The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.3% and the actively traded Invesco QQQ Trust (QQQ) advanced 0.3% in Friday's premarket activity as investors refocus on economic data for clues to inflation.
US stock futures were also higher, with S&P 500 Index futures up 0.2%, Dow Jones Industrial Average futures advancing 0.2%, and Nasdaq futures gaining 0.2% before the start of regular trading.
The ISM manufacturing index for December will be released at 10 am ET, followed by the weekly EIA natural gas bulletin at 10:30 am ET.
The weekly Baker Hughes oil-and-gas domestic rig count posts at 1 pm ET.
Federal Reserve Richmond President Thomas Barkin speaks at 11 am ET, and San Francisco President Mary Daly at 5:30 pm ET.
In premarket activity, bitcoin was down by 0.6% and the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.6% lower.
Power Play:
Industrial
Industrial Select Sector SPDR Fund (XLI) advanced 0.2% while the Vanguard Industrials Index Fund (VIS) and the iShares US Industrials ETF (IYJ) were inactive.
SuperCom (SPCB) stock was up more than 3% before the opening bell after the company said Thursday it had secured two new contracts with unnamed agencies in Kentucky to deploy its public safety technologies.
Winners and Losers:
Health Care
The Health Care Select Sector SPDR Fund (XLV) advanced 0.1%. The Vanguard Health Care Index Fund (VHT) retreated 0.1% while the iShares US Healthcare ETF (IYH) was flat. The iShares Biotechnology ETF (IBB) was inactive.
The Pennant Group (PNTG) stock was down 2% premarket Friday, continuing from the prior session's 0.2% loss at closing. The company said Thursday it closed the purchase of certain Signature Healthcare at Home assets in Oregon.
Consumer
The Consumer Staples Select Sector SPDR Fund (XLP) was flat, while the Vanguard Consumer Staples Fund (VDC) was up 0.2%. The iShares US Consumer Staples ETF (IYK) was inactive, and the Consumer Discretionary Select Sector SPDR Fund (XLY) gained 0.1%. The VanEck Retail ETF (RTH) was inactive, while the SPDR S&P Retail ETF (XRT) was down 1.1%.
Carvana (CVNA) shares were down nearly 4% pre-bell after short-seller Hindenburg Research said in a report Thursday that Carvana shored up its numbers through "related-party accounting games" while its market was falling.
Energy
The iShares US Energy ETF (IYE) was inactive, while the Energy Select Sector SPDR Fund (XLE) was up by 0.2%.
MRC Global (MRC) stock was up 3% before Friday's opening bell after the company said its board approved a $125 million stock buyback plan that will likely start in Q2.
Technology
Technology Select Sector SPDR Fund (XLK) gained 0.3%, and the iShares US Technology ETF (IYW) was marginally higher by 0.04%, while the iShares Expanded Tech Sector ETF (IGM) was up 0.6%. Among semiconductor ETFs, SPDR S&P Semiconductor ETF (XSD) was inactive, while the iShares Semiconductor ETF (SOXX) rose by 0.6%.
Roadzen (RDZN) shares were up nearly 2% in recent Friday premarket activity after the company said it priced an offering of 2.2 million shares at $2.25 per share for gross proceeds of about $5 million.
Financial
Financial Select Sector SPDR Fund (XLF) advanced 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.7%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.5% lower.
Discover Financial Services (DFS) shares were up 1% pre-bell Friday after Deutsche Bank and Wells Fargo lifted their price targets on the company to $202 from $167, and to $185 from $160, respectively.
Commodities
Front-month US West Texas Intermediate crude oil retreated 0.3% to $72.94 per barrel on the New York Mercantile Exchange. Natural gas fell 5% to $3.48 per 1 million British Thermal Units. United States Oil Fund (USO) was down 0.1%, while the United States Natural Gas Fund (UNG) was 4.9% lower.
Gold futures for February were marginally higher by 0.02% at $2,669.60 an ounce on the Comex, while silver futures rose nearly 1% to $30.19 an ounce. SPDR Gold Shares (GLD) slipped by 0.1%, while the iShares Silver Trust (SLV) advanced 0.7%.
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