The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.5%, and the actively traded Invesco QQQ Trust (QQQ) was 0.7% lower in Monday's premarket activity as the US Supreme Court ruling renewed doubts around US trade deals.
US stock futures were also lower, with S&P 500 Index futures down 0.5%, Dow Jones Industrial Average futures slipping 0.5%, and Nasdaq futures retreating 0.6% before the start of regular trading.
The Chicago Fed National Activity Index rose to 0.18 in January from negative 0.21 in December, topping expectations, while the three-month average improved to negative 0.06, according to the Federal Reserve Bank of Chicago data released Monday.
The delayed factory orders report for December will be released at 10 am ET, followed by the Dallas Fed manufacturing survey for February at 10:30 am ET.
In premarket activity, bitcoin was down by 1.4%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.9% lower, Ether ETF (EETH) retreated by 2.4%, and Bitcoin & Ether Market Cap Weight ETF (BETH) fell by 4.5%.
Power Play:
Health Care
The State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.1%, the Vanguard Health Care Index Fund (VHT) gained 0.1%, while the iShares US Healthcare ETF (IYH) was flat. The iShares Biotechnology ETF (IBB) was 0.5% lower.
Arcellx (ACLX) stock was up more than 78% premarket after Gilead Sciences (GILD) said it will acquire Arcellx for $7.80 billion, expanding its CAR T-cell therapy offerings.
Winners and Losers:
Consumer
The State Street Consumer Staples Select Sector SPDR ETF (XLP) was marginally down by 0.01%, while the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was flat. The iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.7%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 0.7% lower.
Domino's Pizza (DPZ) shares were up more than 5% pre-bell after the company reported higher fiscal Q4 earnings and revenue.
Industrial
The State Street Industrial Select Sector SPDR ETF (XLI) retreated by 0.4%, the Vanguard Industrials Index Fund (VIS) was marginally down by 0.04%, and the iShares US Industrials ETF (IYJ) was inactive.
Fortune Brands Innovations (FBIN) stock was up more than 5% before the opening bell after The Wall Street Journal reported Sunday that the company is facing pressure from investor Ed Garden, who is pushing for leadership changes.
Technology
The State Street Technology Select Sector SPDR ETF (XLK) retreated 0.01%, and the iShares US Technology ETF (IYW) was 0.1% higher, while the iShares Expanded Tech Sector ETF (IGM) was down 0.1%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) gained 0.4%, while the iShares Semiconductor ETF (SOXX) fell by 0.9%.
CoreWeave (CRWV) shares were down more than 3% in recent premarket activity after Chief Strategy Officer Brian Venturo on Feb. 18 sold 281,250 of the company's shares for about $26.6 million.
Financial
The State Street Financial Select Sector SPDR ETF (XLF) retreated 0.6%. Direxion Daily Financial Bull 3X Shares (FAS) was down 1.8%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.6% higher.
NatWest Group (NWG) shares were down nearly 1% pre-bell after Bloomberg reported the company is in talks with investors to execute a significant risk transfer tied to 3.50 billion pounds ($4.73 billion) of commercial real estate loans.
Energy
The iShares US Energy ETF (IYE) gained 1.5%, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 0.1%.
Dominion Energy (D) stock was up nearly 1% before Monday's opening bell after the company reported higher Q4 non-GAAP earnings and operating revenue.
Commodities
Front-month US West Texas Intermediate crude oil gained 0.3% to reach $66.67 per barrel on the New York Mercantile Exchange. Natural gas rose 2.5% to $3.12 per 1 million British Thermal Units. The United States Oil Fund (USO) advanced by 0.4%, while the United States Natural Gas Fund (UNG) was 2.5% higher.
Gold futures for March were 2.1% higher at $5,185.30 an ounce on the Comex. Silver futures rose 5.6% to $87.62 an ounce. SPDR Gold Shares (GLD) gained by 1.1%, and the iShares Silver Trust (SLV) was 2.7% higher.