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Exchange-Traded Funds, Equity Futures Mixed Pre-Bell Thursday Ahead of New Tariffs, Key Economic Data
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Exchange-Traded Funds, Equity Futures Mixed Pre-Bell Thursday Ahead of New Tariffs, Key Economic Data
Feb 13, 2025 5:49 AM

08:15 AM EST, 02/13/2025 (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) advanced 0.1% in Thursday's premarket activity, as traders remain cautious amid upcoming tariffs and key economic reports later in the day.

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

January's producer price index report and the weekly jobless claims bulletin are scheduled to be released at 8:30 am ET.

The weekly EIA natural gas supplies report is slated for a 10:30 am ET release.

In premarket activity, bitcoin was down by 1.2% and the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.1% lower.

Power Play:

Technology

Technology Select Sector SPDR Fund (XLK) retreated 0.1%, and the iShares US Technology ETF ( IYW ) was 0.4% lower, while the iShares Expanded Tech Sector ETF ( IGM ) was up 0.3%. Among semiconductor ETFs, SPDR S&P Semiconductor ETF ( XSD ) was inactive, while the iShares Semiconductor ETF (SOXX) slipped by 0.2%.

Himax Technologies ( HIMX ) shares were up more than 9% in recent Thursday premarket activity after the company reported higher Q4 earnings and revenue.

Winners and Losers:

Consumer

The Consumer Staples Select Sector SPDR Fund ( XLP ) was up 0.1%, while the Vanguard Consumer Staples Fund (VDC) was down 1.1%. The iShares US Consumer Staples ETF ( IYK ) was inactive, and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) gained 0.5%. The VanEck Retail ETF ( RTH ) was inactive, while the SPDR S&P Retail ETF ( XRT ) advanced 0.2%.

Unilever ( UL ) shares were down nearly 7% pre-bell after the company reported a lower Q4 turnover that trailed FactSet analyst estimates.

Health Care

The Health Care Select Sector SPDR Fund ( XLV ) advanced 0.1%. The Vanguard Health Care Index Fund ( VHT ) and the iShares US Healthcare ETF ( IYH ) were inactive. The iShares Biotechnology ETF (IBB) was up 0.2%.

Ascendis Pharma ( ASND ) stock was up 6.2% premarket after the company said late Wednesday its board has allocated $25 million to fund a share buyback program and the net settlement of certain restricted stock units, or RSUs.

Industrial

Industrial Select Sector SPDR Fund ( XLI ) retreated 0.3% while the Vanguard Industrials Index Fund ( VIS ) gained 0.9%. The iShares US Industrials ETF ( IYJ ) was inactive.

Lincoln Electric Holdings ( LECO ) stock was up 6% before the opening bell after the company reported higher-than-expected Q4 adjusted earnings and revenue.

Financial

Financial Select Sector SPDR Fund (XLF) declined by 0.04%. Direxion Daily Financial Bull 3X Shares ( FAS ) was up 0.1%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was flat.

Moody's (MCO) shares were up 2.5% pre-bell Thursday after the company posted higher Q4 adjusted earnings and revenue alongside its guidance for higher-than-expected 2025 adjusted EPS.

Energy

The iShares US Energy ETF ( IYE ) was inactive, while the Energy Select Sector SPDR Fund ( XLE ) slipped 0.2%.

Genesis Energy (GEL) stock was down more than 2% before Thursday's opening bell after the company reported a wider Q4 net loss and lower revenue.

Commodities

Front-month US West Texas Intermediate crude oil retreated 1.4% to $70.40 per barrel on the New York Mercantile Exchange. Natural gas rose 2.9% to $3.67 per 1 million British Thermal Units. United States Oil Fund ( USO ) retreated 1.2%, while the United States Natural Gas Fund ( UNG ) was 3.7% higher.

Gold futures for April gained 0.7% to reach $2,947.70 an ounce on the Comex, while silver futures advanced 0.1% to $32.83 an ounce. SPDR Gold Shares ( GLD ) were up 0.6%, and the iShares Silver Trust ( SLV ) was 0.1% higher.

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