08:30 AM EDT, 06/03/2024 (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 0.8% higher in Monday's premarket activity, ahead of economic data due this week.

US stock futures were also higher, with S&P 500 Index futures up 0.3%, Dow Jones Industrial Average futures advancing marginally, and Nasdaq futures gaining 0.6% before the start of regular trading.

The S&P Global May PMI manufacturing final will be released at 9:45 am ET, followed by the ISM Manufacturing Index and the April construction spending index at 10 am ET.

In premarket action, bitcoin was up by 2.1% and the cryptocurrency fund ProShares Bitcoin Strategy ETF ( BITO ) was nearly 4% higher.

Power Play:

Consumer

The Consumer Staples Select Sector SPDR Fund ( XLP ) was up 0.1%, 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 0.6%. The VanEck Retail ETF ( RTH ) was inactive, while the SPDR S&P Retail ETF ( XRT ) was 2.5% higher.

GameStop ( GME ) 's share price traded up more than 75% in recent premarket activity Monday after trader Keith Gill posted on his Reddit account "Roaring Kitty" a screenshot showing five million shares bought at $21.27 each, amounting to an almost $116 million bet on the game retailer.

Winners and Losers:

Health Care

The Health Care Select Sector SPDR Fund ( XLV ) added 0.2%. The Vanguard Health Care Index Fund ( VHT ) was up 1% while the iShares US Healthcare ETF ( IYH ) was inactive. The iShares Biotechnology ETF ( IBB ) gained 0.3%.

GSK (GSK) shares were down more than 8% premarket Monday after a Delaware court ruled Friday that the company should face trials over allegations that its heartburn treatment Zantac causes cancer.

Financial

Financial Select Sector SPDR Fund ( XLF ) advanced 0.2%. Direxion Daily Financial Bull 3X Shares ( FAS ) was up 0.2%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.4% lower.

Fanhua ( FANH ) shares were down 2.8% pre-bell after the company said it signed an agreement with Baidu ( BIDU ) AI Cloud to develop an AI-supported insurance sales assistant.

Industrial

Industrial Select Sector SPDR Fund ( XLI ) advanced marginally and the Vanguard Industrials Index Fund ( VIS ) was up 1.8%, while the iShares US Industrials ETF ( IYJ ) was inactive.

Waste Management (WM) shares were down 1.5% before the opening bell after the company said it would buy Stericycle (SRCL) for about $7.20 billion, including $1.40 billion of Stericycle's net debt, the companies said Monday.

Technology

Technology Select Sector SPDR Fund ( XLK ) gained 0.6%, and the iShares US Technology ETF ( IYW ) was 0.3% higher, while the iShares Expanded Tech Sector ETF ( IGM ) was flat. Among semiconductor ETFs, SPDR S&P Semiconductor ETF ( XSD ) was down 3.2%, while the iShares Semiconductor ETF ( SOXX ) rose by 1.4%.

Nvidia ( NVDA ) shares rose 3.3% in recent Monday premarket activity after the company said Sunday it is now offering enterprise software support that will provide real-time AI computing for various uses and unveiled an RTX technology for AI assistants and digital humans on new GeForce RTX AI laptops.

Energy

The iShares US Energy ETF ( IYE ) was up 3.8%, while the Energy Select Sector SPDR Fund ( XLE ) was down by 0.1%.

Commodities

Front-month US West Texas Intermediate crude oil advanced 0.2% to $77.13 per barrel on the New York Mercantile Exchange. Natural gas was 4.6% higher at $2.71 per 1 million British Thermal Units. United States Oil Fund ( USO ) was down marginally, while the United States Natural Gas Fund ( UNG ) gained 6.3%.

Gold futures for August were up 0.2% to $2,351 an ounce on the Comex, while silver futures gained 0.4% to $30.57 an ounce. SPDR Gold Shares ( GLD ) advanced marginally by 0.04%, and iShares Silver Trust ( SLV ) was down 0.1%.