09:16 AM EDT, 05/29/2026 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust ( SPY ) was up 0.1% and the actively traded Invesco QQQ Trust (QQQ) was 0.1% higher in Friday's premarket activity amid hopes of a possible US-Iran shipping and ceasefire agreement.

US stock futures were also higher, with S&P 500 Index futures up 0.1%, Dow Jones Industrial Average futures advancing 0.3%, and Nasdaq futures gaining 0.1% before the start of regular trading.

The US advance international trade in goods deficit narrowed to $82.40 billion in April from $85.27 billion in March, according to data released by the US Census Bureau. In the same report, wholesale inventories rose by 0.5% in April after a 1.5% increase in March. Analysts polled by Bloomberg expected wholesale inventories to increase by 0.8%.

Chicago PMI data for May will be released at 9:45 am ET.

Federal Reserve Vice Chair for Supervision Michelle Bowman is slated to speak on Friday.

In premarket activity, bitcoin was down by 1.8%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.6% higher, Ether ETF (EETH) advanced 2.6%, and Bitcoin & Ether Market Cap Weight ETF (BETH) gained 0.9%.

Power Play:

Technology

The State Street Technology Select Sector SPDR ETF (XLK) advanced 1.1%, and the iShares US Technology ETF ( IYW ) was 1.4% higher, while the iShares Expanded Tech Sector ETF ( IGM ) was up 0.8%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF ( XSD ) gained 0.9%, while the iShares Semiconductor ETF (SOXX) rose by 0.6%.

Dell (DELL) shares were 34% higher in premarket activity after the company reported fiscal Q1 financial results that topped analyst estimates and issued higher-than-expected guidance for fiscal Q2 and fiscal 2027.

Winners and Losers:

Consumer

The State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.02%, and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was flat. The iShares US Consumer Staples ETF ( IYK ) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.2%. The VanEck Retail ETF ( RTH ) gained 0.1%, while the State Street SPDR S&P Retail ETF (XRT) declined by 1.6%.

Chagee ( CHA ) shares were up more than 12% pre-bell after the company reported higher Q1 revenue.

Health Care

The State Street Health Care Select Sector SPDR ETF ( XLV ) retreated by 0.1%, the Vanguard Health Care Index Fund ( VHT ) advanced by 0.02%, while the iShares US Healthcare ETF ( IYH ) was flat. The iShares Biotechnology ETF (IBB) gained by 0.3%.

Agios Pharmaceuticals ( AGIO ) stock was down more than 5% premarket after the company said it will discontinue development of tebapivat for lower-risk myelodysplastic syndromes following a phase 2b study that failed to meet the company's threshold for further advancement.

Industrial

The State Street Industrial Select Sector SPDR ETF ( XLI ) advanced by 0.1%, while the Vanguard Industrials Index Fund ( VIS ) rose 0.6% and the iShares US Industrials ETF ( IYJ ) was 0.2% higher.

Firefly Aerospace ( FLY ) shares were more than 5% lower before market open after the company said late Thursday it priced a public offering of 4 million shares, alongside 8 million shares being offered by certain selling stockholders, at $48 per share.

Energy

The iShares US Energy ETF ( IYE ) was flat, while the State Street Energy Select Sector SPDR ETF ( XLE ) was down by 0.3%.

Solv Energy ( MWH ) stock was down more than 1% before the opening bell after the company priced an upsized public offering of 15 million Class A common shares at $36 apiece.

Financial

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

Blackstone (BX) shares were edging 0.2% higher pre-bell after closing the previous session with a 106% decline. Bloomberg reported that the company is in talks to sell its 45% stake in Leica Camera to Asian investment firm HSG.

Commodities

Front-month US West Texas Intermediate crude oil retreated by 1.3% to $87.76 per barrel on the New York Mercantile Exchange. Natural gas was up 5% at $3.04 per 1 million British Thermal Units. The United States Oil Fund ( USO ) fell by 2%, while the United States Natural Gas Fund ( UNG ) was 1.8% higher.

Gold futures for July advanced by 0.6% to $4,561.10 an ounce on the Comex. Silver futures declined by 0.2% to $75.78 an ounce. SPDR Gold Shares ( GLD ) was up by 0.6%, and the iShares Silver Trust ( SLV ) fell by 0.2%.