Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Monday as Chip Stocks Rebound
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.5%, and the actively traded Invesco QQQ Trust (QQQ) advanced 1.3% in Monday's premarket activity, as chip stocks rebounded and lower oil prices supported risk appetite. US stock futures were mixed, with S&P 500 Index futures up 0.4%, Dow Jones Industrial Average futures retreating by 0.1%, and Nasdaq futures gaining 1.1% before the start of regular trading. S&P Global's services data is due at 9:45 am ET, followed by ISM's services data at 10:00 am ET and an appearance by Federal Reserve Governor Christopher Waller at 11:00 am ET. In premarket action, bitcoin was down by 1.3%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.6% higher, Ether ETF (EETH) advanced 2.1%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat. Power Play: Technology The State Street Technology Select Sector SPDR ETF (XLK) advanced by 1.7%, and the iShares US Technology ETF (IYW) was 1.5% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 1.8%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) increased by 3.2%, while the iShares.
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.5%, and the actively traded Invesco QQQ Trust (QQQ) advanced 1.3% in Monday's premarket activity, as chip stocks rebounded and lower oil prices supported risk appetite.
US stock futures were mixed, with S&P 500 Index futures up 0.4%, Dow Jones Industrial Average futures retreating by 0.1%, and Nasdaq futures gaining 1.1% before the start of regular trading.
S&P Global's services data is due at 9:45 am ET, followed by ISM's services data at 10:00 am ET and an appearance by Federal Reserve Governor Christopher Waller at 11:00 am ET.
In premarket action, bitcoin was down by 1.3%.
Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.6% higher, Ether ETF (EETH) advanced 2.1%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.
Power Play: Technology The State Street Technology Select Sector SPDR ETF (XLK) advanced by 1.7%, and the iShares US Technology ETF (IYW) was 1.5% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 1.8%.
Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) increased by 3.2%, while the iShares.