08:23 AM EST, 01/03/2025 (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) advanced 0.3% in Friday's premarket activity as investors refocus on economic data for clues to inflation.

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

The ISM manufacturing index for December will be released at 10 am ET, followed by the weekly EIA natural gas bulletin at 10:30 am ET.

The weekly Baker Hughes oil-and-gas domestic rig count posts at 1 pm ET.

Federal Reserve Richmond President Thomas Barkin speaks at 11 am ET, and San Francisco President Mary Daly at 5:30 pm ET.

In premarket activity, bitcoin was down by 0.6% and the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.6% lower.

Power Play:

Industrial

Industrial Select Sector SPDR Fund ( XLI ) advanced 0.2% while the Vanguard Industrials Index Fund ( VIS ) and the iShares US Industrials ETF ( IYJ ) were inactive.

SuperCom ( SPCB ) stock was up more than 3% before the opening bell after the company said Thursday it had secured two new contracts with unnamed agencies in Kentucky to deploy its public safety technologies.

Winners and Losers:

Health Care

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

The Pennant Group ( PNTG ) stock was down 2% premarket Friday, continuing from the prior session's 0.2% loss at closing. The company said Thursday it closed the purchase of certain Signature Healthcare at Home assets in Oregon.

Consumer

The Consumer Staples Select Sector SPDR Fund ( XLP ) was flat, while the Vanguard Consumer Staples Fund (VDC) was up 0.2%. The iShares US Consumer Staples ETF ( IYK ) was inactive, and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) gained 0.1%. The VanEck Retail ETF ( RTH ) was inactive, while the SPDR S&P Retail ETF ( XRT ) was down 1.1%.

Carvana ( CVNA ) shares were down nearly 4% pre-bell after short-seller Hindenburg Research said in a report Thursday that Carvana ( CVNA ) shored up its numbers through "related-party accounting games" while its market was falling.

Energy

The iShares US Energy ETF ( IYE ) was inactive, while the Energy Select Sector SPDR Fund ( XLE ) was up by 0.2%.

MRC Global ( MRC ) stock was up 3% before Friday's opening bell after the company said its board approved a $125 million stock buyback plan that will likely start in Q2.

Technology

Technology Select Sector SPDR Fund (XLK) gained 0.3%, and the iShares US Technology ETF ( IYW ) was marginally higher by 0.04%, while the iShares Expanded Tech Sector ETF ( IGM ) was up 0.6%. Among semiconductor ETFs, SPDR S&P Semiconductor ETF ( XSD ) was inactive, while the iShares Semiconductor ETF (SOXX) rose by 0.6%.

Roadzen ( RDZN ) shares were up nearly 2% in recent Friday premarket activity after the company said it priced an offering of 2.2 million shares at $2.25 per share for gross proceeds of about $5 million.

Financial

Financial Select Sector SPDR Fund (XLF) advanced 0.2%. Direxion Daily Financial Bull 3X Shares ( FAS ) was up 0.7%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.5% lower.

Discover Financial Services ( DFS ) shares were up 1% pre-bell Friday after Deutsche Bank and Wells Fargo lifted their price targets on the company to $202 from $167, and to $185 from $160, respectively.

Commodities

Front-month US West Texas Intermediate crude oil retreated 0.3% to $72.94 per barrel on the New York Mercantile Exchange. Natural gas fell 5% to $3.48 per 1 million British Thermal Units. United States Oil Fund ( USO ) was down 0.1%, while the United States Natural Gas Fund ( UNG ) was 4.9% lower.

Gold futures for February were marginally higher by 0.02% at $2,669.60 an ounce on the Comex, while silver futures rose nearly 1% to $30.19 an ounce. SPDR Gold Shares ( GLD ) slipped by 0.1%, while the iShares Silver Trust ( SLV ) advanced 0.7%.