08:26 AM EST, 12/12/2024 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust ( SPY ) was down 0.1% and the actively traded Invesco QQQ Trust (QQQ) retreated 0.3% in Thursday's premarket activity as traders pull back from a busy previous day in anticipation of more inflation data due later.

US stock futures were also lower, with S&P 500 Index futures down 0.2%, Dow Jones Industrial Average futures slipping 0.1%, and Nasdaq futures losing 0.3% before the start of regular trading.

The producer price index bulletin and the weekly jobless claims report will be released at 8:30 am ET, followed by the Q3 services survey at 10 am ET.

The weekly EIA natural gas release posts at 10:30 am ET.

In premarket activity, bitcoin was down by 0.7% and the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.6% lower.

Power Play:

Health Care

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

Keros Therapeutics ( KROS ) stock was down more than 70% premarket after the company said that it voluntarily halted dosing in the 3 mg/kg and 4.5 mg/kg treatment arms of its phase 2 TROPOS trial of cibotercept in combination with background therapy in patients with pulmonary arterial hypertension.

Winners and Losers:

Technology

Technology Select Sector SPDR Fund (XLK) retreated 0.6%, and the iShares US Technology ETF ( IYW ) was 0.1% lower, while the iShares Expanded Tech Sector ETF ( IGM ) was inactive. Among semiconductor ETFs, SPDR S&P Semiconductor ETF ( XSD ) was inactive, while the iShares Semiconductor ETF (SOXX) declined by 0.3%.

Adobe's (ADBE) shares were down more than 11% in premarket activity Thursday after the company overnight reported a year-over-year increase in fiscal Q4 earnings and sales but guided for lower-than-expected fiscal Q1 revenue.

Consumer

The Consumer Staples Select Sector SPDR Fund ( XLP ) was up 0.2%, while the Vanguard Consumer Staples Fund (VDC) gained 0.7%. 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 ) was inactive, while the SPDR S&P Retail ETF ( XRT ) was flat.

Interactive Strength ( TRNR ) shares were up more than 9% pre-bell after the company said it signed a letter of intent to acquire a connected-fitness equipment business and expects the deal to close in Q1.

Energy

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

PHX Minerals ( PHX ) stock was up more than 7% before Thursday's opening bell after the company said that its board launched a strategic review process to explore options for maximizing shareholder value, including a potential merger or sale.

Industrial

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

Nordson ( NDSN ) stock was down more than 5% before the opening bell after the precision technology company issued a downbeat fiscal Q1 outlook while its results in the prior three-month period topped market estimates.

Financial

Financial Select Sector SPDR Fund (XLF) declined marginally by 0.02%. Direxion Daily Financial Bull 3X Shares ( FAS ) was down 0.3%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.2% higher.

Nomura Holdings ( NMR ) shares were down 1.8% pre-bell Thursday, while Morgan Stanley ( MS ) stock rose marginally after Bloomberg News reported that the companies are about to roll out a foreign exchange market facility in India.

Commodities

Front-month US West Texas Intermediate crude oil advanced 0.1% to $70.36 per barrel on the New York Mercantile Exchange. Natural gas retreated nearly 0.1% to $3.38 per 1 million British Thermal Units. United States Oil Fund ( USO ) gained 0.1%, while the United States Natural Gas Fund ( UNG ) was 1.5% lower.

Gold futures for February declined by 0.5% to $2,742.70 an ounce on the Comex, while silver futures decreased by 0.5% to $32.81 an ounce. SPDR Gold Shares ( GLD ) retreated by 0.4%, while the iShares Silver Trust ( SLV ) was marginally lower by 0.03%.