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Exchange-Traded Funds Higher, Equity Futures Mixed as US October Jobs Rise More than Expected

Exchange-Traded Funds Higher, Equity Futures Mixed as US October Jobs Rise More than Expected

MT newswireMT newswire2026/11/06 13:23
By:MT newswire
09:23 AM EST, 11/06/2026 (MT Newswires) -- The broad market exchange-traded fund State Street SPDR S&P 500 ETF Trust (SPY) was up 0.2%, and the actively traded Invesco QQQ Trust (QQQ) advanced 1.7% in Friday's premarket activity, amid a stronger-than-expected October jobs report. US stock futures were mixed, with S&P 500 Index futures up 0.1%, Dow Jones Industrial Average futures declining 1.1%, and Nasdaq futures gaining 1.4% before the start of regular trading. The October employment report showed nonfarm payrolls rose by 165,000, well above the 70,000 jobs increase expected in a survey compiled by Bloomberg as of 7:05 am ET, while September payrolls were revised upwards to a 60,000 increase and August payrolls were revised upwards to a 186,000 increase, for a net upward revision of 84,000 jobs. The University of Michigan consumer sentiment index for November will be released at 10:00 am ET, while the consumer credit data for September will be released at 3:00 pm ET. St. Louis Fed President Alberto Musalem and Fed Vice Chair for Supervision Michelle Bowman are slated to speak Friday. In premarket action, bitcoin was down 4.6%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.8% lower, Ether ETF (EETH) retreated 0.8%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was inactive. Power Play: Technology The State Street Technology Select Sector SPDR ETF (XLK) increased 2.5%, the iShares US Technology ETF (IYW) was 2% higher, and the iShares Expanded Tech Sector ETF (IGM) was up 0.4%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) gained 3.1%, while the iShares Semiconductor ETF (SOXX) rose by 5%. Cloudflare (NET) shares rose 19% after the company posted higher Q3 adjusted earnings and revenue. Winners and Losers: Healthcare The State Street Health Care Select Sector SPDR ETF (XLV) retreated 1.7%, the Vanguard Health Care Index Fund (VHT) was down 1.6%, while the iShares US Healthcare ETF (IYH) slipped 1.6%. The iShares Biotechnology ETF (IBB) was 0.3% lower. Natera (NTRA) stock was down more than 16% premarket after the company reported a wider-than-expected Q3 loss. Financial The State Street Financial Select Sector SPDR ETF (XLF) fell 1%. Direxion Daily Financial Bull 3X Shares (FAS) was down 3%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 3.5% higher. IREN (IREN) shares traded up 17% in premarket activity after the company reported that its AI cloud revenue climbed 182% sequentially to $200 million. Consumer The State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 2%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was up 0.7%, and the iShares US Consumer Staples ETF (IYK) retreated 1.3%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.3%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) fell 1.4%. Airbnb (ABNB) shares rose 13% after the company reported a stronger-than-expected increase in Q3 earnings and revenue. Industrial The State Street Industrial Select Sector SPDR ETF (XLI) was flat, while the Vanguard Industrials Index Fund (VIS) was up 5.3% and the iShares US Industrials ETF (IYJ) was 0.8% higher. SpaceX's (SPCX) stock was up 5% after a 9% fall in the prior session. Coforge said it has joined SpaceX's Super Intelligence partner network as a transformation partner to support businesses in integrating Grok AI tools into their workflows. Energy The iShares US Energy ETF (IYE) rose 15%, while the State Street Energy Select Sector SPDR ETF (XLE) was down 0.5%. Delek US (DK) stock was up more than 5% after the company reported higher Q3 adjusted earnings and revenue. Commodities Front-month US West Texas Intermediate crude oil gained 0.3% to $90.81 per barrel on the New York Mercantile Exchange. Natural gas was up 1.5% to $2.99 per 1 million British Thermal Units. The United States Oil Fund (USO) increased by 0.2%, and the United States Natural Gas Fund (UNG) was 0.9% higher. Gold futures for November fell 1.3% to $4,059.10 an ounce on the Comex. Silver futures retreated 0.6% to $52.09 an ounce. SPDR Gold Shares (GLD) was down 1.6%, and the iShares Silver Trust (SLV) was 1% lower.
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