Exchange-Traded Funds Lower, Equity Futures Mixed Amid Caution Over Chip Sector Outlook

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) retreated by 1.1% in Tuesday's premarket activity, as investors exercised caution over the chip sector's outlook while awaiting the Federal Reserve's latest meeting minutes for clues on the interest rate outlook. US stock futures were mixed, with S&P 500 Index futures down 0.2%, Dow Jones Industrial Average futures advancing 0.4%, and Nasdaq futures retreating 1% before the start of regular trading. The US international trade deficit widened to $77.59 billion in May from a revised $54.57 billion gap in April, compared with a wider gap of $78.4 billion expected in a survey compiled as of 6:30 am ET. Consumer sentiment data for July from RealClearMarkets will be released at 10:00 am ET, followed by the New York Federal Reserve's inflation expectations readings for June at 11:00 am ET. The Atlanta Fed's latest GDP nowcast estimate for Q2 posts around midday. In premarket action, bitcoin was down by 0.6%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.6% lower, Ether ETF (EETH) retreated by.