09:10 AM EDT, 08/05/2026 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust ( SPY ) was up 0.4% and the actively traded Invesco QQQ Trust (QQQ) was 0.1% higher in Wednesday's premarket activity amid continued corporate earnings and optimism around a possible opening of the Strait of Hormuz.

US stock futures were mixed, with S&P 500 Index futures up 0.3%, Dow Jones Industrial Average futures advancing 0.3%, and Nasdaq futures slipping 0.02% before the start of regular trading.

Mortgage applications fell by 2.9% in the week ended July 31 as 30-year fixed mortgage rates rose to their highest level in more than a year after the Federal Open Market Committee's meeting last week, according to Mortgage Bankers Association data released Wednesday.

S&P Global's services PMI report for July will be released at 9:45 am ET, followed by ISM's services reading for July at 10 am ET.

The weekly petroleum stocks data will be released at 10:30 am ET.

Federal Reserve Governor Lisa Cook is due to speak on Wednesday.

In premarket activity, bitcoin was down by 0.3%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.1% lower, Ether ETF (EETH) retreated 0.2%, and Bitcoin & Ether Market Cap Weight ETF (BETH) decreased 0.01%.

Power Play:

Industrial

The State Street Industrial Select Sector SPDR ETF ( XLI ) advanced 0.3%, the Vanguard Industrials Index Fund ( VIS ) was up 1.1%, and the iShares US Industrials ETF ( IYJ ) was inactive.

SpaceX (SPCX) shares were 11% lower pre-bell after the rocket and satellite company reported quarterly results for the first time since going public.

Winners and Losers:

Technology

The State Street Technology Select Sector SPDR ETF (XLK) retreated 0.3%, the iShares US Technology ETF ( IYW ) was 0.2% higher, and the iShares Expanded Tech Sector ETF ( IGM ) was up 0.6%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF ( XSD ) was 1.1% lower, while the iShares Semiconductor ETF (SOXX) fell by 1.9%.

GlobalFoundries ( GFS ) shares were down more than 5% in premarket activity even after the company reported higher Q2 adjusted earnings and revenue.

Health Care

The State Street Health Care Select Sector SPDR ETF ( XLV ) advanced 1%, the Vanguard Health Care Index Fund ( VHT ) was up 0.7%, and the iShares US Healthcare ETF ( IYH ) gained 0.7%. The iShares Biotechnology ETF (IBB) was also 0.7% higher.

Eli Lilly ( LLY ) stock was up more than 4% premarket after the company reported higher Q2 non-GAAP earnings and revenue.

Financial

The State Street Financial Select Sector SPDR ETF (XLF) advanced 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.8%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.6% lower.

HSBC ( HSBC ) shares traded down 4% in early-hours activity after the company said late Tuesday it launched cash tender offers for four series of senior unsecured notes with an aggregate purchase price of up to $5 billion.

Consumer

The State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.3%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) gained 1.1%, and the iShares US Consumer Staples ETF ( IYK ) was down 0.8%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advanced 0.6%. The VanEck Retail ETF ( RTH ) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was flat.

Honda Motor ( HMC ) shares were up more than 4% pre-bell after the company reported higher fiscal Q1 earnings and revenue.

Energy

The iShares US Energy ETF ( IYE ) was down 0.035, while the State Street Energy Select Sector SPDR ETF ( XLE ) was up by 0.2%.

Phillips 66 (PSX) stock was up more than 1% before market open after the company reported higher Q2 adjusted earnings.

Commodities

Front-month US West Texas Intermediate crude oil gained by 0.5% to reach $76.12 per barrel on the New York Mercantile Exchange. Natural gas was up 0.4% at $2.69 per 1 million British Thermal Units. The United States Oil Fund ( USO ) increased by 0.5%, while the United States Natural Gas Fund ( UNG ) was 0.2% higher.

Gold futures for November advanced by 2.4% to $4,250.40 an ounce on the Comex. Silver futures rose by 3.4% to $62.27 an ounce. SPDR Gold Shares ( GLD ) was up by 3%, and the iShares Silver Trust ( SLV ) was 4.4% higher.