The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.02% and the actively traded Invesco QQQ Trust (QQQ) advanced 0.03% in Friday's premarket activity, as investors exercised caution ahead of the January employment report.

US stock futures were mixed, with S&P 500 Index futures down 0.01%, Dow Jones Industrial Average futures gaining 0.1%, and Nasdaq futures slipping 0.04% before the start of regular trading.

The January national employment situation bulletin from Washington will be posted at 8:30 am ET.

The University of Michigan consumer sentiment report for February and the wholesale inventories bulletin for December will be released at 10 am ET.

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

Federal Reserve Governor Michelle Bowman speaks at 9:25 am ET, and Governor Adriana Kugler speaks at 12 pm ET.

In premarket activity, bitcoin was up by 1.1% and the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.2% higher.

Power Play:

Technology

Technology Select Sector SPDR Fund (XLK) gained 0.3%, and the iShares US Technology ETF (IYW) was 0.5% higher, while the iShares Expanded Tech Sector ETF (IGM) was down 1.2%. Among semiconductor ETFs, SPDR S&P Semiconductor ETF (XSD) was flat, while the iShares Semiconductor ETF (SOXX) rose by 0.2%.

BILL (BILL) shares were down more than 29% in recent Friday premarket activity after the company said Thursday it expects Q3 revenue of $352.5 million to $357.5 million, lower than FactSet analyst estimates of $360.3 million.

Winners and Losers:

Financial

Financial Select Sector SPDR Fund (XLF) advanced 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.6%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.8% lower.

Perella Weinberg Partners (PWP) shares were up 3% pre-bell Friday after the company reported higher Q4 adjusted net income and revenue.

Energy

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

Prairie Operating (PROP) stock was down 7.4% before Friday's opening bell after the company launched an underwritten public offering of its common stock for $200 million. Prairie also said it has agreed to acquire certain assets from Bayswater Exploration and Production and its affiliated entities for about $602.8 million.

Industrial

Industrial Select Sector SPDR Fund (XLI) advanced 0.2%, the Vanguard Industrials Index Fund (VIS) gained 0.3%, while the iShares US Industrials ETF (IYJ) was inactive.

Proto Labs (PRLB) stock was up 6.8% before the opening bell after the company reported better-than-expected Q4 non-GAAP net income and revenue.

Consumer

The Consumer Staples Select Sector SPDR Fund (XLP) was up 0.1%, while the Vanguard Consumer Staples Fund (VDC) was inactive. The iShares US Consumer Staples ETF (IYK) was inactive, and the Consumer Discretionary Select Sector SPDR Fund (XLY) lost 0.6%. The VanEck Retail ETF (RTH) was down by 0.3%, while the SPDR S&P Retail ETF (XRT) was inactive.

Amazon.com (AMZN) shares were down 3% pre-bell after the company said Thursday it expects to spend over $100 billion on AI infrastructure this year.

Health Care

The Health Care Select Sector SPDR Fund (XLV) advanced 0.1%. The Vanguard Health Care Index Fund (VHT), the iShares US Healthcare ETF (IYH) and the iShares Biotechnology ETF (IBB) were inactive.

Avantor (AVTR) stock was down 2.3% premarket after the company reported lower Q4 net sales that trailed FactSet analyst expectations.

Commodities

Front-month US West Texas Intermediate crude oil gained 0.8% to reach $71.15 per barrel on the New York Mercantile Exchange. Natural gas was up 0.01% at $3.41 per 1 million British Thermal Units. United States Oil Fund (USO) advanced 0.8%, while the United States Natural Gas Fund (UNG) was 1.1% higher.

Gold futures for April advanced 0.5% to $2,889.70 an ounce on the Comex, while silver futures gained 0.1% to reach $32.70 an ounce. SPDR Gold Shares (GLD) were up 0.4%, and the iShares Silver Trust (SLV) was 0.1% lower.