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Market Update: ETFs Rise, Equity Futures Mixed as Large Cap Earnings Continue

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Market Update: ETFs Rise, Equity Futures Mixed as Large Cap Earnings Continue

As earnings season rolls on, major exchange-traded funds (ETFs) showed gains in pre-market trading on Thursday, January 16, 2025. The SPDR S&P 500 ETF Trust (SPY) climbed 0.2%, while the tech-heavy Invesco QQQ Trust (QQQ) advanced 0.4% ahead of key economic data releases. For more information on the current market update and earnings, including large cap earnings, continue to monitor our updates.

Futures Snapshot

  • S&P 500 Futures: +0.1%

  • Dow Jones Industrial Average Futures: -0.2%

  • Nasdaq Futures: +0.3%

Traders are keeping an eye on upcoming economic reports, including December's retail sales bulletin and the weekly jobless claims report due at 8:30 AM ET. The Philadelphia Fed Manufacturing Index and import/export prices data for December will also be released simultaneously. Later in the morning, November’s business inventories report and the National Association of Home Builders' Housing Market Index for January will be posted at 10 AM ET. Energy traders will be watching the weekly EIA natural gas report at 10:30 AM ET. If you're interested in learning more about ETF investing and market outlook, we have a comprehensive guide available.

Bitcoin & Cryptocurrency Watch

  • Bitcoin: -0.2%

  • ProShares Bitcoin Strategy ETF (BITO): -0.04%

Sector Performance: Winners & Losers

Industrial Sector

  • Industrial Select Sector SPDR Fund (XLI): +0.04%

  • Vanguard Industrials Index Fund (VIS): +0.1%

  • iShares US Industrials ETF (IYJ): Inactive

Cadre Holdings (CDRE) saw a 4.3% pre-market gain after announcing the acquisition of two Carr’s Group engineering units for £75 million ($91.5 million) in cash. Recent earnings reports from major companies have also been closely watched for market signals.

Technology Sector

  • Technology Select Sector SPDR Fund (XLK): +0.8%

  • iShares US Technology ETF (IYW): +0.1%

  • iShares Expanded Tech Sector ETF (IGM): Inactive

  • SPDR S&P Semiconductor ETF (XSD): Inactive

  • iShares Semiconductor ETF (SOXX): +1.4%

Taiwan Semiconductor Manufacturing (2330)