08:25 AM EST, 01/31/2025 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust ( SPY ) was up 0.5% and the actively traded Invesco QQQ Trust (QQQ) advanced 0.9% in Friday's premarket activity as traders anticipate upcoming economic reports due later in the day.

US stock futures were higher, with S&P 500 Index futures up 0.4%, Dow Jones Industrial Average futures advancing 0.3%, and Nasdaq futures gaining 0.8% before the start of regular trading.

The December personal consumption expenditures core price index and the Q4 employment cost index will be released at 8:30 am ET, followed by the Chicago PMI for January at 9:45 am ET.

The Baker Hughes domestic oil-and-gas rig count posts at 1 pm ET.

Federal Reserve Governor Michelle Bowman speaks at 8:30 am ET.

In premarket activity, bitcoin was down by 0.3% and the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.3% lower.

Power Play:

Technology

Technology Select Sector SPDR Fund (XLK) rose 1%, and the iShares US Technology ETF ( IYW ) was 1% higher, while the iShares Expanded Tech Sector ETF ( IGM ) was inactive. Among semiconductor ETFs, SPDR S&P Semiconductor ETF ( XSD ) was up 0.4%, while the iShares Semiconductor ETF (SOXX) advanced 0.8%.

AST SpaceMobile ( ASTS ) shares were up 6.5% in recent Friday premarket activity after the company said late Thursday it received a special temporary authority from the Federal Communications Commission authorizing the company's testing service in the US.

Winners and Losers:

Financial

Financial Select Sector SPDR Fund (XLF) advanced 0.3%. Direxion Daily Financial Bull 3X Shares ( FAS ) was up 0.8%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.8% lower.

Banco Santander Chile ( BSAC ) shares were down 4.3% pre-bell Friday after the company reported lower-than-expected Q4 net income.

Health Care

The Health Care Select Sector SPDR Fund ( XLV ) advanced 0.1%. The Vanguard Health Care Index Fund ( VHT ) was up 0.7% while the iShares US Healthcare ETF ( IYH ) was inactive. The iShares Biotechnology ETF (IBB) gained 0.7%.

Novartis ( NVS ) stock was up 2.2% premarket after the company reported higher Q4 core earnings and revenue.

Energy

The iShares US Energy ETF ( IYE ) was inactive, while the Energy Select Sector SPDR Fund ( XLE ) declined by 0.3%.

Dorian LPG ( LPG ) stock was down 2.1% before Friday's opening bell after the company reported lower fiscal Q3 adjusted earnings and revenue.

Industrial

Industrial Select Sector SPDR Fund ( XLI ) retreated 0.2% and the Vanguard Industrials Index Fund ( VIS ) was down 0.6%, while the iShares US Industrials ETF ( IYJ ) was inactive.

ArcBest ( ARCB ) stock was up 1.6% before the opening bell after the company reported lower Q4 non-GAAP earnings and revenue.

Consumer

The Consumer Staples Select Sector SPDR Fund ( XLP ) was down 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 0.3%. The VanEck Retail ETF ( RTH ) and the SPDR S&P Retail ETF ( XRT ) were inactive.

Colgate-Palmolive ( CL ) shares were down 1.6% pre-bell after the company reported lower Q4 net sales that trailed analyst estimates.

Commodities

Front-month US West Texas Intermediate crude oil declined 0.2% to $72.62 per barrel on the New York Mercantile Exchange. Natural gas fell 1% at $3.02 per 1 million British Thermal Units. United States Oil Fund ( USO ) lost 0.2%, while the United States Natural Gas Fund ( UNG ) fell 1.2%.

Gold futures for April were up 0.1% at $2,847.10 an ounce on the Comex, and silver futures gained 0.6% to reach $32.68 an ounce. SPDR Gold Shares ( GLD ) were up 0.4%, while the iShares Silver Trust ( SLV ) was 0.5% higher.