08:19 AM EDT, 08/29/2025 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust ( SPY ) was down 0.3% and the actively traded Invesco QQQ Trust (QQQ) retreated 0.5% in Friday's pre-bell activity, as investors await crucial inflation data.

US stock futures were also lower, with S&P 500 Index futures down 0.3%, Dow Jones Industrial Average futures slipping 0.3%, and Nasdaq futures declining 0.5% before the start of regular trading.

The July personal consumption expenditures-core inflation report, international trade in goods, retail inventories and wholesale inventories reports for July will be released at 8:30 am ET.

The Chicago PMI posts at 9:45 am ET, followed by the University of Michigan consumer sentiment report for August at 10 am ET.

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

In premarket action, bitcoin was down by 1.8%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.8% lower, Ether ETF (EETH) was down 2.2%, and Bitcoin & Ether Market Cap Weight ETF (BETH) slipped by 0.9%.

Power Play:

Financial

Financial Select Sector SPDR Fund (XLF) slipped nearly 0.1%. Direxion Daily Financial Bull 3X Shares ( FAS ) was down 0.2%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.2% higher.

Iren ( IREN ) shares were up more than 16% pre-bell after the company reported higher fiscal 2025 revenue.

Winners and Losers:

Technology

Technology Select Sector SPDR Fund (XLK) retreated 0.4%, and the iShares US Technology ETF ( IYW ) was 0.1% lower, while the iShares Expanded Tech Sector ETF ( IGM ) rose 5.8%. Among semiconductor ETFs, SPDR S&P Semiconductor ETF ( XSD ) was down 0.3%, while the iShares Semiconductor ETF (SOXX) fell by 1.3%.

Marvell Technology's ( MRVL ) shares were down more than 14% in recent premarket activity after the company reported in-line earnings per share and sales in fiscal Q2, while the bottom end of its Q3 EPS guidance missed market expectations.

Health Care

The Health Care Select Sector SPDR Fund ( XLV ) advanced 0.01%. The Vanguard Health Care Index Fund ( VHT ) was flat while the iShares US Healthcare ETF ( IYH ) and the iShares Biotechnology ETF (IBB) were inactive.

BeOne Medicines ( ONC ) stock was up more than 3% premarket after the company said its phase 1/2 study of sonrotoclax met the primary endpoint of overall response rate in adult patients with relapsed/refractory mantle cell lymphoma, or MCL, after treatment with a Bruton's tyrosine kinase inhibitor and anti-CD20 therapy.

Consumer

The Consumer Staples Select Sector SPDR Fund ( XLP ) gained marginally by 0.02%, 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 ) lost 0.3%. The VanEck Retail ETF ( RTH ) and the SPDR S&P Retail ETF ( XRT ) were inactive.

Alibaba Group ( BABA ) shares were up more than 3% pre-bell after the company reported higher-than-expected fiscal Q1 non-GAAP earnings.

Industrial

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

Energy

The iShares US Energy ETF ( IYE ) was inactive, while the Energy Select Sector SPDR Fund ( XLE ) was down by 0.1%.

Commodities

Front-month US West Texas Intermediate crude oil was down 0.3% to $64.39 per barrel on the New York Mercantile Exchange. Natural gas advanced 0.9% to $2.97 per 1 million British Thermal Units. United States Oil Fund ( USO ) advanced by 0.2%, while the United States Natural Gas Fund ( UNG ) was 0.2% higher.

Gold futures for December declined 0.2% to $3,468 an ounce on the Comex, while silver futures were down 0.5% to $39.49 an ounce. SPDR Gold Shares ( GLD ) retreated 0.3%, and the iShares Silver Trust ( SLV ) was 0.8% lower.