08:23 AM EDT, 05/06/2025 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust ( SPY ) was down 0.6% and the actively traded Invesco QQQ Trust (QQQ) retreated 0.9% in Tuesday's premarket activity, ahead of the US Federal Reserve's two-day policy session starting later in the day.

US stock futures were also lower, with S&P 500 Index futures down 0.5%, Dow Jones Industrial Average futures slipping 0.4%, and Nasdaq futures losing 0.8% before the start of regular trading.

March's international trade in goods and services report will be released at 8:30 am ET.

In premarket activity, bitcoin was down by 0.3% and the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.3% lower.

Power Play:

Financial

Financial Select Sector SPDR Fund (XLF) declined by 0.5%. Direxion Daily Financial Bull 3X Shares ( FAS ) was down 1.4%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 1.3% higher.

Lemonade (LMND) shares were up more than 7% pre-bell Tuesday after the company reported a lower-than-expected Q1 net loss.

Winners and Losers:

Energy

The iShares US Energy ETF ( IYE ) was up 3%, while the Energy Select Sector SPDR Fund ( XLE ) was 0.4% higher.

Tidewater (TDW) stock was up more than 6% before Tuesday's opening bell after the company reported higher-than-expected Q1 income and revenue.

Consumer

The Consumer Staples Select Sector SPDR Fund ( XLP ) was up 0.04%, 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 0.7%. The VanEck Retail ETF ( RTH ) and the SPDR S&P Retail ETF ( XRT ) were inactive.

Celsius (CELH) shares were down more than 5% pre-bell after the company posted lower Q1 adjusted earnings and revenue.

Industrial

Industrial Select Sector SPDR Fund ( XLI ) retreated 0.5% while the Vanguard Industrials Index Fund ( VIS ) and the iShares US Industrials ETF ( IYJ ) were inactive.

V2X (VVX) stock was up 4.5% before the opening bell after the company reported higher Q1 adjusted earnings and revenue.

Health Care

The Health Care Select Sector SPDR Fund ( XLV ) retreated 0.4%. The Vanguard Health Care Index Fund ( VHT ) was down 0.1% while the iShares US Healthcare ETF ( IYH ) and the iShares Biotechnology ETF (IBB) were inactive.

Philips (PHG) stock was down more than 3% premarket after the company said its Q1 adjusted earnings were unchanged year over year and posted lower sales.

Technology

Technology Select Sector SPDR Fund (XLK) retreated 1%, and the iShares US Technology ETF ( IYW ) was 0.7% lower, while the iShares Expanded Tech Sector ETF ( IGM ) was down 1.1%. Among semiconductor ETFs, SPDR S&P Semiconductor ETF ( XSD ) was inactive, while the iShares Semiconductor ETF (SOXX) declined by 0.9%.

Datadog ( DDOG ) shares were up 2% in recent Tuesday premarket activity after the company reported higher Q1 non-GAAP net income and revenue.

Commodities

Front-month US West Texas Intermediate crude oil rose 2.2% to $58.39 per barrel on the New York Mercantile Exchange. Natural gas gained 1.1% to reach $3.59 per 1 million British Thermal Units. United States Oil Fund ( USO ) was up 2.3%, while the United States Natural Gas Fund ( UNG ) was 0.1% higher.

Gold futures for June were up 2.1% at $3,390.30 an ounce on the Comex, while silver futures advanced 2.4%, reaching $33.25 an ounce. SPDR Gold Shares ( GLD ) gained 1.5%, and the iShares Silver Trust ( SLV ) was 2.1% higher.