ETF Preview: ETFs, Stocks Mixed as September Draws to a Close on Record Highs

Active broad-market exchange-traded funds in Friday's pre-market session:

SPDR Select Sector Fund - Financial ( XLF ): +0.04%

Direxion Daily Junior Gold Miners Index Bull 3X Shares ( JNUG ): +1.09%

Direxion Daily Gold Miners Index Bull 3X Shares ( NUGT ): +0.12%

SPDR S&P 500 ( SPY ): -0.04%

VanEck Vectors Gold Miners ETF ( GDX ): +0.17%

Broad Market Indicators

Broad-market exchange-traded funds, including SPY, IWM and IVV were edging higher. Actively traded PowerShares QQQ (QQQ) was up 0.16%.

U.S. stock futures were mixed to higher after the S&P 500 reached a closing high Thursday. On the slate for Friday are personal income and outlays at 8:30 am ET; then the Chicago PMI at 9:45 am; the University of Michigan consumer sentiment at 10:00 am, and then the much-watched Baker-Hughes domestic oil-and-gas rig count at 1:00 pm.

In news abroad, industrial production in August in Japan rose 2.1% from July, government data showed. Also, Japan's jobless rate stayed at 2.8% in the month. The national core CPI rate hit 0.7%, below the Bank of Japan's 2.0% target but higher than previous months.

Power Play: Health Care

Health care funds Health Care SPDR (XLV), Vanguard Health Care ETF (VHT) and iShares Dow Jones US Healthcare (IYH) were flat. Biotechnology fund iShares NASDAQ Biotechnology Index (IBB) was also steady.

Zogenix (ZGNX) gained 172% in pre-market, trading at levels not seen since February 2014, after the company reported positive top-line results from its first phase 3 trial for its investigational drug, ZX008, for the treatment of Dravet syndrome.

The trial met its primary objective of demonstrating that ZX008 is superior to placebo as adjunctive therapy in the treatment of Dravet syndrome in children and young adults. The drug also demonstrated statistically significant improvements versus placebo in all key secondary measures, including the proportion of patients with clinically meaningful reductions in seizure frequency and longest seizure-free interval.

Winners and Losers


Select Financial Sector SPDRs ( XLF ) was up 0.04%. Direxion Daily Financial Bull 3X shares (FAS) was flat and its bearish counterpart, FAZ was also flat.

BGC Partners (BGCP) was steady after it said it expects its Q3 revenue and pre-tax earnings to be toward the high end of its previous guidance range, excluding any effect related to its Berkeley Point acquisition or the associated borrowing.

Including Berkeley Points results, BGC now expects revenue for the quarter between $805 and $820 million, up 10% to 12% from the year ago period and ahead of the current Wall Street consensus of $724 million.

On the same basis, BGC expects pre-tax distributable earnings before noncontrolling interest in subsidiaries and taxes to be in the range of between about $152 million and $158 million, an increase of between 25% and 30% compared with $122 million in the third quarter of 2016.


Tech funds Technology Select Sector SPDR ETF (XLK), iShares Dow Jones US Technology ETF (IYW), iShares S&P North American Technology ETF (IGM) and iShares S&P North American Technology-Software Index (IGV) were quiet in pre-market trading .

Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) and Semiconductor Sector Index Fund (SOXX) were inactive.

BlackBerry (BBRY) gained 1% after it signed a new sales and distribution agreement with Tokyo Electron Device Ltd, which will provide device manufacturers in Japan access to BlackBerry's QNX Software Development Platform 7.0.


Dow Jones U.S. Energy Fund (IYE) was flat while Energy Select Sector SPDR (XLE) was down 0.28% in pre-market trade.

Yuma Energy (YUMA), an oil-and-gas driller, shed almost 10% after it upsized and priced a 9.8 million share public offering at $1.00 per share, equal to a 12.3% discount relative to the stock's Thursday closing price.


Crude was down 0.33%. United States Oil Fund (USO) was down 0.38%. Natural gas was down 0.17% while United States Natural Gas Fund (UNG) was down 0.46%.

Gold was up 0.14%. SPDR Gold Trust (GLD) was up 0.13%. Silver was up 0.05% while iShares Silver Trust (SLV) was down 0.13%.


Consumer staples funds Consumer Staples Select Sector SPDR (XLP) was up 0.91%. Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) were unchanged.

Consumer Discretionary Select Sector SPDR (XLY) and retail funds SPDR S&P Retail (XRT), PowerShares Dynamic Retail (PMR) and Market Vectors Retail ETF (RTH) were also flat.

Amazon (AMZN) gained 0.3% after it reportedly sold $1.6 million in Whole Foods brand products in its first month, according to the Wall Street Journal.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 All rights reserved. Unauthorized reproduction is strictly prohibited.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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