08:24 AM EDT, 08/16/2024 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust ( SPY ) was down 0.1% and the actively traded Invesco QQQ Trust (QQQ) also retreated 0.1% in Friday's premarket activity, as the earnings season tapers off at the end of a busy week.

US stock futures were mixed, with S&P 500 Index futures down 0.1%, Dow Jones Industrial Average futures slipping 0.04%, and Nasdaq futures gaining marginally by 0.02% before the start of regular trading.

The July housing starts and permits bulletin for July will be released at 8:30 am ET, followed by the August University of Michigan consumer sentiment report at 10 am ET.

The weekly Baker Hughes domestic oil-and-gas rig count posts at 1 pm ET.

Federal Reserve of Chicago President Austan Goolsbee speaks at 1:25 pm ET.

In premarket action, bitcoin was up by 2.6% and the cryptocurrency fund ProShares Bitcoin Strategy ETF ( BITO ) was 2.8% higher.

Power Play:

Health Care

The Health Care Select Sector SPDR Fund ( XLV ) advanced 0.1%. The Vanguard Health Care Index Fund ( VHT ) was flat while the iShares US Healthcare ETF ( IYH ) and the iShares Biotechnology ETF ( IBB ) were inactive.

Sonida Senior Living ( SNDA ) shares were down more than 15% premarket after the company said it priced an upsized public offering of 4.3 million shares at $27 per share, increasing from the originally planned 4 million shares, expecting to raise $102.9 million primarily to finance the acquisition of eight senior living communities.

Winners and Losers:

Consumer

The Consumer Staples Select Sector SPDR Fund ( XLP ) was up 0.1%, while the Vanguard Consumer Staples Fund (VDC) was inactive. The iShares US Consumer Staples ETF ( IYK ) advanced 0.7%, 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 ) was flat.

Sunlands Technology Group ( STG ) stock traded up more than 6% pre-bell even after the company reported lower Q2 results.

Industrial

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

Tutor Perini ( TPC ) shares gained nearly 6% before the opening bell after the company said Thursday that it secured a $1.66 billion contract with the Honolulu Authority for Rapid Transportation for the City Center Guideway and Stations Project in Honolulu, Hawaii.

Energy

The iShares US Energy ETF ( IYE ) was down 1,5%, while the Energy Select Sector SPDR Fund ( XLE ) retreated 0.9%.

Vital Energy ( VTLE ) stock was down 1.7% before Friday's opening bell after KeyBanc downgraded the company to sector weight from overweight.

Technology

Technology Select Sector SPDR Fund ( XLK ) advanced 0.1%, 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 inactive, while the iShares Semiconductor ETF ( SOXX ) declined by 0.1%.

Texas Instruments ( TXN ) shares were up 1.3% in recent Friday premarket activity after the company said it signed a non-binding preliminary memorandum of terms with the US Department of Commerce for up to $1.6 billion in proposed direct funding to support three 300mm wafer fabs that the company is building in Texas and Utah.

Financial

Financial Select Sector SPDR Fund ( XLF ) retreated 0.1%. Direxion Daily Financial Bull 3X Shares ( FAS ) was down 0.6%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.7% higher.

Deutsche Bank's ( DB ) stock was up 1% premarket Friday after Reuters reported, citing a lawyer for the plaintiffs, that the bank's settlement offer to shareholders, who sued the company for underpaying them following its Postbank acquisition, was rejected for being too low.

Commodities

Front-month US West Texas Intermediate crude oil retreated 2.7% to $76.07 per barrel on the New York Mercantile Exchange. Natural gas was down 0.1% at $2.19 per 1 million British Thermal Units. United States Oil Fund ( USO ) declined 2.4%, while the United States Natural Gas Fund ( UNG ) was 0.8% lower.

Gold futures for December advanced 0.6% to $2,506.10 an ounce on the Comex, while silver futures were 0.8% lower at $28.60 an ounce. SPDR Gold Shares ( GLD ) gained 0.6%, and iShares Silver Trust ( SLV ) fell nearly 1%.