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Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Thursday as Earnings Season Continues
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Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Thursday as Earnings Season Continues
Jan 30, 2025 5:46 AM

08:16 AM EST, 01/30/2025 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust ( SPY ) was up 0.2% and the actively traded Invesco QQQ Trust (QQQ) advanced 0.4% in Thursday's premarket activity amid mixed corporate earnings reports.

US stock futures were mixed, with S&P 500 Index futures up 0.2%, Dow Jones Industrial Average futures slipping 0.1%, and Nasdaq futures gaining 0.4% before the start of regular trading.

The advance estimate for the Q4 gross domestic product and the weekly jobless claims bulletin will be released at 8:30 am ET.

The National Association of Realtors pending home sales index for December is due at 10 am ET, followed by the weekly EIA natural-gas supplies report at 10:30 am ET.

In premarket activity, bitcoin was up by 0.8% and the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.8% higher.

Power Play:

Health Care

The Health Care Select Sector SPDR Fund ( XLV ) advanced 0.3%. The Vanguard Health Care Index Fund ( VHT ) was up 0.5% while the iShares US Healthcare ETF ( IYH ) was inactive. The iShares Biotechnology ETF (IBB) was flat.

Cigna Group ( CI ) stock was down 9.7% premarket after the company reported lower Q4 adjusted earnings that trailed analysts' estimates.

Winners and Losers:

Technology

Technology Select Sector SPDR Fund (XLK) retreated 0.1%, and the iShares US Technology ETF ( IYW ) slipped 0.1%, while the iShares Expanded Tech Sector ETF ( IGM ) was flat. Among semiconductor ETFs, SPDR S&P Semiconductor ETF ( XSD ) was inactive, while the iShares Semiconductor ETF (SOXX) rose by 1.3%.

Dynatrace ( DT ) shares were up 8.5% in recent Thursday premarket activity after the company reported higher fiscal Q3 non-GAAP earnings and revenue in addition to lifting its fiscal 2025 guidance.

Financial

Financial Select Sector SPDR Fund (XLF) advanced 0.7%. Direxion Daily Financial Bull 3X Shares ( FAS ) was up 2.2%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 2% lower.

Lazard ( LAZ ) shares were up 8% pre-bell Thursday after the company reported higher Q4 adjusted net income and net revenue.

Industrial

Industrial Select Sector SPDR Fund ( XLI ) advanced 0.6%, and the Vanguard Industrials Index Fund ( VIS ) was up 1.3%, while the iShares US Industrials ETF ( IYJ ) was inactive.

Caterpillar ( CAT ) stock was down 3.4% before the opening bell after the company reported lower Q4 adjusted earnings and revenue.

Consumer

The Consumer Staples Select Sector SPDR Fund ( XLP ) was up 0.2%, 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 0.8%. The VanEck Retail ETF ( RTH ) was inactive, while the SPDR S&P Retail ETF ( XRT ) was 0.3% higher.

PulteGroup ( PHM ) shares were up 3.4% pre-bell after the company said its board had approved a $1.50 billion increase to its stock buyback plan.

Energy

The iShares US Energy ETF ( IYE ) retreated 0.04%, while the Energy Select Sector SPDR Fund ( XLE ) was up by 0.1%.

Murphy Oil ( MUR ) stock was down 2% before Thursday's opening bell after the company reported lower Q4 adjusted earnings and revenue.

Commodities

Front-month US West Texas Intermediate crude oil declined 0.2% to $72.46 per barrel on the New York Mercantile Exchange. Natural gas gained 0.6% to reach $3.19 per 1 million British Thermal Units. United States Oil Fund ( USO ) lost 0.5%, while the United States Natural Gas Fund ( UNG ) advanced 1.3%.

Gold futures for April were up 0.9% at $2,818.50 an ounce on the Comex, and silver futures rose 1.9% to $31.98 an ounce. SPDR Gold Shares ( GLD ) were up 0.8%, while the iShares Silver Trust ( SLV ) was 1% higher.

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