In the latest premarket activity, the broad market exchange-traded fund SPDR S&P 500 ETF Trust was up 0.3%, indicating a positive outlook for investors. The actively traded Invesco QQQ Trust advanced by 0.4%, reflecting the strong interest in tech stocks as we approach the end of the trading year. U.S.
stock futures have exhibited upward momentum, with S&P 500 Index futures rising by 0.3%, Dow Jones Industrial Average futures climbing by 0.2%, and Nasdaq futures gaining by 0.3%. This surge precedes regular trading and could indicate a favorable year-end performance for major indices. Market participants await essential economic reports scheduled for 9 am ET, including the S&P CoreLogic Case-Shiller home price index and the Federal Housing Finance Agency House Price Index, which could provide insights into the housing market's health.
Additionally, the U.S. Department of Agriculture's Farm Prices report is expected at 3 pm ET, which will shed light on commodity price trends. In the cryptocurrency sector, Bitcoin saw a slight dip of 0.4% in premarket, while the ProShares Bitcoin Strategy ETF reflected a 0.3% decline, highlighting ongoing volatility in digital assets amid market fluctuations. Turning to consumer-related sectors, the Consumer Staples Select Sector SPDR Fund experienced a minor decline of 0.1%.
The Vanguard Consumer Staples Fund remained inactive, while the iShares U.S. Consumer Staples ETF also showed no activity. However, in the discretionary space, the Consumer Discretionary Select Sector SPDR Fund saw a gain of 0.3%. The market remains on high alert for retail sector developments as the VanEck Retail ETF and SPDR S&P Retail ETF remained inactive. In a notable turn of events, shares of Real Good Food decreased by 22% before the market opened after the company announced that its board approved a 12-for-1 reverse split of its Class A and Class B common shares effective at 5 pm ET on January 3, with the goal of regaining compliance with Nasdaq's minimum bid price requirement. In the industrial sector, the Industrial Select Sector SPDR Fund remained flat, while the Vanguard Industrials Index Fund and the iShares US Industrials ETF did not see any activity.
However, EHang Holdings stock jumped by more than 7% after the company raised its guidance for Q4 and fiscal 2024 revenue, showcasing positive investor sentiment towards the company's future prospects. The technology sector witnessed the Technology Select Sector SPDR Fund advance 0.5%. The iShares U.S.
Technology ETF showed a minor increase of 0.1%, while the iShares Expanded Tech Sector ETF did not trade. Notably, among semiconductor ETFs, the SPDR S&P Semiconductor ETF remained inactive, whereas the iShares Semiconductor ETF rose by 0.7%, indicating a robust interest in semiconductor stocks which are critical to technology advancement. Conversely, shares of Dave dropped by more than 6% before opening after the U.S.
Department of Justice announced that the company and its CEO, Jason Wilk, face a joint complaint for allegedly misleading consumers, raising concerns about corporate governance and consumer trust. In the health care arena, the Health Care Select Sector SPDR Fund advanced 0.3%, while the Vanguard Health Care Index Fund gained 0.2%, and the iShares U.S.
Healthcare ETF remained inactive. The iShares Biotechnology ETF increased by 0.3%, signifying ongoing investor confidence in health-related stocks. Waystar Holding's stock decreased by more than 4% premarket after the company confirmed it has amended its first lien credit agreement, repricing its term loan, and increasing its revolving credit facility, showing caution among investors regarding financial health. The financial sector exhibited some improvement as the Financial Select Sector SPDR Fund advanced by 0.3%.
Notably, Direxion Daily Financial Bull 3X Shares climbed by 0.7%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares, fell by 0.6%, reflecting the fluctuations typical in the financial sector. HomeStreet shares fell by more than 3% pre-bell after the company disclosed that its HomeStreet Bank unit had sold $990 million of multi-family commercial real estate loans on a servicing retained basis, drawing attention to potential shifts in real estate financing. In energy markets, the iShares U.S.
Energy ETF remained inactive; however, the Energy Select Sector SPDR Fund was up by 0.5%, indicating a positive view on energy sector investments. On the commodities front, front-month U.S. West Texas Intermediate crude oil advanced 0.6% to $71.41 per barrel on the New York Mercantile Exchange, while natural gas prices fell 4.3% to $3.77 per million British Thermal Units.
The United States Oil Fund saw a 0.2% increase, while the United States Natural Gas Fund declined by 3.1%, showcasing volatility in both crude and natural gas markets. Gold futures for February rose by 0.2% to $2,622.90 an ounce on the Comex, whereas silver futures slipped by 0.2% to $29.35 an ounce.
SPDR Gold Shares increased by 0.1%, while the iShares Silver Trust declined by 0.5%, illustrating the ongoing shifts in precious metals as global market conditions evolve..