The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.03% and the actively traded Invesco QQQ Trust (QQQ) retreated 0.2% in Monday's premarket activity, as investors await crucial inflation data due this week.
US stock futures were mixed, with S&P 500 Index futures down 0.03%, Dow Jones Industrial Average futures gaining 0.02%, and Nasdaq futures losing 0.2% before the start of regular trading.
The wholesale inventories bulletin for October will be released at 10 am ET.
In premarket activity, bitcoin was down 1.6% and the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 3.1% lower.
Power Play:
Consumer
The Consumer Staples Select Sector SPDR Fund (XLP) was up 0.1%, while the Vanguard Consumer Staples Fund (VDC) was flat. The iShares US Consumer Staples ETF (IYK) was inactive, and the Consumer Discretionary Select Sector SPDR Fund (XLY) gained 0.5%. The VanEck Retail ETF (RTH) was inactive, while the SPDR S&P Retail ETF (XRT) advanced 0.1%.
Medirom Healthcare Technologies (MRM) shares were up more than 47% pre-bell after the company said its subsidiary Medirom Mother Labs has received orders for over 25,000 units of its smart tracker device, MOTHER Bracelet.
Winners and Losers:
Technology
Technology Select Sector SPDR Fund (XLK) retreated 0.3%, and the iShares US Technology ETF (IYW) was 0.3% lower, while the iShares Expanded Tech Sector ETF (IGM) was up 0.02%. Among semiconductor ETFs, SPDR S&P Semiconductor ETF (XSD) was inactive, while the iShares Semiconductor ETF (SOXX) fell by 0.7%.
Palantir Technologies (PLTR) shares were up more than 7% in recent Monday premarket activity after the company said it has agreed to a one-year, $36.8 million extension of its contract to deliver IT support and services to the US Special Operations Command.
Health Care
The Health Care Select Sector SPDR Fund (XLV) advanced 0.1%. The Vanguard Health Care Index Fund (VHT) was flat while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) was marginally higher by 0.04%.
Beam Therapeutics (BEAM) stock was up more than 6% premarket after the company said Sunday new data for its engineered stem cell antibody evasion conditioning platform showed that conditioning and in vivo selection with an anti-CD117 antibody allowed engraftment of base-edited hematopoietic stem cells in a non-human primate model.
Financial
Financial Select Sector SPDR Fund (XLF) advanced 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.4%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.7% lower.
Apollo Global Management (APO) shares were up nearly 6% pre-bell Monday after the company said it has teamed up with Santander (SAN) for a $370 million investment in infrastructure financing. Santander stock was up 0.6% premarket.
Energy
The iShares US Energy ETF (IYE) gained 0.02%, while the Energy Select Sector SPDR Fund (XLE) was up by 0.1%.
BP (BP) stock was up more than 4% before Monday's opening bell after the company and Japanese power generation company Jera said they are forming Jera Nex bp, a London-based joint venture to integrate their offshore wind businesses.
Industrial
Industrial Select Sector SPDR Fund (XLI) advanced 0.3% and the Vanguard Industrials Index Fund (VIS) was inactive, while the iShares US Industrials ETF (IYJ) rose 1.4%.
Bowman Consulting Group (BWMN) stock was up 2.5% before the opening bell after the company said that J. Ranck Electric chose the company to lead a 64-megawatt solar project in Southeast Michigan.
Commodities
Front-month US West Texas Intermediate crude oil fell 1.3% to $68.09 per barrel on the New York Mercantile Exchange. Natural gas rose 4.7% to $3.22 per 1 million British Thermal Units. United States Oil Fund (USO) advanced by 1.2%, while the United States Natural Gas Fund (UNG) advanced by 3.2%.
Gold futures for February advanced 0.7% to $2,677.90 an ounce on the Comex, while silver futures gained 2.2% to $32.28 an ounce. SPDR Gold Shares (GLD) increased by 1.7%, while the iShares Silver Trust (SLV) was 2.3% higher.
