The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.2% and the actively traded Invesco QQQ Trust (QQQ) was 0.1% higher in Monday's premarket activity as investors await key inflation data and President Trump's meeting with Russia's Vladimir Putin later in the week.
US stock futures were mixed, with S&P 500 Index futures up 0.01%, Dow Jones Industrial Average futures slipping 0.1%, and Nasdaq futures gaining 0.1% before the start of regular trading.
In premarket activity, bitcoin was up by 1.7%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 3.6% higher, Ether ETF (EETH) rose 3.5%, and Bitcoin & Ether Market Cap Weight ETF (BETH) increased by 3.8%.
Power Play:
Industrial
Industrial Select Sector SPDR Fund (XLI) advanced 0.1% while the Vanguard Industrials Index Fund (VIS) and the iShares US Industrials ETF (IYJ) were inactive.
AAON (AAON) stock was down more than 20% before the opening bell after the company reported lower Q2 non-GAAP net income 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 flat. The iShares US Consumer Staples ETF (IYK) gained 0.6%, and the Consumer Discretionary Select Sector SPDR Fund (XLY) advanced 0.4%. The VanEck Retail ETF (RTH) and the SPDR S&P Retail ETF (XRT) were inactive.
NWTN (NWTN) shares were up more than 9% pre-bell after the company said it has signed an agreement with Pakistan's JW, giving it exclusive access to an auto assembly plant in Lahore and a network of over 400 sales outlets across the country.
Health Care
The Health Care Select Sector SPDR Fund (XLV) advanced 0.3%. The Vanguard Health Care Index Fund (VHT) was up 1.6% while the iShares US Healthcare ETF (IYH) was inactive The iShares Biotechnology ETF (IBB) was 0.4% higher.
RadNet (RDNT) stock was up more than 8% premarket after the company reported higher Q2 adjusted earnings and revenue.
Technology
Technology Select Sector SPDR Fund (XLK) retreated 0.1%, and the iShares US Technology ETF (IYW) was 0.2% lower, while the iShares Expanded Tech Sector ETF (IGM) was flat. Among semiconductor ETFs, SPDR S&P Semiconductor ETF (XSD) declined by 0.4%, while the iShares Semiconductor ETF (SOXX) retreated by 0.1%.
Zeo Energy (ZEO) shares were up more than 6% in recent premarket activity after the company said it completed its purchase of Heliogen, a provider of clean energy technology.
Energy
The iShares US Energy ETF (IYE) was flat, while the Energy Select Sector SPDR Fund (XLE) was up by 0.4%.
Excelerate Energy (EE) stock was up more than 6% before Monday's opening bell after the company reported higher Q2 adjusted earnings and revenue.
Financial
Financial Select Sector SPDR Fund (XLF) advanced 0.3%. 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.
Western Union (WU) shares were up nearly 1% pre-bell Monday, while International Money Express (IMXI) stock was over 61% higher after the companies said Sunday that Western Union has agreed to acquire International Money in an all-cash deal worth about $500 million.
Commodities
Front-month US West Texas Intermediate crude oil was up 0.4% at $64.15 per barrel on the New York Mercantile Exchange. Natural gas retreated 2% to $2.93 per 1 million British Thermal Units. United States Oil Fund (USO) was nearly 1% higher, while the United States Natural Gas Fund (UNG) fell 1.8%
Gold futures for December retreated 2.4% to $3,407.30 an ounce on the Comex, while silver futures were down nearly 2% at $37.78 an ounce. SPDR Gold Shares (GLD) declined by 1.2%, and the iShares Silver Trust (SLV) was 1.6% lower.
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