Exchange-Traded Funds, Equity Futures Higher Pre-Bell Wednesday Amid Economic Data Releases

08:58 AM EST, 12/03/2025 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.3% and the actively traded Invesco QQQ Trust (QQQ) was 0.2% higher in Wednesday's premarket activity amid important economic data releases.

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

US mortgage applications declined 1.4% in the week ended Nov. 28 as a decline in refinancing outweighed the impact of lower 30-year mortgage rates, Mortgage Bankers Association data showed Wednesday.

US private-sector payrolls fell by 32,000 in November, defying expectations for a gain of 10,000, according to ADP data.

The US import price index was unchanged in September, versus expectations for a 0.1% rise and a 0.1% increase previously, while the export price index was also flat compared with forecasts for a 0.1% decline and a 0.1% prior gain.

The index of industrial production report for September will be released at 9:15 am ET.

The US Services Purchasing Managers' Index for November is slated for a 9:45 am ET release, followed by the Institute for Supply Management's services index for November at 10 am ET.

The weekly EIA Petroleum Status Report is due at 10:30 am ET.

In premarket activity, bitcoin was up by 1.9%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.9% higher, Ether ETF (EETH) advanced 3.2%, and Bitcoin & Ether Market Cap Weight ETF (BETH) gained 1.3%.

Power Play:

Health Care

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

Pharvaris (PHVS) stock was down more than 19% premarket after the company said that its therapy deucrictibant met its primary endpoint of rapid symptom relief in patients suffering acute hereditary angioedema attacks as well as all secondary efficacy endpoints in a phase 3 study.

Winners and Losers:

Consumer

The Consumer Staples Select Sector SPDR Fund (XLP) was up 0.2%, while the Vanguard Consumer Staples Fund (VDC) was 0.1% higher. The iShares US Consumer Staples ETF (IYK) fell 3%, and the Consumer Discretionary Select Sector SPDR Fund (XLY) advanced by 0.3%. The VanEck Retail ETF (RTH) was inactive, while the SPDR S&P Retail ETF (XRT) gained 0.4%.

Macy's (M) shares were down more than 5% pre-bell despite the company reporting stronger-than-expected Q3 earnings and raising its full-year guidance.

Financial

Financial Select Sector SPDR Fund (XLF) advanced 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.8%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.8% lower.

Iren (IREN) shares were up more than 2% pre-bell after the company said that it has priced its offering of 39.7 million ordinary shares at $41.12 apiece, with the transaction expected to close on Monday.

Industrial

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

Archer Aviation (ACHR) stock was up more than 1% before the opening bell after the company said that it plans to establish a Miami metropolitan area-based air taxi network.

Technology

Technology Select Sector SPDR Fund (XLK) gained 0.2%, and the iShares US Technology ETF (IYW) was 0.7% higher, while the iShares Expanded Tech Sector ETF (IGM) was inactive. Among semiconductor ETFs, SPDR S&P Semiconductor ETF (XSD) advanced 0.8%, while the iShares Semiconductor ETF (SOXX) rose by 0.9%.

Nextpower (NXT) shares were up more than 1% in recent premarket activity after the company said it is opening an expanded Southeast regional hub with a new remote monitoring center in Nashville.

Energy

The iShares US Energy ETF (IYE) was inactive, while the Energy Select Sector SPDR Fund (XLE) was up by 0.6%.

Eni (E) stock was up more than 1% before Wednesday's opening bell after the company said it has entered a long-term LNG sale agreement with Turkish company Botas.

Commodities

Front-month US West Texas Intermediate crude oil was up 1.3% at $59.42 per barrel on the New York Mercantile Exchange. Natural gas rose 2.8% to $4.98 per 1 million British Thermal Units. The United States Oil Fund (USO) gained 1.2%, while the United States Natural Gas Fund (UNG) was 2.3% higher.

Gold futures for February advanced by 0.5% to $4,242.60 an ounce on the Comex, and silver futures were up by 0.7% at $59.11 an ounce. SPDR Gold Shares (GLD) gained by 0.1%, and the iShares Silver Trust (SLV) fell by 0.1%.

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