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 0.9% higher in Thursday's premarket activity amid Tesla's (TSLA) forecast-beating earnings and upbeat guidance.
US stock futures were mixed, with S&P 500 Index futures up 0.5%, Dow Jones Industrial Average futures slipping 0.1%, and Nasdaq futures gaining 0.9% before the start of regular trading.
The weekly jobless claims bulletin and the Chicago Fed National Activity Index for September will be released at 8:30 am ET.
October's S&P Global US PMI composite flash will be released at 9:45 am ET, followed by the September new home sales bulletin at 10 am ET.
The weekly EIA natural gas supplies report posts at 10:30 am ET, followed by the Kansas City Fed Manufacturing Index for October at 11 am ET.
Cleveland Federal Reserve President Beth Hammack is slated to speak at 8:45 am ET.
In premarket activity, bitcoin was up by 1.1% and the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1% higher.
Power Play:
Health Care
The Health Care Select Sector SPDR Fund (XLV) advanced 0.2%. The Vanguard Health Care Index Fund (VHT) gained 0.3% while the iShares US Healthcare ETF (IYH) and the iShares Biotechnology ETF (IBB) were inactive.
West Pharmaceutical Services (WST) shares were up 10% premarket after the company raised its fiscal 2024 guidance.
Winners and Losers:
Consumer
The Consumer Staples Select Sector SPDR Fund (XLP) was up 0.1%, while the Vanguard Consumer Staples Fund (VDC) was inactive. The iShares US Consumer Staples ETF (IYK) was inactive, and the Consumer Discretionary Select Sector SPDR Fund (XLY) gained 1.8%. The VanEck Retail ETF (RTH) was inactive, while the SPDR S&P Retail ETF (XRT) was up 0.3%.
Darling Ingredients (DAR) stock was down more than 7% pre-bell after the company reported lower Q3 earnings and net sales.
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.
United Parcel Service (UPS) stock rose more than 7% before the opening bell after the delivery service reported higher Q3 adjusted earnings and revenue.
Technology
Technology Select Sector SPDR Fund (XLK) increased 0.6%, and the iShares US Technology ETF (IYW) was flat, while the iShares Expanded Tech Sector ETF (IGM) was up 0.01%. Among semiconductor ETFs, SPDR S&P Semiconductor ETF (XSD) was flat, while the iShares Semiconductor ETF (SOXX) rose by 1.3%.
WEX (WEX) shares were down more than 5% in recent Thursday premarket activity after the company reported Q3 results that trailed analyst estimates and cut its full-year guidance.
Financial
Financial Select Sector SPDR Fund (XLF) advanced 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.8%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.9%.
KKR (KKR) shares were up 4.1% pre-bell Thursday after the company reported higher Q3 adjusted earnings and revenue.
Energy
The iShares US Energy ETF (IYE) was inactive, while the Energy Select Sector SPDR Fund (XLE) was up by 0.3%.
Expro Group (XPRO) shares were down 2.3% before Thursday's opening bell after the company posted Q3 adjusted earnings that trailed Capital IQ analysts' estimates and narrowed its 2024 revenue guidance.
Commodities
Front-month US West Texas Intermediate crude oil rose 1.1% to $71.57 per barrel on the New York Mercantile Exchange. Natural gas increased 1.8% to $2.38 per 1 million British Thermal Units. United States Oil Fund (USO) was up 0.7%, while the United States Natural Gas Fund (UNG) lost 0.1%.
Gold futures for December gained 0.7% to reach $2,748.80 an ounce on the Comex, while silver futures advanced 1.3% to $34.28 an ounce. SPDR Gold Shares (GLD) advanced 0.7%, and iShares Silver Trust (SLV) was 1.1% higher.
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