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Exchange-Traded Funds, Equity Futures Lower Pre-Bell Monday Ahead of Jackson Hole Fed Meeting
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Exchange-Traded Funds, Equity Futures Lower Pre-Bell Monday Ahead of Jackson Hole Fed Meeting
Aug 18, 2025 6:08 AM

08:49 AM EDT, 08/18/2025 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust ( SPY ) was down 0.1% and the actively traded Invesco QQQ Trust (QQQ) retreated 0.2% in Monday's premarket activity, ahead of the Jackson Hole Federal Reserve meeting and Jerome Powell's speech on Friday.

US stock futures were mixed, with S&P 500 Index futures down 0.1%, Dow Jones Industrial Average futures slipping 0.1%, and Nasdaq futures retreating 0.2% before the start of regular trading.

The NAHB Housing Market Index for August will be released at 10 am ET.

In premarket action, bitcoin was down by 2.2%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.5% lower, Ether ETF (EETH) was down 2.9%, and Bitcoin & Ether Market Cap Weight ETF (BETH) fell 1.1%.

Power Play:

Technology

Technology Select Sector SPDR Fund (XLK) retreated 0.2%, and the iShares US Technology ETF ( IYW ) was 0.03% higher, while the iShares Expanded Tech Sector ETF ( IGM ) was down 0.6%. Among semiconductor ETFs, SPDR S&P Semiconductor ETF ( XSD ) was flat, while the iShares Semiconductor ETF (SOXX) declined by 0.4%.

Dayforce ( DAY ) shares were up more than 27% in recent premarket activity after Bloomberg News reported the company is being considered for takeover by tech-focused private equity firm Thoma Bravo.

Winners and Losers:

Consumer

The Consumer Staples Select Sector SPDR Fund ( XLP ) was down 0.02%, while the Vanguard Consumer Staples Fund (VDC) fell 1%. The iShares US Consumer Staples ETF ( IYK ) was flat, and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) lost 0.1%. The VanEck Retail ETF ( RTH ) and the SPDR S&P Retail ETF ( XRT ) were inactive.

Soho House ( SHCO ) shares were up more than 16% pre-bell after the company said it has signed agreements to be taken private by an investor group led by MCR Hotels and its chief executive, Tyler Morse, in a deal representing a total enterprise value of roughly $2.7 billion.

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.

Freightos ( CRGO ) stock was up more than 13% before the opening bell after the company reported higher Q2 revenue.

Financial

Financial Select Sector SPDR Fund (XLF) retreated 0.2%. Direxion Daily Financial Bull 3X Shares ( FAS ) was down 0.4%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.4% higher.

TeraWulf ( WULF ) share were up by more than 11% after the company said it intends to offer $400 million of convertible senior notes due 2031 in a private offering.

Health Care

The Health Care Select Sector SPDR Fund ( XLV ) advanced 0.2%. The Vanguard Health Care Index Fund ( VHT ) was up 0.1%, while the iShares US Healthcare ETF ( IYH ) slipped 0.02%. The iShares Biotechnology ETF (IBB) gained 0.1%.

Novo Nordisk ( NVO ) shares were up by more than 4% premarket after the company said Friday the US Food and Drug Administration approved a new indication for semaglutide to treat adults with metabolic-dysfunction-associated steatohepatitis with moderate to advanced liver fibrosis, without cirrhosis.

Energy

The iShares US Energy ETF ( IYE ) was inactive, while the Energy Select Sector SPDR Fund ( XLE ) was up by 0.04%.

enCore Energy (EU) stock was up more than 1% before Monday's opening bell after the company said it has expanded its Alta Mesa Uranium project with a purchase of 5,900 acres of land.

Commodities

Front-month US West Texas Intermediate crude oil was down 0.4% to $63.07 per barrel on the New York Mercantile Exchange. Natural gas retreated 3.3% to $2.82 per 1 million British Thermal Units. United States Oil Fund ( USO ) declined 0.1%, while the United States Natural Gas Fund ( UNG ) fell 2.9%

Gold futures for December gained 0.3% to $3,391.90 an ounce on the Comex, while silver futures were down 0.5% to $38.65 an ounce. SPDR Gold Shares ( GLD ) advanced 0.3%, and the iShares Silver Trust ( SLV ) was 0.3% higher.

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