Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Monday as Tech Stocks Recover

MT Newswires Live21:17

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.6% and the actively traded Invesco QQQ Trust (QQQ) was 1.4% higher in Monday's premarket activity as technology shares recovered ahead of a busy earnings week.

US stock futures were mixed, with S&P 500 Index futures up 0.5%, Dow Jones Industrial Average futures slipping 0.2%, and Nasdaq futures gaining 1.2% before the start of regular trading.

The NAHB home builders index for October will be released at 10 am ET.

In premarket activity, bitcoin was up by 2.1%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.3% higher, Ether ETF (EETH) advanced 1.6%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.

Power Play:

Healthcare

The State Street Health Care Select Sector SPDR ETF (XLV) retreated 0.7%. The Vanguard Health Care Index Fund (VHT) and the iShares US Healthcare ETF (IYH) were inactive. The iShares Biotechnology ETF (IBB) was up 0.7%.

Disc Medicine (IRON) stock was up more than 40% after the company said its experimental therapy, bitopertin, met all primary and secondary endpoints in a phase 3 trial for erythropoietic protoporphyria.

Winners and Losers:

Industrial

The State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.1%, while the Vanguard Industrials Index Fund (VIS) and the iShares US Industrials ETF (IYJ) were inactive.

EquipmentShare.com (EQPT) stock was up more than 6% before the opening bell after the company raised its 2026 revenue guidance.

Technology

The State Street Technology Select Sector SPDR ETF (XLK) advanced 1.7%, the iShares US Technology ETF (IYW) was 1.8% higher, and the iShares Expanded Tech Sector ETF (IGM) was inactive. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was up 4.6%, while the iShares Semiconductor ETF (SOXX) rose by 3.5%.

AST SpaceMobile (ASTS) shares were up more than 3% in premarket activity after the company said it received a letter of intent from European mobile network operator partners to explore a potential joint bid for mobile satellite services.

Financial

The State Street Financial Select Sector SPDR ETF (XLF) retreated 0.4%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.1%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1.1% higher.

TOP Financial Group (TOP) shares were up 3% in early hours activity following a 1% gain in Friday's close. The company posted Friday its updated share capital configuration and free public float disclosure.

Energy

The iShares US Energy ETF (IYE) was down 0.9%, while the State Street Energy Select Sector SPDR ETF (XLE) retreated 0.9%.

Centrus Energy (LEU) stock was up more than 2% after the company said it acquired Westerman for about $116 million.

Consumer

The State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.8%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was inactive, and the iShares US Consumer Staples ETF (IYK) retreated 0.3%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.2%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was up 0.3%.

Silgan (SLGN) shares were up more than 1% pre-bell after the company said it plans to acquire Trivium Packaging in partnership with private equity firm American Industrial Partners in a deal with an enterprise value of $3.40 billion.

Commodities

Front-month US West Texas Intermediate crude oil retreated 0.6% to $100.80 per barrel on the New York Mercantile Exchange. Natural gas was up 1.1% at $3.15 per 1 million British Thermal Units. The United States Oil Fund (USO) decreased by 1%, while the United States Natural Gas Fund (UNG) was 0.3% higher.

Gold futures for November advanced by 0.1% to $4,183 an ounce on the Comex. Silver futures rose 0.8% to $57.74 an ounce. SPDR Gold Shares (GLD) was up 0.1%, and the iShares Silver Trust (SLV) increased 0.8%.

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