08:59 AM EDT, 10/28/2025 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust ( SPY ) was up 0.1% and the actively traded Invesco QQQ Trust (QQQ) was 0.2% higher in Tuesday's premarket activity, ahead of the Federal Reserve's two-day policy meeting.

US stock futures were also higher, with S&P 500 Index futures up 0.1%, Dow Jones Industrial Average futures advancing 0.3%, and Nasdaq futures gaining 0.1% before the start of regular trading.

The Federal Reserve's monetary policy committee begins on Tuesday, with a decision due Wednesday.

The Case-Shiller Home Price Index and the Federal Housing Finance Agency House Price Index, both for August, will be released at 9 am ET.

The Conference Board's consumer confidence report for October will be released at 10 am ET, along with the Richmond Fed manufacturing index for the same month.

In premarket activity, bitcoin was down by 0.3%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.4% lower, Ether ETF (EETH) was down 1.9%, and Bitcoin & Ether Market Cap Weight ETF (BETH) retreated 0.1%.

Power Play:

Energy

The iShares US Energy ETF ( IYE ) was down 0.6%, while the Energy Select Sector SPDR Fund ( XLE ) was 0.5% lower.

Cameco ( CCJ ) stock was up more than 15% before Tuesday's opening bell after the company and Brookfield Asset Management ( BAM ) said they have entered a $80 billion partnership with the US government to build new Westinghouse Electric nuclear reactors across the US. Brookfield shares were up more than 6%.

Winners and Losers:

Financial

Financial Select Sector SPDR Fund (XLF) was flat. Direxion Daily Financial Bull 3X Shares ( FAS ) was up 0.03%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.1% higher.

PayPal ( PYPL ) shares were up more than 14% pre-bell after the company reported higher Q3 non-GAAP earnings and revenue.

Technology

Technology Select Sector SPDR Fund (XLK) retreated 0.04%, and the iShares US Technology ETF ( IYW ) was 0.2% higher, while the iShares Expanded Tech Sector ETF ( IGM ) was up 0.1%. Among semiconductor ETFs, SPDR S&P Semiconductor ETF ( XSD ) gained 0.1%, while the iShares Semiconductor ETF (SOXX) was down by 0.1%.

Skyworks Solutions ( SWKS ) shares were up more than 12%, while Qorvo ( QRVO ) stock rose more than 13% in recent premarket activity Tuesday after the companies agreed to combine in a cash-and-stock deal that values the combined enterprise at about $22 billion.

Consumer

The Consumer Staples Select Sector SPDR Fund ( XLP ) was down 0.1%, while the Vanguard Consumer Staples Fund (VDC) was flat. The iShares US Consumer Staples ETF ( IYK ) was inactive, and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) lost 0.2%. The VanEck Retail ETF ( RTH ) was inactive, while the SPDR S&P Retail ETF ( XRT ) was 0.9% higher.

Royal Caribbean Group (RCL) shares were down more than 7% pre-bell after the company reported lower-than-expected Q3 revenue.

Health Care

The Health Care Select Sector SPDR Fund ( XLV ) advanced 0.2%. The Vanguard Health Care Index Fund ( VHT ) was up 0.1%, the iShares US Healthcare ETF ( IYH ) gained 0.02%, and the iShares Biotechnology ETF (IBB) was 0.2% higher.

UnitedHealth Group ( UNH ) stock was up more than 3% premarket after the company reported higher Q3 revenue and lifted its 2025 adjusted EPS.

Industrial

Industrial Select Sector SPDR Fund ( XLI ) advanced 0.1%, while the Vanguard Industrials Index Fund ( VIS ) was inactive. The iShares US Industrials ETF ( IYJ ) was nearly 1% higher.

Carrier Global ( CARR ) stock was up nearly 2% before the opening bell after the company reported better-than-expected Q3 adjusted earnings and revenue.

Commodities

Front-month US West Texas Intermediate crude oil retreated 1.4% to $60.43 per barrel on the New York Mercantile Exchange. Natural gas was down 3.4% at $3.33 per 1 million British Thermal Units. The United States Oil Fund ( USO ) declined by 1.6%, while the United States Natural Gas Fund ( UNG ) was 2.7% lower.

Gold futures for December fell by 1.9% to $3,943.00 an ounce on the Comex, while silver futures lost 0.6% to reach $46.50 an ounce. SPDR Gold Shares ( GLD ) was down 1.6%, and the iShares Silver Trust ( SLV ) declined by 0.8%.