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Exchange-Traded Funds, Equity Futures Edge Higher Pre-Bell Monday Amid Hopes of Smoother Canada Relations
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Exchange-Traded Funds, Equity Futures Edge Higher Pre-Bell Monday Amid Hopes of Smoother Canada Relations
Jun 30, 2025 6:09 AM

08:45 AM EDT, 06/30/2025 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust ( SPY ) was up 0.5% and the actively traded Invesco QQQ Trust (QQQ) advanced 0.7% in Monday's premarket activity amid hopes of smoother trade relations with Canada.

US stock futures were mixed, with S&P 500 Index futures up 0.4%, Dow Jones Industrial Average futures slipping 0.5%, and Nasdaq futures gaining 0.7% before the start of regular trading.

The Chicago Purchasing Managers' Index is due at 9:45 am ET, followed by the Dallas Fed manufacturing survey at 10:30 am ET.

Atlanta Fed President Raphael Bostic is scheduled to speak at 10 am ET, while Chicago Fed President Austan Goolsbee speaks at 1 pm ET.

In premarket activity, bitcoin was up by 0.5% and the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.9% higher.

Power Play:

Technology

Technology Select Sector SPDR Fund (XLK) advanced 0.8%, and the iShares US Technology ETF ( IYW ) was 1% higher, while the iShares Expanded Tech Sector ETF ( IGM ) was up 0.2%. Among semiconductor ETFs, SPDR S&P Semiconductor ETF ( XSD ) was inactive, while the iShares Semiconductor ETF (SOXX) rose by 0.7%.

Juniper Networks ( JNPR ) shares were up more than 8% in recent Monday premarket activity, while Hewlett Packard Enterprise ( HPE ) stock was more than 11% higher after the companies said Saturday they have reached a deal with the US Department of Justice to resolve an antitrust lawsuit against Hewlett Packard's ( HPE ) $14 billion proposed takeover of Juniper.

Winners and Losers:

Health Care

The Health Care Select Sector SPDR Fund ( XLV ) advanced 0.2%. The Vanguard Health Care Index Fund ( VHT ) advanced marginally by 0.01% while the iShares US Healthcare ETF ( IYH ) was flat. The iShares Biotechnology ETF (IBB) was inactive.

Moderna ( MRNA ) stock was up more than 48% premarket after the company said that results from a phase 3 study demonstrated the "superior relative vaccine efficacy" of its mRNA-1010 seasonal influenza vaccine candidate compared with a licensed standard-dose seasonal influenza vaccine in adults aged at least 50 years old.

Consumer

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

ATRenew ( RERE ) shares were up 2.9% pre-bell after the company said its board has approved a share buyback plan of up to $50 million over 12 months.

Financial

Financial Select Sector SPDR Fund (XLF) advanced 0.6%. Direxion Daily Financial Bull 3X Shares ( FAS ) was up 1.5%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 1.3% lower.

Goldman Sachs ( GS ) shares were up 2.8% pre-bell Monday after the Wall Street Journal reported Sunday that the company scrapped plans to launch a Mediterranean hotel brand after selling three seaside resorts in northern Greece this spring, barely breaking even on its 100 million euro ($117.1 million) investment.

Energy

The iShares US Energy ETF ( IYE ) was up 1.2%, while the Energy Select Sector SPDR Fund ( XLE ) was up by 0.1%.

W&T Offshore ( WTI ) stock was up 2% before Monday's opening bell after the company said that US Magistrate Judge Dena Palermo recommended denying motions by two surety companies for a preliminary injunction asking the company to post collateral of more than $100 million.

Industrial

Industrial Select Sector SPDR Fund ( XLI ) retreated 0.1% while the Vanguard Industrials Index Fund ( VIS ) slipped 0.1% and the iShares US Industrials ETF ( IYJ ) was inactive.

GE Vernova ( GEV ) stock was up more than 1% before the opening bell after Bloomberg News reported Saturday that the company is considering selling its Proficy industrial software unit, which could be valued as high as $1 billion.

Commodities

Front-month US West Texas Intermediate crude oil retreated 0.3% to $65.33 per barrel on the New York Mercantile Exchange. Natural gas fell 4.3% to $3.58 per 1 million British Thermal Units. United States Oil Fund ( USO ) was 0.4% higher, while the United States Natural Gas Fund ( UNG ) declined by 4%.

Gold futures for August advanced 0.03% to $3,288.70 an ounce on the Comex, while silver futures were down 0.7% to $36.11 an ounce. SPDR Gold Shares ( GLD ) fell 0.4%, and the iShares Silver Trust ( SLV ) was 0.1% higher.

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