08:37 AM EDT, 05/14/2025 (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 0.4% in Wednesday's premarket activity, buoyed by positive developments in the US-China trade relationship and softer inflation data.

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

Data released Tuesday by the Bureau of Labor Statistics showed the US seasonally adjusted consumer price index rebounded by 0.2% in April from March's 0.1% decline, below expectations for a 0.3% increase in a survey compiled by Bloomberg.

US mortgage applications edged up 1.1% last week as purchase activity increased despite a modest rise in interest rates, Mortgage Bankers Association data showed Wednesday.

The weekly EIA petroleum status report will be released at 10:30 am ET.

Fed Vice Chair Philip Jefferson speaks at 9:10 am ET, while San Francisco Fed President Mary Daly is slated to speak at 5:40 pm ET.

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

Power Play:

Industrial

Industrial Select Sector SPDR Fund ( XLI ) was flat, while the Vanguard Industrials Index Fund ( VIS ) and the iShares US Industrials ETF ( IYJ ) were inactive.

DevvStream ( DEVS ) stock was up more than 46% before the opening bell after the company signed a memorandum of understanding with Fayafi Investment Holding of the United Arab Emirates to explore creating a venture to support investment in decarbonization and climate infrastructure projects.

Winners and Losers:

Technology

Technology Select Sector SPDR Fund (XLK) advanced 0.5%, and the iShares US Technology ETF ( IYW ) was 0.8% higher, while the iShares Expanded Tech Sector ETF ( IGM ) was up 0.6%. Among semiconductor ETFs, SPDR S&P Semiconductor ETF ( XSD ) was down 5%, while the iShares Semiconductor ETF (SOXX) rose by 0.9%.

Sony ( SONY ) shares were up more than 5% in recent Wednesday premarket activity after the company reported higher fiscal Q4 net income.

Financial

Financial Select Sector SPDR Fund (XLF) slipped 0.04%. Direxion Daily Financial Bull 3X Shares ( FAS ) was down 0.3%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.4% higher.

Nu (NU) shares were down more than 4% pre-bell Wednesday after the company posted lower-than-expected Q1 earnings late Tuesday.

Consumer

The Consumer Staples Select Sector SPDR Fund ( XLP ) was down 0.3%, while the Vanguard Consumer Staples Fund (VDC) retreated 0.6%. The iShares US Consumer Staples ETF ( IYK ) was flat, and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) gained 0.3%. The VanEck Retail ETF ( RTH ) was inactive, while the SPDR S&P Retail ETF ( XRT ) lost 0.7%.

LuxExperience (LUXE) shares were up more than 4% pre-bell after the company reported higher fiscal Q3 sales.

Health Care

The Health Care Select Sector SPDR Fund ( XLV ) advanced 0.4%. The Vanguard Health Care Index Fund ( VHT ) gained 0.7%, while the iShares US Healthcare ETF ( IYH ) was inactive. The iShares Biotechnology ETF (IBB) was flat.

GSK (GSK) stock was up 1.3% premarket after the company agreed to acquire Boston Pharmaceuticals' investigational steatotic liver disease treatment efimosfermin alfa for up to $2 billion in cash.

Energy

The iShares US Energy ETF ( IYE ) was inactive, while the Energy Select Sector SPDR Fund ( XLE ) was flat.

TotalEnergies SE ( TTE ) stock was down 1% before Wednesday's opening bell after the company said early Wednesday it signed a deal under which a Norwegian investment company, HitecVision, has agreed to purchase 50% of Polska Grupa Biogazowa for an enterprise value of 190 million euros ($211.7 million).

Commodities

Front-month US West Texas Intermediate crude oil retreated 1.1% to $62.99 per barrel on the New York Mercantile Exchange. Natural gas fell 2.3% to $3.56 per 1 million British Thermal Units. United States Oil Fund ( USO ) was down 1.1%, while the United States Natural Gas Fund ( UNG ) was 1.4% lower.

Gold futures for June lost 0.8% to reach $3,222.10 an ounce on the Comex, while silver futures retreated 0.2% to $33.02 an ounce. SPDR Gold Shares ( GLD ) fell 1.1%, and the iShares Silver Trust ( SLV ) was 0.9% lower.