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Exchange-Traded Funds, Equity Futures Mixed Pre-Bell Tuesday Amid Underwhelming Economic Data, Renewed Trade Tensions
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Exchange-Traded Funds, Equity Futures Mixed Pre-Bell Tuesday Amid Underwhelming Economic Data, Renewed Trade Tensions
Feb 25, 2025 6:06 AM

08:33 AM EST, 02/25/2025 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust ( SPY ) was up 0.04% and the actively traded Invesco QQQ Trust (QQQ) retreated 0.1% in Tuesday's premarket activity as markets traded mixed amid underwhelming economic data combined with renewed trade tensions.

US stock futures were also mixed, with S&P 500 Index futures down 0.1%, Dow Jones Industrial Average futures advancing 0.1%, and Nasdaq futures slipping 0.2% before the start of regular trading.

The Case-Shiller Home Price Index, and the FHFA House Price Index, both for December, will be released at 9 am ET.

The Conference Board consumer confidence report, and the Richmond Fed Manufacturing Index, both for February, post at 10 am ET.

Vice Chair Michael Barr speaks at 11:45 am ET and Richmond Fed President Thomas Barkin at 1 pm ET.

In premarket activity, bitcoin was down by 5.3% and the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 5.2% lower.

Power Play:

Health Care

The Health Care Select Sector SPDR Fund ( XLV ) advanced 0.4%. The Vanguard Health Care Index Fund ( VHT ) gained 0.02% while the iShares US Healthcare ETF ( IYH ) was flat. The iShares Biotechnology ETF (IBB) was down 0.02%.

Myriad Genetics ( MYGN ) stock was down more than 13% premarket after the company reported lower Q4 adjusted earnings and forecast a higher-than-expected Q1 adjusted loss.

Winners and Losers:

Technology

Technology Select Sector SPDR Fund (XLK) retreated 0.1%, and the iShares US Technology ETF ( IYW ) was 0.6% lower, while the iShares Expanded Tech Sector ETF ( IGM ) was down 0.01%. Among semiconductor ETFs, SPDR S&P Semiconductor ETF ( XSD ) retreated 0.1%, while the iShares Semiconductor ETF (SOXX) declined by 0.2%.

Ultra Clean Holdings ( UCTT ) shares were down more than 12% in recent Tuesday premarket activity after the company posted downbeat guidance for fiscal Q1 adjusted earnings.

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 more than 5% before the opening bell after the company reported higher Q4 adjusted earnings and revenue.

Consumer

The Consumer Staples Select Sector SPDR Fund ( XLP ) was up 0.1%, while the Vanguard Consumer Staples Fund (VDC) gained 0.9%. The iShares US Consumer Staples ETF ( IYK ) was flat, 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 0.5%.

Keurig Dr Pepper ( KDP ) shares were up 2.6% pre-bell after the company reported higher Q4 adjusted earnings and net sales.

Energy

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

Black Stone Minerals ( BSM ) stock was down 2.3% before Tuesday's opening bell after the company reported lower Q4 net income and revenue.

Financial

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

Bank of Montreal ( BNKD ) shares were up 1.2% pre-bell Tuesday after the company reported higher fiscal Q1 adjusted earnings and revenue.

Commodities

Front-month US West Texas Intermediate crude oil retreated 0.5% to $70.32 per barrel on the New York Mercantile Exchange. Natural gas gained 0.4% to reach $4.01 per 1 million British Thermal Units. United States Oil Fund ( USO ) declined by 0.8% while the United States Natural Gas Fund ( UNG ) was flat.

Gold futures for April lost 0.7% at $2,942.60 an ounce on the Comex, while silver futures retreated 1.3% to $32.49 an ounce. SPDR Gold Shares ( GLD ) were down 0.7%, and the iShares Silver Trust ( SLV ) was 1.5% lower.

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