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Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Tuesday Amid Tariff Pause
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Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Tuesday Amid Tariff Pause
Jul 8, 2025 5:53 AM

08:30 AM EDT, 07/08/2025 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust ( SPY ) was up 0.1% and the actively traded Invesco QQQ Trust (QQQ) was 0.3% higher in Tuesday's premarket activity as US President Donald Trump delayed reciprocal tariffs.

US stock futures were mixed, with S&P 500 Index futures up 0.1%, Dow Jones Industrial Average futures slipping 0.02%, and Nasdaq futures gaining 0.3% before the start of regular trading.

US small business optimism declined in June to 98.6 from 98.8 in May, but remained well above the year-ago level of 91.5, according to the National Federation of Independent Business on Tuesday.

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

Power Play:

Financial

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

HIVE Digital Technologies ( HIVE ) shares were up nearly 2% pre-bell Tuesday after the company said it mined 164 bitcoin in June, an 18% increase from the previous month's 139 BTC.

Winners and Losers:

Industrial

Industrial Select Sector SPDR Fund ( XLI ) advanced 0.03% while the Vanguard Industrials Index Fund ( VIS ) and the iShares US Industrials ETF ( IYJ ) were inactive.

Ryanair ( RYAOF ) stock was up nearly 2% before the opening bell after the company said it has signed a multiyear deal with Poland's Warsaw Modlin Airport, committing to more than tripling passenger traffic from 1.5 million passengers per year to over 5 million by 2030.

Technology

Technology Select Sector SPDR Fund (XLK) advanced 0.4%, and the iShares US Technology ETF ( IYW ) gained 0.01%, 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) rose by 0.7%.

JinkoSolar ( JKS ) shares were up more than 3% in recent premarket activity after the company said it has commissioned 21.6 megawatt-hours of energy storage systems supplied to Distributed Energy Infrastructure.

Energy

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

Tidewater (TDW) stock was down 2% before the opening bell after the company said Monday it completed its previously announced private offering of $650 million in 9.125% senior unsecured notes due 2030.

Health Care

The Health Care Select Sector SPDR Fund ( XLV ) advanced 0.1%. The Vanguard Health Care Index Fund ( VHT ) gained 0.2% while the iShares US Healthcare ETF ( IYH ) increased marginally by 0.04%. The iShares Biotechnology ETF (IBB) was inactive.

ImmunityBio ( IBRX ) stock was up more than 2% premarket after the company said Monday it was granted UK Medicines and Healthcare products Regulatory Agency marketing authorization for Anktiva in combination with Bacillus Calmette-Guerin for the treatment of certain bladder cancer patients.

Consumer

The Consumer Staples Select Sector SPDR Fund ( XLP ) was down 0.3%, 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 0.2%. The VanEck Retail ETF ( RTH ) and the SPDR S&P Retail ETF ( XRT ) were inactive.

Commodities

Front-month US West Texas Intermediate crude oil retreated 0.2% to $67.83 per barrel on the New York Mercantile Exchange. Natural gas rose 1% to $3.45 per 1 million British Thermal Units. United States Oil Fund ( USO ) was 0.2% lower, while the United States Natural Gas Fund ( UNG ) advanced 0.6%.

Gold futures for August retreated 0.4% to $3,330.10 an ounce on the Comex, while silver futures were down 0.1% at $36.87 an ounce. SPDR Gold Shares ( GLD ) declined 0.5%, and the iShares Silver Trust ( SLV ) was 0.3% lower.

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