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Exchange-Traded Funds Lower, Equity Futures Mixed Pre-Bell Tuesday Amid Higher Oil Prices, Earnings Deluge
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Exchange-Traded Funds Lower, Equity Futures Mixed Pre-Bell Tuesday Amid Higher Oil Prices, Earnings Deluge
Apr 28, 2026 5:57 AM

08:33 AM EDT, 04/28/2026 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust ( SPY ) was down 0.7% and the actively traded Invesco QQQ Trust (QQQ) was 1.4% lower in Tuesday's premarket activity amid higher oil prices and a deluge of corporate earnings reports.

US stock futures were mixed, with S&P 500 Index futures down 0.7%, Dow Jones Industrial Average futures gaining 0.2%, and Nasdaq futures retreating 1.2% before the start of regular trading.

The Case-Shiller Home Price Index and the Federal Housing Finance Agency House Price Index, both for February, will be released at 9 am ET.

April's consumer confidence report and Richmond Fed manufacturing index will be released at 10 am ET.

In premarket activity, bitcoin was down by 0.7%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1% lower, Ether ETF (EETH) retreated by 0.7%, and Bitcoin & Ether Market Cap Weight ETF (BETH) declined by 0.01%.

Power Play:

Industrial

The State Street Industrial Select Sector SPDR ETF ( XLI ) retreated by 0.5%, while the Vanguard Industrials Index Fund ( VIS ) was flat and the iShares US Industrials ETF ( IYJ ) was 0.01% lower.

Allegion ( ALLE ) stock was down more than 4% before the opening bell after the company reported lower Q1 adjusted earnings.

Winners and Losers:

Technology

The State Street Technology Select Sector SPDR ETF (XLK) retreated 2.3%, and the iShares US Technology ETF ( IYW ) was 2% lower, while the iShares Expanded Tech Sector ETF ( IGM ) was down 2.2%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF ( XSD ) declined by 4.2%, while the iShares Semiconductor ETF (SOXX) fell by 4%.

Intel ( INTC ) shares were up more than 1% in Tuesday's premarket activity after gaining 2.9% at the previous close. Bloomberg reported Monday, citing a person familiar with the matter, that the company has launched an investment-grade bond sale to help finance its $14.20 billion plan to regain full ownership of its Irish chip manufacturing facility.

Energy

The iShares US Energy ETF ( IYE ) was up 1.4%, while the State Street Energy Select Sector SPDR ETF ( XLE ) rose by 1.7%.

BP (BP) stock was up more than 3% before Tuesday's opening bell after the company reported higher Q1 underlying replacement cost profit and sales.

Consumer

The State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.3%, and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was down 0.3%. The iShares US Consumer Staples ETF ( IYK ) advanced 0.8%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.4%. The VanEck Retail ETF ( RTH ) was 0.2% lower, while the State Street SPDR S&P Retail ETF (XRT) declined by 0.2%.

Coca-Cola (KO) shares were up more than 2% pre-bell after the company reported higher Q1 adjusted earnings and revenue.

Health Care

The State Street Health Care Select Sector SPDR ETF ( XLV ) advanced 0.4%, the Vanguard Health Care Index Fund ( VHT ) was up 0.5%, while the iShares US Healthcare ETF ( IYH ) was flat. The iShares Biotechnology ETF (IBB) retreated by 0.1%.

Zimmer Biomet ( ZBH ) stock was down more than 2% premarket after closing the prior session with a 1.5% gain. The company reported higher Q1 financial results and said its chief financial officer, Suketu Upadhyay, is leaving the company.

Financial

The State Street Financial Select Sector SPDR ETF (XLF) advanced 0.4%. Direxion Daily Financial Bull 3X Shares (FAS) was up 1.1%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1.4% lower.

Barclays ( BCS ) shares were down more than 2% pre-bell. Bloomberg reported the company has reserved 228 million British pounds ($307.9 million) in Q1 to cover the collapse of specialty lender MFS.

Commodities

Front-month US West Texas Intermediate crude oil rose by 5.1% to $101.28 per barrel on the New York Mercantile Exchange. Natural gas retreated by 0.7% to $2.53 per 1 million British Thermal Units. The United States Oil Fund ( USO ) increased by 4.7%, while the United States Natural Gas Fund ( UNG ) was 0.4% lower.

Gold futures for May were down by 2.6% at $4,573.30 an ounce on the Comex. Silver futures retreated by 3.9% to $72.60 an ounce. SPDR Gold Shares ( GLD ) was 2.3% lower, and the iShares Silver Trust ( SLV ) fell by 3.9%.

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