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 0.5% in Friday's premarket activity as traders shift their focus to corporate quarterly earnings.

US stock futures were also higher, with S&P 500 Index futures up 0.4%, Dow Jones Industrial Average futures slipping 0.3%, and Nasdaq futures gaining 0.5% before the start of regular trading.

US producer prices unexpectedly fell 0.4% in March, driven by declines in energy and food costs, marking a slowdown in annual inflation, government data showed Friday.

The University of Michigan consumer sentiment report for April will be released at 10 am ET.

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

Federal Reserve Boston President Susan Collins speaks at 9 am ET, St. Louis President Alberto Musalem at 10 am ET, and New York President John Williams at 11 am ET.

In premarket activity, bitcoin was up by 2.9% and the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 3.1% higher.

Power Play:

Health Care

The Health Care Select Sector SPDR Fund (XLV) advanced 0.5%. The Vanguard Health Care Index Fund (VHT) was up 2.3% while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) advanced 1.6%.

Argenx (ARGX) stock was up 4.9% premarket after the company received the US Food and Drug Administration's approval for Vyvgart hytrulo prefilled syringe for self-injection to treat adult patients with generalized myasthenia gravis.

Winners and Losers:

Consumer

The Consumer Staples Select Sector SPDR Fund (XLP) was up 0.6%, while the Vanguard Consumer Staples Fund (VDC) was down 1.8%. The iShares US Consumer Staples ETF (IYK) advanced 1.6%, and the Consumer Discretionary Select Sector SPDR Fund (XLY) gained 0.6%. The VanEck Retail ETF (RTH) was inactive, while the SPDR S&P Retail ETF (XRT) fell 0.9%.

Stellantis (STLA) shares were down nearly 3% pre-bell after the company reported Q1 shipment estimates of 1.2 million units globally, representing a 9% drop from a year earlier.

Financial

Financial Select Sector SPDR Fund (XLF) advanced 0.5%. Direxion Daily Financial Bull 3X Shares (FAS) was up 2.3%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 2% lower.

BlackRock (BLK) shares were up 1.3% pre-bell Friday after the company reported higher Q1 adjusted earnings and revenue.

Industrial

Industrial Select Sector SPDR Fund (XLI) advanced 0.3% while the Vanguard Industrials Index Fund (VIS) and the iShares US Industrials ETF (IYJ) were inactive.

Fastenal (FAST) stock was down 1% before the opening bell. The company reported flat Q1 net income and higher net sales.

Technology

Technology Select Sector SPDR Fund (XLK) advanced 0.8%, and the iShares US Technology ETF (IYW) was 0.7% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 1.4%. Among semiconductor ETFs, SPDR S&P Semiconductor ETF (XSD) was inactive, while the iShares Semiconductor ETF (SOXX) rose by 0.4%.

Accenture (ACN) stock was down 1.5% and Booz Allen Hamilton (BAH) lost nearly 2% pre-bell after a Pentagon memo released Thursday showed the companies, alongside Deloitte, are losing IT contracts worth $4 billion as part of the Trump administration's attempt to reduce spending on consultants.

Energy

The iShares US Energy ETF (IYE) was up 1.6%, while the Energy Select Sector SPDR Fund (XLE) gained 1%.

Ring Energy (REI) stock was up 4% before Friday's opening bell after the company appointed Carla Tharp as an independent director on its board and said current board member Regina Roesener would retire, effective April 14.

Commodities

Front-month US West Texas Intermediate crude oil gained 0.2% to reach $60.16 per barrel on the New York Mercantile Exchange. Natural gas retreated 4.2% to $3.41 per 1 million British Thermal Units. United States Oil Fund (USO) lost 0.02%, while the United States Natural Gas Fund (UNG) was 2.6% lower.

Gold futures for June rose 1.8% to $3,234.80 an ounce on the Comex, while silver futures advanced 2.3% to $31.46 an ounce. SPDR Gold Shares (GLD) was up 1.8%, and the iShares Silver Trust (SLV) was 0.9% higher.