around economic reports.
US stock futures were mixed, with S&P 500 Index futures up 0.04%, Dow Jones Industrial Average futures slipping 0.01%, and Nasdaq futures gaining 0.1% before the start of regular trading.
The weekly jobless claims bulletin will be released at 8:30 am ET, followed by the EIA natural gas report at 10:30 am ET.
Federal Reserve St. Louis President Alberto Musalem, Governor Christopher Waller, and San Francisco President Mary Daly speak on Thursday.
In premarket activity, bitcoin was up by 1.1% and the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.6% higher.
Power Play:
Consumer
The Consumer Staples Select Sector SPDR Fund (XLP) was down 0.02%, 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 0.2%. The VanEck Retail ETF (RTH) was inactive, while the SPDR S&P Retail ETF (XRT) advanced by 0.02%.
WK Kellogg (KLG) shares were up more than 53% pre-bell after Bloomberg News reported the company is close to being acquired by Ferrero International for approximately $3 billion.
Winners and Losers:
Health Care
The Health Care Select Sector SPDR Fund (XLV) retreated 0.04%. The Vanguard Health Care Index Fund (VHT) gained 0.1% while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) was up 0.1%.
Nurix Therapeutics (NRIX) stock was up more than 19% premarket after the company reported a narrower-than-expected fiscal Q2 net loss and higher revenue.
Industrial
Industrial Select Sector SPDR Fund (XLI) slipped by 0.03% while the Vanguard Industrials Index Fund (VIS) was flat and the iShares US Industrials ETF (IYJ) was inactive.
Delta Air Lines (DAL) stock was up more than 13% before the opening bell after the company reported higher-than-expected Q2 adjusted earnings and restored its full-year guidance.
Technology
Technology Select Sector SPDR Fund (XLK) advanced 0.2%, and the iShares US Technology ETF (IYW) was 0.2% higher, while the iShares Expanded Tech Sector ETF (IGM) was inactive. Among semiconductor ETFs, SPDR S&P Semiconductor ETF (XSD) was 0.2% higher, while the iShares Semiconductor ETF (SOXX) rose by 0.6%.
ASE Technology (ASX) shares were up 3% in recent premarket activity after the company said its June net revenue was 49.51 billion New Taiwan dollars ($1.66 billion), up 5.5% from a year earlier.
Energy
The iShares US Energy ETF (IYE) was down 0.7%, while the Energy Select Sector SPDR Fund (XLE) declined by 0.2%.
Genesis Energy (GEL) stock was down more than 1% before Thursday's opening bell after the company maintained its quarterly dividend at $0.165 per unit.
Financial
Financial Select Sector SPDR Fund (XLF) retreated 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.4%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.2% higher.
Commodities
Front-month US West Texas Intermediate crude oil advanced 1.2% to $67.54 per barrel on the New York Mercantile Exchange. Natural gas retreated 0.1% to $3.21 per 1 million British Thermal Units. United States Oil Fund (USO) was 0.7% lower, while the United States Natural Gas Fund (UNG) gained 0.8%.
Gold futures for August gained 0.3% to reach $3,332.10 an ounce on the Comex, while silver futures were up 0.9% at $36.69 an ounce. SPDR Gold Shares (GLD) advanced 0.1%, and the iShares Silver Trust (SLV) was 0.8% higher.