The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.5% and the actively traded Invesco QQQ Trust (QQQ) was 0.7% higher in Monday's premarket activity, amid renewed confidence in technology stocks.

US stock futures were also higher, with S&P 500 Index futures up 0.4%, Dow Jones Industrial Average futures slipping 0.1%, and Nasdaq futures gaining 0.6% before the start of regular trading.

The Chicago Fed's National Activity Index came in at negative 0.21 in September, compared with negative 0.31 in August and the consensus forecast of minus 0.17.

In premarket activity, bitcoin was up by 2.2%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 2.4% higher, Ether ETF (EETH) advanced 2.2%, and Bitcoin & Ether Market Cap Weight ETF (BETH) gained 3.1%.

Power Play:

Health Care

The State Street Health Care Select Sector SPDR ETF (XLV) retreated by 0.1%. The Vanguard Health Care Index Fund (VHT) was up 0.4%, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) gained 0.3%.

Abivax (ABVX) stock was up more than 11% premarket after La Lettre reported that Eli Lilly (LLY) has entered early discussions with French authorities to explore a possible acquisition of the biotech firm. Eli Lilly stock gained by 0.3%.

Winners and Losers:

Technology

The State Street Technology Select Sector SPDR ETF (XLK) advanced 0.8%, and the iShares US Technology ETF (IYW) was 0.7% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 1%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) gained 0.2%, while the iShares Semiconductor ETF (SOXX) rose by 1.8%.

Clearwater Analytics (CWAN) shares were up more than 8% in recent premarket activity as the software-as-a-service company agreed to be acquired and taken private by an investor group led by Permira and Warburg Pincus in a deal worth about $8.40 billion.

Industrial

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

Rocket Lab (RKLB) stock was up more than 4% before the opening bell after the company said Sunday it successfully launched an Electron rocket to deploy a satellite for the Institute for Q-shu Pioneers of Space, a Japan-based Earth imaging company.

Energy

The iShares US Energy ETF (IYE) was up 0.5%, while the State Street Energy Select Sector SPDR ETF (XLE) advanced by 0.8%.

Helix Energy Solutions (HLX) stock was up more than 3% before Monday's opening bell after the company said it was awarded a multi-year contract for riserless plug and abandonment operations on up to 34 subsea wells in the UK North Sea by a "major operator."

Financial

The State Street Financial Select Sector SPDR ETF (XLF) advanced 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.7%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.4% lower.

Robinhood Markets (HOOD) shares were up more than 2% pre-bell Monday after Morgan Stanley lifted its price target to $147 from $146 while maintaining its equalweight rating.

Consumer

The State Street Consumer Staples Select Sector SPDR ETF (XLP) was flat, while the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was up 0.1%. The iShares US Consumer Staples ETF (IYK) gained 0.5%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advanced 0.4%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) increased marginally by 0.01%.

Ollie's Bargain Outlet (OLLI) shares were up nearly 2% pre-bell after Loop Capital upgraded the company's stock to buy from hold and lifted its price target to $135 from $130.

Commodities

Front-month US West Texas Intermediate crude oil was up 2.2% at $57.78 per barrel on the New York Mercantile Exchange. Natural gas gained 2.5% to reach $4.08 per 1 million British Thermal Units. The United States Oil Fund (USO) rose by 2.1%, while the United States Natural Gas Fund (UNG) advanced by 0.7%.

Gold futures for February advanced by 1.6% to $4,457.80 an ounce on the Comex, and silver futures rose by 2.6% to $69.23 an ounce. SPDR Gold Shares (GLD) was up 1.9%, and the iShares Silver Trust (SLV) was 2.7% higher.