Exchange-Traded Funds, Equity Futures Higher Pre-Bell Thursday Ahead of June Jobs Report

08:20 AM EDT, 07/03/2025 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.2% and the actively traded Invesco QQQ Trust (QQQ) advanced 0.2% in Thursday's premarket activity, ahead of the June jobs report.

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

June's employment situation report is scheduled to be released at 8:30 am ET, alongside the international trade in goods and services report for May and the weekly jobless claims bulletin.

The S&P Global final US PMI composite for June posts at 9:45 am ET, followed by the factory orders report for May and the ISM Services Index for June at 10 am ET.

The weekly EIA natural gas report posts at 10:30 am ET, while the weekly Baker Hughes domestic oil-and-gas rig count posts at 1 pm ET.

Atlanta Federal Reserve President Raphael Bostic speaks on Thursday.

Most US markets will close at 1 pm ET on Thursday, ahead of the Independence Day holiday on Friday.

In premarket action, bitcoin retreated 0.02% and the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) gained 0.1%.

Power Play:

Health Care

The Health Care Select Sector SPDR Fund (XLV) advanced 0.4%. The Vanguard Health Care Index Fund (VHT) was up 0.2% while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) advanced 0.4%.

Inovio Pharmaceuticals (INO) stock was down 25% premarket after the company said that it priced its public offering of about 14.3 million common shares and accompanying series A and B warrants at $1.75 per combination of a share and the warrants, for total proceeds of about $25 million.

Winners and Losers:

Consumer

The Consumer Staples Select Sector SPDR Fund (XLP) was down 0.02%, while the Vanguard Consumer Staples Fund (VDC) was inactive. The iShares US Consumer Staples ETF (IYK) was flat, and the Consumer Discretionary Select Sector SPDR Fund (XLY) gained 0.3%. The VanEck Retail ETF (RTH) was inactive, while the SPDR S&P Retail ETF (XRT) was flat.

TripAdvisor (TRIP) shares were up 8% pre-bell after The Wall Street Journal reported Wednesday that investor Starboard Value has built a 9% stake in the company.

Industrial

Industrial Select Sector SPDR Fund (XLI) advanced 0.1% and the Vanguard Industrials Index Fund (VIS) gained 0.3%, while the iShares US Industrials ETF (IYJ) was inactive.

Aduro Clean Technologies (ADUR) stock was up 3% before the opening bell after the company said it granted stock options to acquire 743,500 shares to certain members of its management, board, staff and consultants.

Technology

Technology Select Sector SPDR Fund (XLK) advanced 0.1%, and the iShares US Technology ETF (IYW) was flat, while the iShares Expanded Tech Sector ETF (IGM) was flat. Among semiconductor ETFs, SPDR S&P Semiconductor ETF (XSD) was inactive, while the iShares Semiconductor ETF (SOXX) rose by 0.2%.

Synopsys (SNPS) shares were up more than 3% in recent premarket activity after the company said late Wednesday that the Bureau of Industry and Security of the US Department of Commerce informed the company that export restrictions related to China have been "rescinded," effective immediately.

Financial

Financial Select Sector SPDR Fund (XLF) advanced 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.6%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was flat.

Banco Santander (SAN) shares were down nearly 1% pre-bell Thursday after gaining 2.3% at Wednesday's close. The company said on Tuesday that it has agreed to buy Banco Sabadell's UK unit for 2.65 billion pounds ($3.62 billion).

Energy

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

Borr Drilling (BORR) stock was down nearly 1% before Thursday's opening bell after the company said that it has priced its offering of 50 million common shares at $2.05 per share for total gross proceeds of $102.5 million.

Commodities

Front-month US West Texas Intermediate crude oil retreated 0.1% to $66.31 per barrel on the New York Mercantile Exchange. Natural gas rose 1.4% to $3.54 per 1 million British Thermal Units. United States Oil Fund (USO) was 0.3% higher, while the United States Natural Gas Fund (UNG) advanced 1.3%.

Gold futures for August retreated 0.1% to $3,356 an ounce on the Comex, while silver futures were up 1.1% to $37.13 an ounce. SPDR Gold Shares (GLD) declined 0.3%, and the iShares Silver Trust (SLV) was 0.8% higher.

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