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 0.2% higher in Tuesday's premarket activity amid a deluge of economic data sure to be parsed by investors.
US stock futures were also higher, with S&P 500 Index futures up 0.2%, Dow Jones Industrial Average futures advancing 0.02%, and Nasdaq futures gaining 0.2% before the start of regular trading.
The National Federation of Independent Business' Small Business Optimism Index slipped to 99.3 in January from 99.5 in December, the association said.
The US employment cost index gained 0.7% in Q4, coming in below expectations for a 0.8% increase.
US retail sales were unchanged in December, missing expectations for a 0.4% gain after a 0.6% increase in the prior month.
US import price index increased 0.1% in December, in line with expectations, while export price index was up 0.3%, exceeding expectations for a 0.1% increase.
The business inventories report for November will be released at 10 am ET.
Dallas Fed President Lorie Logan and Richmond Fed President Tom Barkin will speak today.
In premarket activity, bitcoin was down by 3%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 2.9% lower, Ether ETF (EETH) fell 5.5%, and Bitcoin & Ether Market Cap Weight ETF (BETH) retreated by 2.8%.
Power Play:
Technology
The State Street Technology Select Sector SPDR ETF (XLK) advanced 0.2%, and the iShares US Technology ETF (IYW) was 0.3% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 0.02%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) gained 0.6%, while the iShares Semiconductor ETF (SOXX) rose by 0.5%.
Datadog (DDOG) shares were up more than 10% in recent premarket activity after the company reported higher Q4 adjusted earnings and revenue.
Winners and Losers:
Industrial
The State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.2% while the Vanguard Industrials Index Fund (VIS) and the iShares US Industrials ETF (IYJ) were inactive.
WESCO International (WCC) stock was down more than 8% before the opening bell after the company reported lower-than-expected Q4 adjusted earnings.
Energy
The iShares US Energy ETF (IYE) was inactive, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 0.1%.
BP (BP) stock was down more than 3% before Tuesday's opening bell after the company said it has decided to suspend a share buyback program.
Financial
The State Street Financial Select Sector SPDR ETF (XLF) retreated by 0.4%. Direxion Daily Financial Bull 3X Shares (FAS) was down 1%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.6% higher.
Barclays (BCS) shares were down more than 2% pre-bell after closing the previous day with a 1.1% gain. The company reported higher Q4 basic earnings and total income early Tuesday.
Health Care
The State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.3%, the Vanguard Health Care Index Fund (VHT) was up 0.3%, while the iShares US Healthcare ETF (IYH) was flat. The iShares Biotechnology ETF (IBB) was inactive.
Astrazeneca (AZN) stock was up more than 1% premarket after the company reported higher Q4 core earnings and revenue.
Consumer
The State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.3%, while the Vanguard Consumer Staples Index Fund ETF Shares (VDC) retreated marginally by 0.01%. The iShares US Consumer Staples ETF (IYK) was 0.3% lower. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advanced by 0.2%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) declined by 0.04%.
Hasbro (HAS) shares were up more than 1% pre-bell after the company reported higher Q4 adjusted earnings and revenue.
Commodities
Front-month US West Texas Intermediate crude oil retreated nearly 0.1% to $64.38 per barrel on the New York Mercantile Exchange. Natural gas declined by 0.1% to $3.14 per 1 million British Thermal Units. The United States Oil Fund (USO) gained by 0.3%, while the United States Natural Gas Fund (UNG) was 0.6% lower.
Gold futures for March were down by 0.6% at $5,048.50 an ounce on the Comex. Silver futures declined 1.1% to $81.36 an ounce. SPDR Gold Shares (GLD) retreated by 0.9%, and the iShares Silver Trust (SLV) fell by 2.3%.
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