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Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Monday as Chip Stocks Rebound
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Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Monday as Chip Stocks Rebound
Jul 6, 2026 6:22 AM

08:54 AM EDT, 07/06/2026 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.5%, and the actively traded Invesco QQQ Trust (QQQ) advanced 1.3% in Monday's premarket activity, as chip stocks rebounded and lower oil prices supported risk appetite.

US stock futures were mixed, with S&P 500 Index futures up 0.4%, Dow Jones Industrial Average futures retreating by 0.1%, and Nasdaq futures gaining 1.1% before the start of regular trading.

S&P Global's services data is due at 9:45 am ET, followed by ISM's services data at 10:00 am ET and an appearance by Federal Reserve Governor Christopher Waller at 11:00 am ET.

In premarket action, bitcoin was down by 1.3%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.6% higher, Ether ETF (EETH) advanced 2.1%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.

Power Play:

Technology

The State Street Technology Select Sector SPDR ETF (XLK) advanced by 1.7%, and the iShares US Technology ETF ( IYW ) was 1.5% higher, while the iShares Expanded Tech Sector ETF ( IGM ) was up 1.8%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF ( XSD ) increased by 3.2%, while the iShares Semiconductor ETF (SOXX) rose by 3.7%.

United Microelectronics ( UMC ) shares rose nearly 5% in premarket activity after the company reported June sales of 23.12 billion New Taiwan dollars ($721.4 million), up 23% from a year earlier.

Winners and Losers:

Energy

The iShares US Energy ETF ( IYE ) gained 0.3%, while the State Street Energy Select Sector SPDR ETF ( XLE ) was down by 0.5%.

Kosmos Energy ( KOS ) stock was up 3.6% before market open after the company said its J76 well at Ghana's Jubilee field began production in mid-June, about two weeks behind schedule, and is producing about 20,000 barrels of oil per day.

Consumer

The State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.01%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) gained 0.02%, and the iShares US Consumer Staples ETF ( IYK ) was flat. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advanced by 0.4%. The VanEck Retail ETF ( RTH ) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 0.02% higher.

Alibaba ( BABA ) shares were up roughly 1% pre-bell after falling 1.9% at the prior close. Bloomberg reported that the company and ByteDance are removing software features that allow users to build and chat with AI companions in anticipation of new Chinese rules on human interactions with AI.

Health Care

The State Street Health Care Select Sector SPDR ETF ( XLV ) retreated by 0.2%, the Vanguard Health Care Index Fund ( VHT ) was flat, while the iShares US Healthcare ETF ( IYH ) advanced by 0.1%. The iShares Biotechnology ETF (IBB) was 0.5% higher.

Novartis ( NVS ) stock was down more than 1% premarket after the company said it agreed to acquire privately held Myricx Bio for $1.1 billion upfront, with up to $400 million in milestone payments.

Financial

The State Street Financial Select Sector SPDR ETF (XLF) was down 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) retreated by 0.8%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.8% higher.

ING (ING) shares traded up 1% in early hours activity after the company said it has agreed to acquire about 40% stake in Spanish wealth manager Singular Bank from Warburg Pincus.

Industrial

The State Street Industrial Select Sector SPDR ETF ( XLI ) advanced 0.4%, while the Vanguard Industrials Index Fund ( VIS ) was inactive and the iShares US Industrials ETF ( IYJ ) rose 1.8%.

Azul ( AZUL ) stock was up nearly 6% before the opening bell after the company said its American depositary shares were approved for listing on the New York Stock Exchange, with trading set to begin Thursday under the ticker symbol "AZUL ( AZUL )."

Commodities

Front-month US West Texas Intermediate crude oil retreated by 0.5% to $68.37 per barrel on the New York Mercantile Exchange. Natural gas was up by 1.1% to $3.23 per 1 million British Thermal Units. The United States Oil Fund ( USO ) declined by 0.1%, while the United States Natural Gas Fund ( UNG ) was 0.2% lower.

Gold futures for July were up by 0.9% to $4,161.50 an ounce on the Comex. Silver futures advanced by 2.4% to $62.51 an ounce. SPDR Gold Shares ( GLD ) increased by 0.5%, and the iShares Silver Trust ( SLV ) was 1.6% higher.

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