08:29 AM EST, 11/11/2024 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust ( SPY ) was up 0.4% and the actively traded Invesco QQQ Trust (QQQ) was 0.5% higher in Monday's premarket activity, as investors await the next inflation report due later this week.

US stock futures were also higher, with S&P 500 Index futures up 0.4%, Dow Jones Industrial Average futures advancing 0.5%, and Nasdaq futures gaining 0.4% before the start of regular trading.

In premarket action, bitcoin was up by 4.3% and the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 7.6% higher.

Power Play:

Technology

Technology Select Sector SPDR Fund (XLK) gained marginally by 0.04%, and the iShares US Technology ETF ( IYW ) was 0.4% higher, while the iShares Expanded Tech Sector ETF ( IGM ) was down 1%. Among semiconductor ETFs, SPDR S&P Semiconductor ETF ( XSD ) was inactive, while the iShares Semiconductor ETF (SOXX) fell by 0.5%.

Sapiens International ( SPNS ) shares were down more than 21% in recent Monday premarket activity after the company reported lower-than-expected Q3 revenue and cut its outlook for 2024 non-GAAP revenue.

Winners and Losers:

Health Care

The Health Care Select Sector SPDR Fund ( XLV ) advanced 0.2%. The Vanguard Health Care Index Fund ( VHT ) was up 0.3% while the iShares US Healthcare ETF ( IYH ) gained 0.6%. The iShares Biotechnology ETF (IBB) was 0.5% higher

RadNet ( RDNT ) stock was up +20% premarket after the company reported higher Q3 adjusted earnings and revenue.

Industrial

Industrial Select Sector SPDR Fund ( XLI ) advanced 0.4% while the Vanguard Industrials Index Fund ( VIS ) and the iShares US Industrials ETF ( IYJ ) were inactive.

Aramark ( ARMK ) stock was up nearly 3% before the opening bell after the company reported higher fiscal Q4 adjusted earnings and revenue.

Financial

Financial Select Sector SPDR Fund (XLF) advanced 1%. Direxion Daily Financial Bull 3X Shares ( FAS ) was up 3%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 2.7% lower.

Deutsche Bank ( DB ) shares were up 1.8% pre-bell Monday after the Financial Times reported that the company fired 111 senior managers in its retail and private wealth business.

Consumer

The Consumer Staples Select Sector SPDR Fund ( XLP ) was up 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 ) gained 1.5%. The VanEck Retail ETF ( RTH ) was inactive, while the SPDR S&P Retail ETF ( XRT ) was flat.

Stellantis ( STLA ) shares were up 1.3% pre-bell after the company struck an offtake agreement under which Novonix ( NVX ) will supply a minimum of 86,250 tons of synthetic graphite material, with a target volume of up to 115,000 tons. Novonix ( NVX ) was up 13%.

Energy

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

Commodities

Front-month US West Texas Intermediate crude oil fell 2.2% to $68.83 per barrel on the New York Mercantile Exchange. Natural gas rose 7% to $2.86 per 1 million British Thermal Units. United States Oil Fund ( USO ) was down 2.3%, while the United States Natural Gas Fund ( UNG ) was up 8%.

Gold futures for December declined 1% to $2,667.20 an ounce on the Comex, while silver futures retreated 0.4% to $31.34 an ounce. SPDR Gold Shares ( GLD ) declined by 1.1%, and iShares Silver Trust ( SLV ) fell by 0.7%.