The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.4% and the actively traded Invesco QQQ Trust (QQQ) was 0.4% higher in Friday's premarket activity, ahead of changes at the Federal Reserve Board as Stephen Miran is set to succeed Adriana Kugler.

US stock futures were also higher, with S&P 500 Index futures up 0.3%, Dow Jones Industrial Average futures advancing 0.3%, and Nasdaq futures gaining 0.3% before the start of regular trading.

The weekly Baker Hughes domestic oil-and-gas rig count will be released at 1 pm ET.

Federal Reserve St. Louis President Alberto Musalem speaks on Friday.

In premarket activity, bitcoin was down by 0.6%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.6% lower, Ether ETF (EETH) was up 1.1%, and the Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.

Power Play:

Technology

Technology Select Sector SPDR Fund (XLK) gained 0.5, and the iShares US Technology ETF (IYW) was 0.01% lower, while the iShares Expanded Tech Sector ETF (IGM) was up 0.1%. Among semiconductor ETFs, SPDR S&P Semiconductor ETF (XSD) advanced 0.3%, while the iShares Semiconductor ETF (SOXX) rose by 0.4%.

Viavi Solutions (VIAV) shares were up more than 20% in recent premarket activity after the company overnight reported higher fiscal Q4 non-GAAP earnings and revenue.

Winners and Losers:

Consumer

The Consumer Staples Select Sector SPDR Fund (XLP) was up 0.2%, while the Vanguard Consumer Staples Fund (VDC) was down 0.02% The iShares US Consumer Staples ETF (IYK) gained 0.03%, and the Consumer Discretionary Select Sector SPDR Fund (XLY) advanced 0.2%. The VanEck Retail ETF (RTH) was inactive, while the SPDR S&P Retail ETF (XRT) was 0.3% higher.

The Goodyear Tire & Rubber (GT) shares were down 8% pre-bell after the company reported a Q2 adjusted loss and lower revenue.

Financial

Financial Select Sector SPDR Fund (XLF) advanced 0.4%. Direxion Daily Financial Bull 3X Shares (FAS) was up 1.4%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.3% lower.

TeraWulf (WULF) shares were up more than 4% pre-bell Friday after the company reported higher Q2 revenue.

Health Care

The Health Care Select Sector SPDR Fund (XLV) advanced 0.5%. The Vanguard Health Care Index Fund (VHT) gained 0.1% while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) rose 1.2%.

Crinetics Pharmaceuticals (CRNX) stock was down more than 2% premarket after the company reported a wider Q2 loss.

Industrial

Industrial Select Sector SPDR Fund (XLI) advanced 0.4% while the Vanguard Industrials Index Fund (VIS) and the iShares US Industrials ETF (IYJ) were inactive.

Arcosa (ACA) stock was up more than 2% before the opening bell after the company reported higher Q2 adjusted earnings and revenue.

Energy

The iShares US Energy ETF (IYE) was inactive, while the Energy Select Sector SPDR Fund (XLE) was up by 0.6%.

Denison Mines (DNN) stock was up 1% before Friday's opening bell after the company swung to Q2 earnings.

Commodities

Front-month US West Texas Intermediate crude oil was up 0.6% at $64.25 per barrel on the New York Mercantile Exchange. Natural gas retreated 0.9% to $3.04 per 1 million British Thermal Units. The United States Oil Fund (USO) was 0.4% higher, while the United States Natural Gas Fund (UNG) fell 1.6%

Gold futures for December advanced 0.6% to $3,473.20 an ounce on the Comex, while silver futures were up 0.6% to $38.51 an ounce. SPDR Gold Shares (GLD) gained by 0.4%, and the iShares Silver Trust (SLV) was 0.1% higher.