08:17 AM EDT, 09/10/2025 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust ( SPY ) was up 0.4% and the actively traded Invesco QQQ Trust (QQQ) was 0.4% higher in Wednesday's premarket activity, ahead of key inflation data releases.

US stock futures were mixed, with S&P 500 Index futures up 0.3%, Dow Jones Industrial Average futures slipping 0.2%, and Nasdaq futures gaining 0.3% before the start of regular trading.

US mortgage applications rose 9.2% in the week ended Sept. 5 as 30-year fixed mortgage rates fell to their lowest since October 2024, with refinancing up 12% and purchase activity rising 7%, Mortgage Bankers Association data showed Wednesday.

The producer price index report for August, a measure of wholesale prices, will be released at 8:30 am ET.

The wholesale inventories bulletin for July will be released at 10 am ET, followed by the weekly EIA petroleum status report posts at 10:30 am ET.

In premarket activity, bitcoin was up by 0.9%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.9% higher, Ether ETF (EETH) gained 0.8%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was 0.3% higher.

Power Play:

Consumer

The Consumer Staples Select Sector SPDR Fund ( XLP ) was down 0.1%, while the Vanguard Consumer Staples Fund (VDC) retreated 0.1%. The iShares US Consumer Staples ETF ( IYK ) was inactive, and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) lost 0.1%. The VanEck Retail ETF ( RTH ) was inactive, while the SPDR S&P Retail ETF ( XRT ) was 0.2% lower.

Nio (NIO) shares were down more than 8% pre-bell after the company said it is planning to offer up to about 181.8 million Class A ordinary shares.

Winners and Losers:

Industrial

Industrial Select Sector SPDR Fund ( XLI ) retreated marginally by 0.04%, while the Vanguard Industrials Index Fund ( VIS ) and the iShares US Industrials ETF ( IYJ ) were inactive.

Babcock & Wilcox Enterprises ( BW ) stock was up more than 5% before the opening bell after the company said it has partnered with Denham Capital's Sustainable Infrastructure arm to develop cleaner power offerings for data centers in the US and Europe.

Health Care

The Health Care Select Sector SPDR Fund ( XLV ) retreated 0.2%. The Vanguard Health Care Index Fund ( VHT ) declined 0.1%, while the iShares US Healthcare ETF ( IYH ) slipped 0.1%. The iShares Biotechnology ETF (IBB) was marginally higher by 0.04%.

Amylyx Pharmaceuticals ( AMLX ) stock was down more than 2% premarket after the company said it priced a public offering of 17.5 million shares at $10 each, aiming to raise $175 million in gross proceeds.

Technology

Technology Select Sector SPDR Fund (XLK) advanced 1.8%, and the iShares US Technology ETF ( IYW ) was 1.2% higher, while the iShares Expanded Tech Sector ETF ( IGM ) was up 1.7%. Among semiconductor ETFs, SPDR S&P Semiconductor ETF ( XSD ) was inactive, while the iShares Semiconductor ETF (SOXX) rose by 0.9%.

Taiwan Semiconductor Manufacturing ( TSM ) shares were up more than 2% in recent premarket activity after the company reported that net revenue for August rose to about $335.77 billion New Taiwan dollars ($11.08 billion), up nearly 34% from the same period a year earlier.

Financial

Financial Select Sector SPDR Fund (XLF) retreated 0.3%. Direxion Daily Financial Bull 3X Shares ( FAS ) was down nearly 1%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 1% higher.

Gladstone Capital ( GLAD ) shares were down nearly 2% pre-bell Wednesday after the company said late Tuesday it priced a $130 million public offering of 5.875% convertible notes due 2030 at 98.5% of face value.

Energy

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

Commodities

Front-month US West Texas Intermediate crude oil was up 1.1% at $63.31 per barrel on the New York Mercantile Exchange. Natural gas retreated 0.9% to $3.09 per 1 million British Thermal Units. United States Oil Fund ( USO ) was 1% higher, while the United States Natural Gas Fund ( UNG ) declined by 0.9%.

Gold futures for December advanced by 0.3% to $3,694.20 an ounce on the Comex, while silver futures were up 0.9% at $41.72 an ounce. SPDR Gold Shares ( GLD ) gained 0.7%, and the iShares Silver Trust ( SLV ) was 0.5% higher.