08:24 AM EST, 03/03/2025 (MT Newswires) -- 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 0.7% in Monday's premarket activity as investors focus on earnings reports by big retail names this week.

US stock futures were also higher, with S&P 500 Index futures up 0.5%, Dow Jones Industrial Average futures advancing 0.3%, and Nasdaq futures gaining 0.7% before the start of regular trading.

The final S&P Global US manufacturing PMI for February will be released at 9:45 am ET.

The Institute for Supply Management's manufacturing index for February, and construction spending for January bulletin, post at 10 am ET.

St. Louis Fed President Alberto Musalem speaks at 11:35 am ET.

In premarket activity, bitcoin was down by 1.3% and the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was more than 10% higher.

Power Play:

Health Care

The Health Care Select Sector SPDR Fund ( XLV ) advanced 0.3%. The Vanguard Health Care Index Fund ( VHT ) was down 0.1% while the iShares US Healthcare ETF ( IYH ) was flat. The iShares Biotechnology ETF (IBB) advanced 0.1%.

Fortrea Holdings ( FTRE ) stock was down more than 25% premarket after the company reported lower-than-expected Q4 adjusted earnings and revenue, and posted downbeat 2025 sales guidance.

Winners and Losers:

Technology

Technology Select Sector SPDR Fund (XLK) gained 0.6%, and the iShares US Technology ETF ( IYW ) was 0.7% higher, 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 1.2%.

AST SpaceMobile ( ASTS ) shares were up more than 7% in recent Monday premarket activity after the company and Vodafone ( VOD ) said they have agreed to create a jointly owned satellite service business for mobile network operators in Europe. Vodafone ( VOD ) stock was up 0.8%.

Consumer

The Consumer Staples Select Sector SPDR Fund ( XLP ) was down 0.02%, while the Vanguard Consumer Staples Fund (VDC) was up 0.4%. The iShares US Consumer Staples ETF ( IYK ) was inactive, and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) gained 0.7%. The VanEck Retail ETF ( RTH ) was inactive, while the SPDR S&P Retail ETF ( XRT ) was flat.

Nomad Foods ( NOMD ) shares were up more than 4% pre-bell after the company posted higher Q4 adjusted earnings and revenue that also beat FactSet analyst estimates.

Financial

Financial Select Sector SPDR Fund (XLF) advanced 0.5%. Direxion Daily Financial Bull 3X Shares ( FAS ) was up 1.6%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 1.6% lower.

ING Groep ( ING ) shares were up more than 4% pre-bell Monday after the company said it reached an agreement with Reggeborgh Groep to acquire an additional 17.6% stake in specialist wealth manager Van Lanschot Kempen.

Industrial

Industrial Select Sector SPDR Fund ( XLI ) advanced 0.6%, while the Vanguard Industrials Index Fund ( VIS ) was down 0.3%. The iShares US Industrials ETF ( IYJ ) was inactive.

Lockheed Martin ( LMT ) stock was up 1.3% before the opening bell after the company said Sunday it is partnering with Nokia ( NOK ) and Verizon (VZ) to incorporate Nokia's ( NOK ) 5G technology into its 5G.MIL Hybrid Base Station. Nokia ( NOK ) shares were 5.6% higher, while Verizon was 0.3% lower.

Energy

The iShares US Energy ETF ( IYE ) was down 0.1%, while the Energy Select Sector SPDR Fund ( XLE ) was up by 0.2%.

VAALCO Energy ( EGY ) stock was up 1.3% before Monday's opening bell after the company said it acquired a 70% interest in and the operatorship of the CI-705 oil exploration block located in offshore Cote D'Ivoire for a $3 million investment.

Commodities

Front-month US West Texas Intermediate crude oil gained 0.3% to reach $69.99 per barrel on the New York Mercantile Exchange. Natural gas advanced 0.9% to $3.87 per 1 million British Thermal Units. United States Oil Fund ( USO ) was up 0.1%, while the United States Natural Gas Fund ( UNG ) rose 1.1%.

Gold futures for April advanced 1.4% to $2,888.10 an ounce on the Comex, while silver futures rose 2.2% to $32.20 an ounce. SPDR Gold Shares ( GLD ) were up 0.8%, and the iShares Silver Trust ( SLV ) was 1.7% higher.