SPDR S&P 500 (SPY): -0.53%

PowerShares QQQ (QQQQ): -0.88%

ProShares Ultra Financials (UYG): -1.56

Direxion Shares ETF Trust (FAZ): +2.82%

United States Natural Gas Fund (UNG): unch

ProShares UltraShort S&P500 (SDS): +0.9%

ProShares Ultra S&P500 (SSO): -0.94%

SPDR Gold Trust (GLD): -0.56%

The top ETF volume movers in pre-market action this morning:

SPY, +0.53%

IWM, +0.79%

QQQQ, +0.65%

GLD, +0.4%

QID, -1.31%

Winners and Losers

Major market ETFs, including the SPY, DIA, UYG and others, are mostly firmer, getting a boost from the broader market on mergers and acquisitions news. Stocks are so far setting up for early gains, after Xerox (XRX) says it will buy Affiliated Computer Services (ACS) in a $6.4 billion deal and a handful of healthcare companies made some smaller purchases.

The PowerShares QQQ (QQQQ), which tracks the technology-studded Nasdaq Composite, is up 0.7% this morning, also helped by the M&A news.

Technology Select Sector SPDR (XLK) is flat in light volume after dipping in extended-hours trading. iShares U.S. Technology (IYW) should see increased interest closer to the opening bell. iShares S&P North American Technology Semiconductor (IGW) and Semiconductor HOLDRs (SMH) also could see increased interest closer to the bell.

ACS is up more than 21% in premarket action after XRX says it will pay 4.935 XRX shares and $18.60 in cash for each share of ACS, totaling $63.11 per share based on Friday's closing price.

Select Financial Sector SPDRS (XLF) is up 0.62%. The Direxion Financial Bull 3X fund (FAS) is up 1.69%; its bearish counterpart, FAZ, is down 1.57%. Major banking shares, mortgage firms and insurance shares are all seeing modest upside so far this morning.