09:02 AM EST, 12/30/2024 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust ( SPY ) was down 1.3% and the actively traded Invesco QQQ Trust (QQQ) retreated 1.5% in Monday's premarket activity, as the tech-driven market gains faltered at year-end.

US stock futures were also lower, with S&P 500 Index futures down 1.2%, Dow Jones Industrial Average futures slipping nearly 1%, and Nasdaq futures losing 1.4% before the start of regular trading.

The monthly Chicago Business Barometer or PMI will be released at 9:45 am ET, followed by the monthly National Association of Realtors' Pending Home Sales index at 10 am ET.

The Dallas Fed Manufacturing Survey releases at 10:30 am ET.

In premarket action, bitcoin was marginally lower by 0.01% and the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 2.3% lower.

Power Play:

Consumer

The Consumer Staples Select Sector SPDR Fund ( XLP ) was down 0.2%, while the Vanguard Consumer Staples Fund (VDC) was flat. The iShares US Consumer Staples ETF ( IYK ) retreated 0.1%, and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) lost 0.3%. The VanEck Retail ETF ( RTH ) was inactive, while the SPDR S&P Retail ETF ( XRT ) was up 0.4%.

Faraday Future Intelligent Electric ( FFIE ) shares were up more than 25% pre-bell after the company said that the first delivery of its FF 91 2.0 Futurist Alliance electric vehicle is slated for January to an entrepreneur.

Winners and Losers:

Technology

Technology Select Sector SPDR Fund (XLK) retreated 1.4%, and the iShares US Technology ETF ( IYW ) was down 1.7%, while the iShares Expanded Tech Sector ETF ( IGM ) was down 1.3%. Among semiconductor ETFs, SPDR S&P Semiconductor ETF ( XSD ) retreated 0.6%, while the iShares Semiconductor ETF (SOXX) fell by 0.5%.

Aurora Mobile ( JG ) shares were up more than 16% in recent Monday premarket activity after the company said that its board has authorized a stock buyback plan of up to $5 million of the company's ordinary shares through 12 months, beginning Jan. 1.

Industrial

Industrial Select Sector SPDR Fund ( XLI ) declined 1.1%, the Vanguard Industrials Index Fund ( VIS ) gained 0.6%, and the iShares US Industrials ETF ( IYJ ) was down 0.9%.

Boeing ( BA ) shares were down nearly 4% pre-bell following the crash over the weekend of a 737-800 jet operated by South Korea's Jeju Air, killing all passengers and four out of six crew members.

Financial

Financial Select Sector SPDR Fund (XLF) declined by 1%. Direxion Daily Financial Bull 3X Shares ( FAS ) was down 3.3%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 3.4% higher.

Robinhood Markets ( HOOD ) shares were down 3.4% pre-bell Monday, extending the loss of 3.3% from Friday's close. According to a Friday US Securities and Exchange filing, the company's Chief Legal Officer Daniel Martin Gallagher Jr. sold 300,000 Robinhood shares for roughly $11.3 million.

Health Care

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

IDEAYA Biosciences ( IDYA ) stock was down 1.7% premarket. The company said Sunday it has entered into an exclusive licensing agreement with Jiangsu Hengrui Pharmaceuticals for its experimental cancer drug, SHR-4849.

Energy

The iShares US Energy ETF ( IYE ) was up 0.4%, while the Energy Select Sector SPDR Fund ( XLE ) was up by 0.1%.

Comstock Resources ( CRK ) stock was up more than 4% before Monday's opening bell, after gaining 2.6% ion Friday. A Comstock filing on Friday showed that Director Elizabeth Davis sold 16,149 shares for $274,134 on Dec. 24.

Commodities

Front-month US West Texas Intermediate crude oil advanced 0.3% to $70.81 per barrel on the New York Mercantile Exchange. Natural gas rose more than 16% to $3.95 per 1 million British Thermal Units. United States Oil Fund ( USO ) was up 0.5%, while the United States Natural Gas Fund ( UNG ) was more than 15% higher.

Gold futures for February were up 0.2% at $2,635.90 an ounce on the Comex, while silver futures advanced 0.1% to $29.99 an ounce. SPDR Gold Shares ( GLD ) increased 0.04%, while the iShares Silver Trust ( SLV ) was 0.2% higher.