Exchange-Traded Funds, Equity Futures Down Pre-Bell Wednesday as Traders Await Fed Meeting Minutes
09:22 AM EDT, 10/07/2026 (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) was 0.7% lower in Wednesday's premarket activity as traders await the release of the Federal Reserve's September policy meeting minutes. US stock futures were down, with S&P 500 Index futures declining 0.4%, Dow Jones Industrial Average futures slipping 0.7%, and Nasdaq futures falling 0.7% before the start of regular trading. The release of weekly oil stocks data is expected at 10:30 am ET, and the New York Federal Reserve's inflation expectations report for September is expected at 11 am ET. Minutes of the Sept. 15-16 Federal Open Market Committee meeting are planned to be released at 2:00 pm ET, followed by consumer credit data for August at 3 pm ET. Mortgage applications fell by 4.2% in the week ended Oct. 2 as 30-year fixed mortgage rates rose to another three-year high, according to Mortgage Bankers Association data released Wednesday. In premarket activity, bitcoin was down by 2.3%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 2.4% lower, Ether ETF (EETH) retreated 4.6%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat. Power Play: Technology The State Street Technology Select Sector SPDR ETF (XLK) retreated 1%, the iShares US Technology ETF (IYW) was 0.5% lower, and the iShares Expanded Tech Sector ETF (IGM) was up 0.1%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was inactive, while the iShares Semiconductor ETF (SOXX) fell by 2%. Taiwan Semiconductor Manufacturing (TSM) shares were down 2.1% in premarket activity after Bloomberg News reported that Intel (INTC) Chief Executive Lip-Bu Tan confirmed the company will continue its involvement in Elon Musk's Terafab chip manufacturing project, clarifying earlier statements by Musk about talks with TSM. Winners and Losers: Health Care The State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.
MT newswire•2026-10-07 13:22