08:07 AM EDT, 10/23/2025 (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) was 0.2% lower in Thursday's premarket activity amid a surge in oil prices and ongoing trade tensions.

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

The Chicago Fed National Activity Index for September, originally scheduled to be released at 8:30 am ET, will be delayed.

The weekly EIA natural-gas supplies bulletin will be released at 10:30 am ET, followed by the Kansas City Fed Manufacturing Index for October at 11 am ET.

Federal Reserve Vice Chair Michelle Bowman and Governor Michael Barr are slated to speak on Thursday.

In premarket activity, bitcoin was up by 1.5%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.7% higher, Ether ETF (EETH) rose 1.9%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was 0.01% lower.

Power Play:

Health Care

The Health Care Select Sector SPDR Fund ( XLV ) declined 0.1%. The Vanguard Health Care Index Fund ( VHT ) was marginally up by 0.01%, while the iShares US Healthcare ETF ( IYH ) and the iShares Biotechnology ETF (IBB) were inactive.

West Pharmaceutical Services ( WST ) stock was up more than 8% premarket after the company reported higher Q3 non-GAAP earnings and net sales.

Winners and Losers:

Technology

Technology Select Sector SPDR Fund (XLK) retreated 0.3%, and the iShares US Technology ETF ( IYW ) was inactive, while the iShares Expanded Tech Sector ETF ( IGM ) was flat. Among semiconductor ETFs, SPDR S&P Semiconductor ETF ( XSD ) was up 0.6%, while the iShares Semiconductor ETF (SOXX) was down by 0.5%.

Nokia ( NOK ) shares were up more than 7% in recent premarket activity after the company reported higher Q3 net sales.

Financial

Financial Select Sector SPDR Fund (XLF) advanced 0.1%. Direxion Daily Financial Bull 3X Shares ( FAS ) was up 0.4%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.2% lower.

TransUnion ( TRU ) shares were up more than 4% pre-bell after the company reported higher Q3 adjusted earnings and revenue.

Industrial

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

Honeywell International ( HON ) stock was up more than 4% before the opening bell after the company reported higher Q3 adjusted earnings and net sales.

Consumer

The Consumer Staples Select Sector SPDR Fund ( XLP ) was down 0.1%, 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 0.5%. The VanEck Retail ETF ( RTH ) and the SPDR S&P Retail ETF ( XRT ) were inactive.

Hasbro ( HAS ) shares were up more than 2% pre-bell after the company reported higher Q3 net revenue.

Energy

The iShares US Energy ETF ( IYE ) was flat, while the Energy Select Sector SPDR Fund ( XLE ) was up by 1.8%.

Valero Energy ( VLO ) stock was up more than 2% before Thursday's opening bell after the company reported higher-than-expected Q3 adjusted earnings and revenue.

Commodities

Front-month US West Texas Intermediate crude oil rose nearly 6% to $62 per barrel on the New York Mercantile Exchange. Natural gas up 0.3% at $3.46 per 1 million British Thermal Units. The United States Oil Fund ( USO ) rose 3.7%, while the United States Natural Gas Fund ( UNG ) was 0.6% higher.

Gold futures for December advanced by 1.5% to reach $4,126.90 an ounce on the Comex, while silver futures rose by 2.5% to $48.88 an ounce. SPDR Gold Shares ( GLD ) was up 0.2%, and the iShares Silver Trust ( SLV ) was 1.9% higher.