financetom
Market
financetom
/
Market
/
Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Thursday as Earnings Season Continues
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Thursday as Earnings Season Continues
Jan 30, 2025 5:46 AM

08:16 AM EST, 01/30/2025 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust ( SPY ) was up 0.2% and the actively traded Invesco QQQ Trust (QQQ) advanced 0.4% in Thursday's premarket activity amid mixed corporate earnings reports.

US stock futures were mixed, with S&P 500 Index futures up 0.2%, Dow Jones Industrial Average futures slipping 0.1%, and Nasdaq futures gaining 0.4% before the start of regular trading.

The advance estimate for the Q4 gross domestic product and the weekly jobless claims bulletin will be released at 8:30 am ET.

The National Association of Realtors pending home sales index for December is due at 10 am ET, followed by the weekly EIA natural-gas supplies report at 10:30 am ET.

In premarket activity, bitcoin was up by 0.8% and the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.8% higher.

Power Play:

Health Care

The Health Care Select Sector SPDR Fund ( XLV ) advanced 0.3%. The Vanguard Health Care Index Fund ( VHT ) was up 0.5% while the iShares US Healthcare ETF ( IYH ) was inactive. The iShares Biotechnology ETF (IBB) was flat.

Cigna Group ( CI ) stock was down 9.7% premarket after the company reported lower Q4 adjusted earnings that trailed analysts' estimates.

Winners and Losers:

Technology

Technology Select Sector SPDR Fund (XLK) retreated 0.1%, and the iShares US Technology ETF ( IYW ) slipped 0.1%, while the iShares Expanded Tech Sector ETF ( IGM ) was flat. Among semiconductor ETFs, SPDR S&P Semiconductor ETF ( XSD ) was inactive, while the iShares Semiconductor ETF (SOXX) rose by 1.3%.

Dynatrace ( DT ) shares were up 8.5% in recent Thursday premarket activity after the company reported higher fiscal Q3 non-GAAP earnings and revenue in addition to lifting its fiscal 2025 guidance.

Financial

Financial Select Sector SPDR Fund (XLF) advanced 0.7%. Direxion Daily Financial Bull 3X Shares ( FAS ) was up 2.2%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 2% lower.

Lazard ( LAZ ) shares were up 8% pre-bell Thursday after the company reported higher Q4 adjusted net income and net revenue.

Industrial

Industrial Select Sector SPDR Fund ( XLI ) advanced 0.6%, and the Vanguard Industrials Index Fund ( VIS ) was up 1.3%, while the iShares US Industrials ETF ( IYJ ) was inactive.

Caterpillar ( CAT ) stock was down 3.4% before the opening bell after the company reported lower Q4 adjusted earnings and revenue.

Consumer

The Consumer Staples Select Sector SPDR Fund ( XLP ) was up 0.2%, while the Vanguard Consumer Staples Fund (VDC) was inactive. The iShares US Consumer Staples ETF ( IYK ) was inactive, and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) gained 0.8%. The VanEck Retail ETF ( RTH ) was inactive, while the SPDR S&P Retail ETF ( XRT ) was 0.3% higher.

PulteGroup ( PHM ) shares were up 3.4% pre-bell after the company said its board had approved a $1.50 billion increase to its stock buyback plan.

Energy

The iShares US Energy ETF ( IYE ) retreated 0.04%, while the Energy Select Sector SPDR Fund ( XLE ) was up by 0.1%.

Murphy Oil ( MUR ) stock was down 2% before Thursday's opening bell after the company reported lower Q4 adjusted earnings and revenue.

Commodities

Front-month US West Texas Intermediate crude oil declined 0.2% to $72.46 per barrel on the New York Mercantile Exchange. Natural gas gained 0.6% to reach $3.19 per 1 million British Thermal Units. United States Oil Fund ( USO ) lost 0.5%, while the United States Natural Gas Fund ( UNG ) advanced 1.3%.

Gold futures for April were up 0.9% at $2,818.50 an ounce on the Comex, and silver futures rose 1.9% to $31.98 an ounce. SPDR Gold Shares ( GLD ) were up 0.8%, while the iShares Silver Trust ( SLV ) was 1% higher.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sector Update: Health Care
Sector Update: Health Care
Mar 21, 2024
03:42 PM EDT, 03/21/2024 (MT Newswires) -- Health care stocks rose late Thursday afternoon with the NYSE Health Care Index adding 0.2% and the Health Care Select Sector SPDR Fund (XLV) rising 0.3%. The iShares Biotechnology ETF (IBB) climbed 0.9%. In corporate news, Eledon Pharmaceuticals ( ELDN ) shares surged 12% after it said its tegoprubart monoclonal antibody was used...
Japan's Nikkei hits record high on Wall Street gains, weaker yen
Japan's Nikkei hits record high on Wall Street gains, weaker yen
Mar 21, 2024
TOKYO, March 22 (Reuters) - Japan's Nikkei share average hit a record high on Friday, underpinned by the strength on Wall Street overnight and as a weaker yen prompted investors to buy automakers. The Nikkei rose to as high as 41,087.75 earlier in the session, crossing the 41,000 level for the first time. The index ended 0.07% higher at 40,844.53...
Sector Update: Financial
Sector Update: Financial
Mar 21, 2024
03:19 PM EDT, 03/21/2024 (MT Newswires) -- Financial stocks advanced late Thursday afternoon, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each rising 0.9%. The Philadelphia Housing Index climbed 1.8%, and the Real Estate Select Sector SPDR Fund (XLRE) was adding 0.4% Bitcoin (BTC-USD) dropped 4% to $65,176, and the yield for 10-year US Treasuries...
Japan's Nikkei ends at record high on Wall Street gains, weaker yen
Japan's Nikkei ends at record high on Wall Street gains, weaker yen
Mar 22, 2024
(Updates to closing prices) TOKYO, March 22 (Reuters) - Japan's Nikkei share average closed at an all-time high on Friday, underpinned by record gains on Wall Street overnight and strength in automakers' stocks on a weaker yen. The Nikkei rose 0.18% to end at 40,888.43, after hitting 41,087.75 earlier in the session to break an all-time intraday high. The index,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved