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 (XLY) lost 0.5%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was down 0.4%. Tesla (TSLA) shares were down 1.1% pre-bell even after Slovakia's Transport Minister Jozef Raz said in a LinkedIn post that the company's Full Self-Driving system is expected to be available soon in the country. Energy The iShares US Energy ETF (IYE) was 1.3% higher, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 1.9%. ExxonMobil (XOM) shares were up 2.2% before market open despite the company being reported to be at the center of a US Securities and Exchange Commission investigation into whether members of the Climate Action 100+ group coordinated their votes during its May 2021 director election. Financial The State Street Financial Select Sector SPDR ETF (XLF) slipped 0.6%. Direxion Daily Financial Bull 3X Shares (FAS) was down 1.5%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1.7% higher. HSBC (HSBC) shares were down more than 2% pre-bell after closing 4% lower the previous day. Industrial The State Street Industrial Select Sector SPDR ETF (XLI) retreated 0.7%, while the Vanguard Industrials Index Fund (VIS) and the iShares US Industrials ETF (IYJ) were inactive. United Airlines (UAL) shares were down 2.2% before the opening bell, even after FTAI Aviation (FTAI) said it signed a multi-year maintenance, repair, and exchange agreement with the company to provide engine replacements for certain CFM56-7B engines instead of traditional maintenance visits. Health Care The State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.1%, the Vanguard Health Care Index Fund (VHT) was marginally down, while the iShares US Healthcare ETF (IYH) slipped 0.5%. The iShares Biotechnology ETF (IBB) was 1% lower. Argenx (ARGX) shares were down more than 11% premarket after the company said it will discontinue a phase 3 study of efgartigimod subcutaneous in adults with moderate-to-severe Sjogren's disease after an independent data monitoring committee recommended stopping the trial for futility. Commodities Front-month US West Texas Intermediate crude oil increased by 4.9% to $92.58 per barrel on the New York Mercantile Exchange. Natural gas was up 2.1% to $3.27 per 1 million British Thermal Units. The United States Oil Fund (USO) increased by 3.8%, while the United States Natural Gas Fund (UNG) rose 1.6%. Gold futures for November gained by 0.1% to $4,146.40 an ounce on the Comex. Silver futures lost 1.9% to $59.18 an ounce. SPDR Gold Shares (GLD) was up by 0.3%, and the iShares Silver Trust (SLV) dropped by 1.3%.