08:46 AM EST, 11/07/2025 (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) was 0.4% lower in Friday's premarket activity as investors grow cautious over pricey tech valuations and a weak labor-market backdrop.

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

The University of Michigan consumer sentiment report for November will be released at 10 am ET, followed by the Baker Hughes oil-and-gas domestic rig count bulletin at 1 pm ET.

Governor Stephen Miran speaks at 3 pm ET.

In premarket activity, bitcoin was down by 0.8%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.8% lower, Ether ETF (EETH) fell 1.5%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was marginally lower by 0.01%.

Power Play:

Health Care

The Health Care Select Sector SPDR Fund ( XLV ) advanced 0.1%. The Vanguard Health Care Index Fund ( VHT ) was flat, while the iShares US Healthcare ETF ( IYH ) was inactive. The iShares Biotechnology ETF (IBB) was down 0.2%.

Globus Medical ( GMED ) stock was up more than 24% premarket after the company reported a surprise increase in Q3 non-GAAP earnings and stronger-than-expected growth in revenue late Thursday.

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 down 0.3%. Among semiconductor ETFs, SPDR S&P Semiconductor ETF (XSD) fell 1.5%, while the iShares Semiconductor ETF (SOXX) declined 1.2%.

JFrog ( FROG ) shares were up more than 23% in recent premarket activity after the company reported higher Q3 non-GAAP net income and revenue.

Industrial

Industrial Select Sector SPDR Fund ( XLI ) declined by 0.1%; the Vanguard Industrials Index Fund ( VIS ) was flat, while the iShares US Industrials ETF ( IYJ ) was down 0.1%.

Fluor (FLR) stock was up more than 7% before the opening bell after the company reported higher Q3 adjusted earnings.

Financial

Financial Select Sector SPDR Fund (XLF) retreated 0.1%. Direxion Daily Financial Bull 3X Shares ( FAS ) was down 0.5%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.3% higher.

Essent Group ( ESNT ) shares were down more than 4% pre-bell after the company reported Q3 earnings and revenue below expectations.

Energy

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

Mach Natural Resources ( MNR ) stock was up more than 1% before Friday's opening bell after the company reported higher Q3 revenue.

Consumer

The Consumer Staples Select Sector SPDR Fund ( XLP ) was up 0.2%, 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 0.1%. The VanEck Retail ETF ( RTH ) was inactive, while the SPDR S&P Retail ETF (XRT) was down 0.1%.

Honda Motor ( HMC ) shares were down more than 1% pre-bell after the company reported lower fiscal H1 earnings and revenue.

Commodities

Front-month US West Texas Intermediate crude oil advanced 1% to $60.05 per barrel on the New York Mercantile Exchange. Natural gas was down 0.7% at $4.33 per 1 million British Thermal Units. The United States Oil Fund ( USO ) gained by 0.8%, while the United States Natural Gas Fund ( UNG ) fell 1.7%.

Gold futures for December gained by 0.3% to reach $4,004.70 an ounce on the Comex, and silver futures were up 1.1% at $48.46 an ounce. SPDR Gold Shares ( GLD ) advanced by 0.4%, and the iShares Silver Trust ( SLV ) was 0.9% higher.