Exchange-Traded Funds, Equity Futures Down Pre-Bell Thursday as Oil Prices Rise After Trump Says He Does Not Want Iran Deal
09:23 AM EDT, 10/08/2026 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.4%, and the actively traded Invesco QQQ Trust (QQQ) slipped 0.6% in Thursday's premarket activity, as oil prices rose after US President Donald Trump said he does not want a deal with Iran to end the war. US stock futures were down, with S&P 500 Index futures dropping 0.5%, Dow Jones Industrial Average futures slipping 0.8%, and Nasdaq futures dropping 0.7% before the start of regular trading. US initial jobless claims fell to a level of 197,000 in the week ended Oct. 3 from 199,000 in the previous week, compared with expectations for an increase to 200,000 in a survey compiled by Bloomberg. Wholesale inventories data for August are expected at 10:00 am ET. Weekly natural gas stocks data are due to be released at 10:30 am ET, and the Atlanta Federal Reserve is expected to update its GDP nowcast estimate around midday. In premarket action, bitcoin was down by 1.3%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.4% lower, Ether ETF (EETH) retreated 1.4%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was inactive. Power Play: Technology The State Street Technology Select Sector SPDR ETF (XLK) retreated 0.9%, the iShares US Technology ETF (IYW) was 0.7% lower, and the iShares Expanded Tech Sector ETF (IGM) was down 2.1%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was inactive, while the iShares Semiconductor ETF (SOXX) dropped by 1.9%. Taiwan Semiconductor Manufacturing (TSM) shares were down 1.5% in premarket activity after Bloomberg reported that the company logged a 51% jump in quarterly revenue, helped by the AI boom. Winners and Losers: Consumer The State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.7%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was inactive, and the iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF
MT newswire•2026-10-08 13:23