08:31 AM EDT, 05/05/2025 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust ( SPY ) was down 0.7% and the actively traded Invesco QQQ Trust (QQQ) retreated 0.9% in Monday's premarket activity as investors braced for this week's highly anticipated Fed rate decision.

US stock futures were also lower, with S&P 500 Index futures down 0.7%, Dow Jones Industrial Average futures slipping 0.6%, and Nasdaq futures losing 0.9% before the start of regular trading.

The S&P Global PMI composite final index for April will be released at 9:45 am ET, followed by the ISM Services index, also for April, at 10 am ET.

In premarket activity, bitcoin was down by 1.4% and the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 2.9% lower.

Power Play:

Health Care

The Health Care Select Sector SPDR Fund ( XLV ) retreated 0.4%. The Vanguard Health Care Index Fund ( VHT ) was down 0.5% while the iShares US Healthcare ETF ( IYH ) gained 0.3%. The iShares Biotechnology ETF (IBB) was inactive.

Recursion Pharmaceuticals ( RXRX ) stock was down 3.5% premarket after the company reported a wider Q1 net loss.

Winners and Losers:

Energy

The iShares US Energy ETF ( IYE ) was inactive, while the Energy Select Sector SPDR Fund ( XLE ) was down by 1.2%.

Sunoco ( SUN ) stock was down 3% before Monday's opening bell after the company said it agreed to buy Parkland for about $9.10 billion in cash, equity, and assumed debt.

Consumer

The Consumer Staples Select Sector SPDR Fund ( XLP ) and the Vanguard Consumer Staples Fund (VDC) were flat. The iShares US Consumer Staples ETF ( IYK ) was inactive, and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) lost 0.7%. The VanEck Retail ETF ( RTH ) was inactive, while the SPDR S&P Retail ETF ( XRT ) was up 0.1%.

Freshpet ( FRPT ) shares were down 2.2% pre-bell after the company swung to a Q1 loss.

Financial

Financial Select Sector SPDR Fund (XLF) fell by 0.9%. Direxion Daily Financial Bull 3X Shares ( FAS ) was down 2.7%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 2.5% higher.

Berkshire Hathaway ( BRK/A ) (BRK.A, BRK.B) shares were down 2.1% pre-bell Monday after closing Friday with a 1.8% gain. Chairman and Chief Executive Warren Buffett said Saturday he is stepping down.

Industrial

Industrial Select Sector SPDR Fund ( XLI ) lost 0.3% while the Vanguard Industrials Index Fund ( VIS ) was flat and the iShares US Industrials ETF ( IYJ ) was inactive.

JBT Marel ( JBTM ) stock was up 1.7% before the opening bell after the company reported higher-than-expected Q1 adjusted earnings and revenue.

Technology

Technology Select Sector SPDR Fund (XLK) retreated 1.1%, and the iShares US Technology ETF ( IYW ) was 0.3% lower, while the iShares Expanded Tech Sector ETF ( IGM ) was down 0.8%. Among semiconductor ETFs, SPDR S&P Semiconductor ETF ( XSD ) fell 0.9%, while the iShares Semiconductor ETF (SOXX) declined 1.1%.

FiscalNote ( NOTE ) shares were down 1.7% in recent Monday premarket activity after a more than 5% rise at Friday's close. The company said it agreed to sell its Australian subsidiary TimeBase to Thomson Reuters ( TMSOF ) for $6.5 million.

Commodities

Front-month US West Texas Intermediate crude oil fell 1.4% to $57.46 per barrel on the New York Mercantile Exchange. Natural gas rose 3% to $3.74 per 1 million British Thermal Units. United States Oil Fund ( USO ) was down by 1.9%, while the United States Natural Gas Fund ( UNG ) was 1.5% higher.

Gold futures for June were up 2.4% at $3,321.20 an ounce on the Comex, while silver futures advanced 1.1% to $32.60 an ounce. SPDR Gold Shares ( GLD ) rose 2.5%, and the iShares Silver Trust ( SLV ) was 1.1% higher.