08:35 AM EDT, 04/29/2024 (MT Newswires) -- 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) was 0.4% higher in Monday's premarket activity, ahead of a week with earnings, an inflation report, and the US Federal Reserve policy statement.

US stock futures were also higher, with S&P 500 Index futures up 0.2%, Dow Jones Industrial Average futures slipping 0.1%, and Nasdaq futures gaining 0.2% before the start of regular trading.

The Dallas Fed Manufacturing Survey for April will be released at 10:30 am ET.

In premarket action, bitcoin was down by 2.2% and the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 2.4% lower.

Power Play:

Health Care

The Health Care Select Sector SPDR Fund (XLV) retreated 0.1%. The Vanguard Health Care Index Fund (VHT) advanced 0.5%, while the iShares US Healthcare ETF (IYH) gained marginally by 0.02%. The iShares Biotechnology ETF (IBB) was inactive.

Royal Philips (PHG) was up more than 42% premarket after the company reported higher year-over-year Q1 adjusted income and said it resolved a $1.1 billion settlement in a class-action lawsuit in the US over its Respironics devices.

Winners and Losers:

Consumer

The Consumer Staples Select Sector SPDR Fund (XLP) advanced 0.1%, while the Vanguard Consumer Staples Fund (VDC) retreated 0.1%. The iShares US Consumer Staples ETF (IYK) was inactive, and the Consumer Discretionary Select Sector SPDR Fund (XLY) gained nearly 2%. The VanEck Retail ETF (RTH) was inactive, while the SPDR S&P Retail ETF (XRT) edged up 0.04%.

Tesla (TSLA) traded up more than 10% pre-bell after news outlets reported that the EV maker has reached an agreement with search engine Baidu ( BIDU ) to allow it to deploy its automated driving system in China.

Financial

Financial Select Sector SPDR Fund (XLF) was flat. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.04%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.1% lower.

Deutsche Bank ( DB ) was down nearly 8% pre-bell Monday, a day after the company said it would "carefully assess" options to potentially settle the litigation related to its Postbank acquisition.

Technology

Technology Select Sector SPDR Fund (XLK) gained 0.3%, and the iShares US Technology ETF (IYW) was 0.1% lower, while the iShares Expanded Tech Sector ETF (IGM) was inactive. Among semiconductor ETFs, SPDR S&P Semiconductor ETF (XSD) was inactive, while the iShares Semiconductor ETF (SOXX) rose by 0.1%.

Apple ( AAPL ) was up 2.6% in recent Monday premarket activity after Bernstein upgraded the company to outperform from market perform. Additionally, the European Commission said on Monday the operating system for iPads is now designated as a gatekeeper under the EU's Digital Markets Act.

Industrial

Industrial Select Sector SPDR Fund (XLI) advanced 0.02% and the Vanguard Industrials Index Fund (VIS) was inactive, while the iShares US Industrials ETF (IYJ) was inactive.

BHP Group ( BHP ) retreated nearly 1% before the opening bell after Reuters reported the company is considering a revised offer for Anglo American after its initial all-stock offer worth $39 billion was rejected on Friday.

Energy

The iShares US Energy ETF (IYE) was up 0.6%, while the Energy Select Sector SPDR Fund (XLE) was up by nearly 0.1%.

Commodities

Front-month US West Texas Intermediate crude oil retreated 0.04 to $83.82 per barrel on the New York Mercantile Exchange. Natural gas advanced by 0.5% to $1.93 per 1 million British Thermal Units. United States Oil Fund (USO) was 0.1% higher, while the United States Natural Gas Fund (UNG) was up 0.3%.

Gold futures for June gained 0.1% to $2,348.30 an ounce on the Comex, and silver futures were up by 0.3% to $27.63 an ounce. SPDR Gold Shares (GLD) retreated 0.2%, and iShares Silver Trust (SLV) was 0.4% higher.