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Exchange-Traded Funds Lower, Equity Futures Mixed Pre-Bell Tuesday Ahead of US Midterm Election Results

Exchange-Traded Funds Lower, Equity Futures Mixed Pre-Bell Tuesday Ahead of US Midterm Election Results

MT newswireMT newswire2026/11/03 12:59
By:MT newswire
08:59 AM EST, 11/03/2026 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.2% and the actively traded Invesco QQQ Trust (QQQ) was 0.3% lower in Tuesday's premarket activity as investors assessed corporate earnings and awaited the US midterm election results. US stock futures were mixed, with S&P 500 Index futures down 0.1%, Dow Jones Industrial Average futures slipping 0.7%, and Nasdaq futures gaining 0.4% before the start of regular trading. Factory orders and job openings data for September will be released at 10 am ET. In premarket activity, bitcoin was up by 0.8%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1% higher, Ether ETF (EETH) advanced 1.6%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat. Power Play: Industrial The State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.3%, while the Vanguard Industrials Index Fund (VIS) and the iShares US Industrials ETF (IYJ) were inactive. Enpro (NPO) stock was up more than 4% before the opening bell after the company reported higher Q3 adjusted earnings and net sales. Winners and Losers: Healthcare The State Street Health Care Select Sector SPDR ETF (XLV) retreated 0.5%, 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 0.5%. Alkermes (ALKS) stock was up more than 3% premarket after the company reported surprise Q3 earnings. Consumer The State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.9%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was up 0.7%, and the iShares US Consumer Staples ETF (IYK) was 0.3% lower. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.4%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was flat. Yum! Brands (YUM) shares were up more than 3% pre-bell after the company reported better-than-expected Q3 earnings and higher revenue. Technology The State Street Technology Select Sector SPDR ETF (XLK) advanced 0.4%, the iShares US Technology ETF (IYW) was 0.3% higher, and the iShares Expanded Tech Sector ETF (IGM) was down 0.02%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) gained 1.1%, while the iShares Semiconductor ETF (SOXX) rose by 2.8%. Apple (AAPL) shares were down more than 3% after CEO John Ternus warned that a global surge in memory procurement prices is heavily squeezing profitability. Energy The iShares US Energy ETF (IYE) gained 0.1%, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 0.5%. Energy Transfer (ET) stock was up more than 1% before market open after the company reported higher Q3 net income and revenue. Financial The State Street Financial Select Sector SPDR ETF (XLF) retreated 0.6%. Direxion Daily Financial Bull 3X Shares (FAS) was down 1.5%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1.6% higher. Apollo Global Management (APO) shares were down 1% after the company reported lower Q3 adjusted net income and revenue. Commodities Front-month US West Texas Intermediate crude oil gained 0.9% to reach $97.28 per barrel on the New York Mercantile Exchange. Natural gas was up 1.9% at $2.91 per 1 million British Thermal Units. The United States Oil Fund (USO) increased by 1%, while the United States Natural Gas Fund (UNG) was 1.1% higher. Gold futures for November declined 0.6% to $3,945.50 an ounce on the Comex. Silver futures retreated 2.3% to $49.70 an ounce. SPDR Gold Shares (GLD) was down 0.2%, and the iShares Silver Trust (SLV) was 1.5% lower.
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