08:31 AM EDT, 07/12/2024 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust ( SPY ) was up 0.1% and the actively traded Invesco QQQ Trust (QQQ) was 0.1% higher in Friday's premarket activity, as big bank earnings kicked off the earnings season ahead of more inflation data.

US stock futures were mixed, with S&P 500 Index futures up 0.04%, Dow Jones Industrial Average futures gaining 0.1% and Nasdaq futures slipping 0.1% before the start of regular trading.

The producer price index report for June will be released at 8:30 am ET, followed by the University of Michigan's July consumer sentiment report at 10 am ET.

The Baker Hughes domestic oil-and-gas rig count posts at 1 pm ET.

In premarket action, bitcoin was down by 0.3% and the cryptocurrency fund ProShares Bitcoin Strategy ETF ( BITO ) was 0.2% lower.

Power Play:

Health Care

The Health Care Select Sector SPDR Fund ( XLV ) advanced 0.3%. The Vanguard Health Care Index Fund ( VHT ) was flat while the iShares US Healthcare ETF ( IYH ) was inactive. The iShares Biotechnology ETF ( IBB ) was up 0.8%.

Immutep ( IMMP ) stock was up nearly 17% premarket after the company said late Thursday it achieved "positive" results from cohort B of the TACTI-003 phase 2b trial evaluating the company's eftilagimod alfa in combination with Merck's (MRK) Keytruda as a potential first-line treatment for recurrent or metastatic head and neck squamous cell carcinoma in patients with negative PD-L1 expression.

Winners and Losers:

Consumer

The Consumer Staples Select Sector SPDR Fund ( XLP ) was up 0.5%, while the Vanguard Consumer Staples Fund (VDC) and the iShares US Consumer Staples ETF ( IYK ) were inactive. The Consumer Discretionary Select Sector SPDR Fund ( XLY ) gained 0.2%. The VanEck Retail ETF ( RTH ) was inactive, while the SPDR S&P Retail ETF ( XRT ) was 0.8% higher.

LuxUrban Hotels ( LUXH ) stock traded down 9% pre-bell after the company said late Thursday it has priced a public offering of 30 million common shares at $0.17 per share.

Industrial

Industrial Select Sector SPDR Fund ( XLI ) advanced 0.4% while the Vanguard Industrials Index Fund ( VIS ) and the iShares US Industrials ETF ( IYJ ) were inactive.

Nano Nuclear Energy ( NNE ) shares were down more than 6% before the opening bell after the company said that it priced its underwritten public offering of 900,000 common shares and warrants to purchase 450,000 common shares at $20 each for gross proceeds of about $18 million.

Financial

Financial Select Sector SPDR Fund ( XLF ) retreated 0.1%. Direxion Daily Financial Bull 3X Shares ( FAS ) was up 0.2%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.2% higher.

Wells Fargo ( WFC ) shares were down more than 5% after the company reported that its Q2 net interest income fell 9% year-over-year, taking the shine out of its higher Q2 financial results.

Technology

Technology Select Sector SPDR Fund ( XLK ) gained 0.2%, and the iShares US Technology ETF ( IYW ) was marginally lower by 0.01%, while the iShares Expanded Tech Sector ETF ( IGM ) was up 0.6%. Among semiconductor ETFs, SPDR S&P Semiconductor ETF ( XSD ) was inactive, while the iShares Semiconductor ETF ( SOXX ) rose by 0.2%.

Karooooo ( KARO ) shares were down 3% in recent Friday premarket activity after the company filed a prospectus Thursday for an offering of 6 million shares from time to time by a selling shareholder.

Energy

The iShares US Energy ETF ( IYE ) was up 0.3%, while the Energy Select Sector SPDR Fund ( XLE ) was 0.4% higher.

DHT Holdings ( DHT ) was down 1.2% after the company said its fleet's estimated time charter equivalent earnings for Q2 are $49,100 per day, while 48% of available spot days for Q3 have been booked at an average rate of $45,600 per day so far.

Commodities

Front-month US West Texas Intermediate crude oil gained 0.8% to $83.31 per barrel on the New York Mercantile Exchange. Natural gas retreated 0.4% to $2.26 per 1 million British Thermal Units. United States Oil Fund ( USO ) was up 0.4%, while the United States Natural Gas Fund ( UNG ) retreated 0.6%.

Gold futures for August were down 0.7% to $2,406.20 an ounce on the Comex, while silver futures fell 2.3% to $31.29 an ounce. SPDR Gold Shares ( GLD ) lost 0.6%, and iShares Silver Trust ( SLV ) was 2.2% lower.