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) was 0.7% higher in Monday's premarket activity, ahead of earnings from big technology companies like Alphabet (GOOG, GOOGL) and Apple (AAPL).

US stock futures were also higher, with S&P 500 Index futures up 0.4%, Dow Jones Industrial Average futures advancing 0.4%, and Nasdaq futures gaining 0.6% before the start of regular trading.

The Dallas Fed Manufacturing survey for October will be released at 10:30 am ET.

In premarket activity, bitcoin was up by 1.3% and the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 2.8% higher.

Power Play:

Health Care

The Health Care Select Sector SPDR Fund (XLV) advanced 0.2%. The Vanguard Health Care Index Fund (VHT) was up 0.9% while the iShares US Healthcare ETF (IYH) was flat. The iShares Biotechnology ETF (IBB) was 0.03% higher.

Royal Philips (PHG) shares were down more than 16% premarket after the company reported lower Q3 sales and cut its 2024 comparable sales growth outlook.

Winners and Losers:

Industrial

Industrial Select Sector SPDR Fund (XLI) advanced 0.6% while the Vanguard Industrials Index Fund (VIS) and the iShares US Industrials ETF (IYJ) were inactive.

Elbit Systems (ESLT) stock was up 7% after the company said it won a contract worth $200 million from the Israeli Ministry of Defense to supply high-power laser systems.

Consumer

The Consumer Staples Select Sector SPDR Fund (XLP) was up 0.6%, while the Vanguard Consumer Staples Fund (VDC) was inactive. The iShares US Consumer Staples ETF (IYK) was down 0.1%, and the Consumer Discretionary Select Sector SPDR Fund (XLY) gained 0.6%. The VanEck Retail ETF (RTH) and the SPDR S&P Retail ETF (XRT) were inactive.

WeRide's (WRD) shares were up 4% pre-bell after the company said it expects the total proceeds of its initial public offering to amount to $458.5 million.

Energy

The iShares US Energy ETF (IYE) fell 1.6%, while the Energy Select Sector SPDR Fund (XLE) was down by 1.9%.

Alliance Resource Partners (ARLP) stock was down 2.5% before Monday's opening bell after the company reported lower Q3 earnings and revenue that also trailed Capital IQ analysts' estimates.

Technology

Technology Select Sector SPDR Fund (XLK) advanced 0.6%, and the iShares US Technology ETF (IYW) was 0.6% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 1.3%. Among semiconductor ETFs, SPDR S&P Semiconductor ETF (XSD) was inactive, while the iShares Semiconductor ETF (SOXX) rose by 0.8%.

Advanced Micro Devices (AMD) shares were up 1.5% in recent premarket activity after the company and ECARX Holdings (ECX) officially launched the smart #5, the first mid-size sport-utility-vehicle which is powered by AMD Ryzen Embedded V2000 Series processors.

Financial

Financial Select Sector SPDR Fund (XLF) gained 0.6%. Direxion Daily Financial Bull 3X Shares (FAS) was up 1.4%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.6% lower.

Willis Towers Watson (WTW) shares were up 1.2% pre-bell Monday after the company said it had secured a license to act as an insurance broker in the Kingdom of Saudi Arabia.

Commodities

Front-month US West Texas Intermediate crude oil fell 6% to $67.46 per barrel on the New York Mercantile Exchange. Natural gas declined 5.8% to $2.41 per 1 million British Thermal Units. United States Oil Fund (USO) was down 5.8%, while the United States Natural Gas Fund (UNG) lost 4.4%.

Gold futures for December retreated 0.4% to $2,742.70 an ounce on the Comex, while silver futures declined by 0.8% to $33.51 an ounce. SPDR Gold Shares (GLD) slipped 0.4%, and iShares Silver Trust (SLV) was 0.6% lower.