The broad market exchange-traded fund SPDR S&P 500 ETF Trust SPY was down 0.1% and the actively traded Invesco QQQ Trust QQQ advanced 0.04% in Wednesday’s premarket activity as markets traded mixed ahead of the posting of the Federal Reserve’s meeting minutes.
US stock futures were also mixed, with S&P 500 Index futures down 0.1%, Dow Jones Industrial Average futures slipping 0.2%, and Nasdaq futures gaining 0.02% before the start of regular trading.
US mortgage applications fell 6.6% in the week ended Feb. 14 as both refinancing and purchase applications declined amid lower rates, Mortgage Bankers Association data showed Wednesday.
The housing starts and permits report for January will be released at 8:30 am ET, followed by the Atlanta Fed Business Inflation Expectations report for February at 10 am ET, along with the Q4 e-commerce retail sales report.
The Fed is scheduled to post the minutes of its January policy session at 2 pm ET.
Fed Vice Chair Philip Jefferson is slated to speak at 5 pm ET.
In premarket activity, bitcoin was up by 2.4% and the cryptocurrency fund ProShares Bitcoin Strategy ETF BITO was 2.5% higher.
Power Play:
Health Care
The Health Care Select Sector SPDR Fund XLV retreated 0.1%. The Vanguard Health Care Index Fund
VHT was up 0.7% while the iShares US Healthcare ETF
IYH slipped 0.8%. The iShares Biotechnology ETF
IBB was inactive.
Royal Philips PHIA stock was down more than 11% premarket after the company reported weaker-than-expected Q4 adjusted income and lower sales from a year earlier.
Winners and Losers:
Consumer
The Consumer Staples Select Sector SPDR Fund XLP was down 0.1%, while the Vanguard Consumer Staples Fund
VDC was inactive. The iShares US Consumer Staples ETF
IYK was inactive, and the Consumer Discretionary Select Sector SPDR Fund
XLY lost 0.1%. The VanEck Retail ETF
RTH and the SPDR S&P Retail ETF
XRT were inactive.
OneSpaWorld OSW shares were down 5% pre-bell after the company posted lower-than-expected Q4 adjusted net income.
Industrial
Industrial Select Sector SPDR Fund XLI was down 0.1% while the Vanguard Industrials Index Fund
VIS and the iShares US Industrials ETF (IYJ) were inactive.
Enpro NPO stock was up 2.5% before the opening bell after the company reported higher Q4 adjusted earnings and sales that also beat FactSet analyst estimates.
Financial
Financial Select Sector SPDR Fund XLF retreated 0.1%. Direxion Daily Financial Bull 3X Shares
FAS was down 0.4%, while its bearish counterpart Direxion Daily Financial Bear 3X Shares
FAZ was 0.4% higher.
Sixth Street Specialty Lending TSLX shares were up 1.7% pre-bell Wednesday after the company said late Tuesday it priced an underwritten public offering of $300 million in 5.625% notes due 2030.
Technology
Technology Select Sector SPDR Fund XLK was flat, and the iShares US Technology ETF
IYW declined 0.4%, while the iShares Expanded Tech Sector ETF
IGM was flat. Among semiconductor ETFs, SPDR S&P Semiconductor ETF
XSD was down 0.5%, while the iShares Semiconductor ETF
SOXX rose by 0.3%.
Wix.com WIX shares were up 1.7% in recent Wednesday premarket activity after the company posted higher Q4 non-GAAP net income and revenue.
Energy
The iShares US Energy ETF IYE was inactive, while the Energy Select Sector SPDR Fund
XLE was up by 0.1%.
BP BP. stock was down nearly 1% before Wednesday’s opening bell after Bloomberg News reported that the company is mulling a potential sale of its Castrol lubricants business.
Commodities
Front-month US West Texas Intermediate crude oil advanced 0.9% to $72.47 per barrel on the New York Mercantile Exchange. Natural gas gained 3.4% to reach $4.14 per 1 million British Thermal Units. United States Oil Fund USO was up 1% while the United States Natural Gas Fund
UNG was 4.5% higher.
Gold futures for April gained 0.1% to reach $2,952.70 an ounce on the Comex, while silver futures advanced 0.3% to $33.46 an ounce. SPDR Gold Shares GLD were up 0.1%, and the iShares Silver Trust
SLV was 0.1% higher.

















