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Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Thursday Amid Tariff Jitters
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Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Thursday Amid Tariff Jitters
Jul 10, 2025 6:02 AM

08:28 AM EDT, 07/10/2025 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust ( SPY ) was up 0.02% and the actively traded Invesco QQQ Trust (QQQ) was 0.1% higher in Thursday's premarket activity amid Trump's latest tariffs and uncertainty around economic reports.

US stock futures were mixed, with S&P 500 Index futures up 0.04%, Dow Jones Industrial Average futures slipping 0.01%, and Nasdaq futures gaining 0.1% before the start of regular trading.

The weekly jobless claims bulletin will be released at 8:30 am ET, followed by the EIA natural gas report at 10:30 am ET.

Federal Reserve St. Louis President Alberto Musalem, Governor Christopher Waller, and San Francisco President Mary Daly speak on Thursday.

In premarket activity, bitcoin was up by 1.1% and the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.6% higher.

Power Play:

Consumer

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

WK Kellogg (KLG) shares were up more than 53% pre-bell after Bloomberg News reported the company is close to being acquired by Ferrero International for approximately $3 billion.

Winners and Losers:

Health Care

The Health Care Select Sector SPDR Fund ( XLV ) retreated 0.04%. The Vanguard Health Care Index Fund ( VHT ) gained 0.1% while the iShares US Healthcare ETF ( IYH ) was inactive. The iShares Biotechnology ETF (IBB) was up 0.1%.

Nurix Therapeutics ( NRIX ) stock was up more than 19% premarket after the company reported a narrower-than-expected fiscal Q2 net loss and higher revenue.

Industrial

Industrial Select Sector SPDR Fund ( XLI ) slipped by 0.03% while the Vanguard Industrials Index Fund ( VIS ) was flat and the iShares US Industrials ETF ( IYJ ) was inactive.

Delta Air Lines ( DAL ) stock was up more than 13% before the opening bell after the company reported higher-than-expected Q2 adjusted earnings and restored its full-year guidance.

Technology

Technology Select Sector SPDR Fund (XLK) advanced 0.2%, and the iShares US Technology ETF ( IYW ) was 0.2% higher, while the iShares Expanded Tech Sector ETF ( IGM ) was inactive. Among semiconductor ETFs, SPDR S&P Semiconductor ETF ( XSD ) was 0.2% higher, while the iShares Semiconductor ETF (SOXX) rose by 0.6%.

ASE Technology ( ASX ) shares were up 3% in recent premarket activity after the company said its June net revenue was 49.51 billion New Taiwan dollars ($1.66 billion), up 5.5% from a year earlier.

Energy

The iShares US Energy ETF ( IYE ) was down 0.7%, while the Energy Select Sector SPDR Fund ( XLE ) declined by 0.2%.

Genesis Energy (GEL) stock was down more than 1% before Thursday's opening bell after the company maintained its quarterly dividend at $0.165 per unit.

Financial

Financial Select Sector SPDR Fund (XLF) retreated 0.1%. Direxion Daily Financial Bull 3X Shares ( FAS ) was down 0.4%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.2% higher.

Commodities

Front-month US West Texas Intermediate crude oil advanced 1.2% to $67.54 per barrel on the New York Mercantile Exchange. Natural gas retreated 0.1% to $3.21 per 1 million British Thermal Units. United States Oil Fund ( USO ) was 0.7% lower, while the United States Natural Gas Fund ( UNG ) gained 0.8%.

Gold futures for August gained 0.3% to reach $3,332.10 an ounce on the Comex, while silver futures were up 0.9% at $36.69 an ounce. SPDR Gold Shares ( GLD ) advanced 0.1%, and the iShares Silver Trust ( SLV ) was 0.8% higher.

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