08:27 AM EST, 01/07/2025 (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) advanced marginally by 0.01% in Tuesday's premarket activity as traders mull Nvidia's ( NVDA ) plans for new artificial intelligence products.

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

November's international trade in goods and services bulletin will be released at 8:30 am ET, followed by the ISM Services Index final for December at 10 am ET.

In premarket activity, bitcoin was down by 1.4% and the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.3% lower.

Power Play:

Health Care

The Health Care Select Sector SPDR Fund ( XLV ) retreated marginally by 0.01%. The Vanguard Health Care Index Fund ( VHT ) , the iShares US Healthcare ETF ( IYH ) , and the iShares Biotechnology ETF (IBB) were inactive.

Inari Medical ( NARI ) stock was up more than 21% premarket after Stryker (SYK) said late Monday that it had agreed to acquire Inari for a fully diluted equity value of about $4.90 billion. Stryker shares were down 1.8% pre-bell.

Winners and Losers:

Technology

Technology Select Sector SPDR Fund (XLK) advanced 0.1%, and the iShares US Technology ETF ( IYW ) was 0.1% higher, while the iShares Expanded Tech Sector ETF ( IGM ) was flat. Among semiconductor ETFs, SPDR S&P Semiconductor ETF ( XSD ) gained 0.1%, while the iShares Semiconductor ETF (SOXX) rose by 0.7%.

Nvidia ( NVDA ) shares were up 2.5% in recent Tuesday premarket activity after the company's Chief Executive Jensen Huang delivered a keynote on Monday outlining the company's artificial intelligence plans. The company announced new partnerships and products including an AI superchip and new GeForce RTX 50 Series GPUs powered by the Blackwell architecture.

Consumer

The Consumer Staples Select Sector SPDR Fund ( XLP ) was up 0.1%, while the Vanguard Consumer Staples Fund (VDC) advanced 1.3%. The iShares US Consumer Staples ETF ( IYK ) was inactive, and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) lost 0.3%. The VanEck Retail ETF ( RTH ) was inactive, while the SPDR S&P Retail ETF ( XRT ) was flat.

Toyota Motor ( TM ) shares were up 2% pre-bell after Japanese startup Interstellar Technologies said Toyota's ( TM ) research unit Woven will invest about 7 billion yen ($44.4 million) to support mass production of Interstellar's rockets.

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.

GFL Environmental ( GFL ) stock was up 2% before the opening bell after the company said it had signed a deal with funds managed by Apollo Global Management (APO) and BC Partners to sell its environmental services operations for about $5.59 billion in enterprise value.

Financial

Financial Select Sector SPDR Fund (XLF) advanced 0.2%. Direxion Daily Financial Bull 3X Shares ( FAS ) was up 0.5%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.3% lower.

F&G Annuities & Life ( FG ) shares were down 1.3% pre-bell Tuesday after closing the prior session with a 2.1% fall. The company said Monday it priced a $375 million public offering of 7.3% junior subordinated notes due 2065.

Energy

The iShares US Energy ETF ( IYE ) was inactive, while the Energy Select Sector SPDR Fund ( XLE ) was up by 0.6%.

Exxon Mobil ( XOM ) stock was up 0.7% before Tuesday's opening bell, reversing the 0.1% loss in the previous session. Multiple media outlets reported Tuesday that Exxon filed a lawsuit against California Attorney General Robert Bonta and several environmental groups on Monday, claiming that they defamed and disparaged the company's plastics recycling initiatives.

Commodities

Front-month US West Texas Intermediate crude oil gained 0.7% to reach $74.08 per barrel on the New York Mercantile Exchange. Natural gas fell 1.8% to $3.61 per 1 million British Thermal Units. United States Oil Fund ( USO ) was up 0.8%, while the United States Natural Gas Fund ( UNG ) was down 2.3%.

Gold futures for February were up 0.5% at $2,661.60 an ounce on the Comex, while silver futures rose 0.9% to $30.86 an ounce. SPDR Gold Shares ( GLD ) advanced 0.6%, while the iShares Silver Trust ( SLV ) was 1.2% higher.