Markets Rise Premarket on Tech Optimism and Lower Oil Prices

On Tuesday, October 6, 2026, global markets showed positive momentum in premarket trading, driven by lower oil prices and optimism around tech stocks. The SPDR S&P 500 ETF Trust (SPY) rose 0.5%, while the Invesco QQQ Trust (QQQ) gained 0.6%. US stock futures also climbed, with S&P 500 Index futures up 0.5%, Dow Jones Industrial Average futures advancing 0.7%, and Nasdaq futures gaining 0.7%.

The US international trade deficit widened to $105.57 billion in August, up from $92.83 billion in July, exceeding expectations of $102.1 billion. In cryptocurrency markets, bitcoin rose 0.7%, and the ProShares Bitcoin Strategy ETF (BITO) gained 1%. The Ether ETF (EETH) advanced 1.6%, while the Bitcoin & Ether Market Cap Weight ETF (BETH) remained flat.

Healthcare and technology sectors saw gains, with the State Street Health Care Select Sector SPDR ETF (XLV) up 0.3% and the State Street Technology Select Sector SPDR ETF (XLK) rising 0.7%. Option Care Health (OPCH) shares surged 21% after McKesson (MCK) and CD&R agreed to acquire the company for roughly $5.80 billion. Xanadu Quantum Technologies (XNDU) shares climbed 7% following a multiyear deal with GlobalFoundries (GFS), which was up 1.4%.

The financial sector also showed strength, with the State Street Financial Select Sector SPDR ETF (XLF) advancing 0.3%. The Direxion Daily Financial Bull 3X Shares (FAS) rose 0.9%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was inactive.