On Tuesday, the broad market exchange-traded fund SPDR S&P 500 ETF Trust ($SPY) recorded a slight increase of 0.1%, while the actively traded Invesco QQQ Trust ($QQQ) saw a rise of 0.3% during premarket activity as American voters approached polling stations for the 2024 presidential elections. US stock futures demonstrated a similar upward trend, with S&P 500 Index futures climbing 0.1%, Dow Jones Industrial Average futures also advancing 0.1%, and Nasdaq futures gaining 0.3% ahead of the market's regular opening. The upcoming release of September's international trade in goods and services bulletin, scheduled for 8:30 am ET, could influence market sentiment, alongside the ISM services index for October, which is set to come out at 10 am ET. In the cryptocurrency market, bitcoin surged by 2.2% during premarket activity, while the ProShares Bitcoin Strategy ETF ($BITO) reflected a gain of 2.3%. **Power Play: Technology** The Technology Select Sector SPDR Fund (XLK) experienced an advance of 0.4%.
Meanwhile, the iShares US Technology ETF ($IYW) edged up by 0.03%, but the iShares Expanded Tech Sector ETF ($IGM.US) saw a marginal rise of 0.2%. Among semiconductor ETFs, the SPDR S&P Semiconductor ETF ($XSD) declined by 0.4%, whereas the iShares Semiconductor ETF ($SOXX) managed a 0.4% increase. Marqeta ($MQ) faced a significant downturn, with shares plummeting nearly 39% in Tuesday's premarket as the company disclosed a Q3 net loss late Monday. **Winners and Losers: Industrial** Within the industrial sector, the Industrial Select Sector SPDR Fund ($XLI), the Vanguard Industrials Index Fund ($VIS), and the iShares US Industrials ETF (IYJ) showed no trading activity.
Timken ($TKR) stock was down 5.2% prior to the market's opening after reporting lower Q3 adjusted earnings and net sales. **Consumer** The Consumer Staples Select Sector SPDR Fund ($XLP) dipped slightly by 0.02%, while the Vanguard Consumer Staples Fund ($VDC) remained inactive. Similarly, the iShares US Consumer Staples ETF ($IYK) was stagnant, although the Consumer Discretionary Select Sector SPDR Fund ($XLY) registered a 0.3% gain.
The VanEck Retail ETF ($RTH) and the SPDR S&P Retail ETF ($XRT) did not trade. Earlier in the day, Ferrari ($RACE) shares decreased by 3.2% before the bell after the company reported Q3 net revenue below analysts' expectations. **Energy** In the energy sector, the iShares US Energy ETF ($IYE) saw inactive trading, while the Energy Select Sector SPDR Fund ($XLE) increased by 0.1%.
Marathon Petroleum ($MPC) shares climbed by 2.9% in premarket trading after reporting Q3 adjusted earnings and revenue that exceeded forecasts. **Health Care** The Health Care Select Sector SPDR Fund ($XLV) saw a 0.2% increase. However, the Vanguard Health Care Index Fund ($VHT), iShares US Healthcare ETF ($IYH), and iShares Biotechnology ETF ($IBB) did not experience trading. Fresenius Medical Care ($FME) shares rose by 1.7% in premarket activity, following a report of increased Q3 earnings. **Financials** The Financial Select Sector SPDR Fund (XLF) showed a minor advance of 0.04%.
On the other hand, Direxion Daily Financial Bull 3X Shares ($FAS.US) rose by 0.3%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares ($FAZ), fell by 0.1%. Broadridge Financial Solutions ($BR) shares declined by 1.4% in pre-bell trading after disappointing fiscal Q1 adjusted earnings and revenue. **Commodities** In commodities markets, front-month US West Texas Intermediate crude oil saw an increase of 0.6%, trading at $71.92 per barrel on the New York Mercantile Exchange.
Natural gas prices declined by 0.6% to $2.76 per 1 million British Thermal Units. The United States Oil Fund (USO) rose by 0.4%, while the United States Natural Gas Fund (UNG) declined by 0.1%. Gold futures for December advanced by 0.1%, reaching $2,749.50 an ounce on the Comex, while silver futures saw a 0.3% increase, reaching $32.72 an ounce.
SPDR Gold Shares ($GLD) gained 0.1%, while the iShares Silver Trust ($SLV) rose by 0.3%..