Markets

ETF Report: ETFs, Stocks Open Regular Session Mixed to Higher Following Case-Shiller Home Price Data; Consumer Confidence Still Ahead

Active broad-market exchange-traded funds at the start of the Tuesday's regular session:

Direxion Daily Gold Miners Index Bull 3X Shares ( NUGT ): +3.7%

Direxion Daily Junior Gold Miners Index Bull 3X Shares ( JNUG ): +4%

SPDR S&P 500 ( SPY ): +0.4%

SPDR Select Sector Fund - Financial ( XLF ): +0.1%

VelocityShares 3X Inverse Natural Gas ETN ( DGAZ ): -2.5%

Broad Market Indicators

Broad-market exchange-traded funds, including SPY, IWM and IVV were inching higher. Actively traded PowerShares QQQ (QQQ) was up 1%.

U.S. stocks opened the regular session mixed to higher, with trading volume light, as expected for the last trading week of the year. Retail stocks will be the focus as the first reports of the results of the holiday shopping season are released.

In economic news data, the S&P Case-Shiller home price index inched up 0.06% to 191.79 in October for the 20-City index, after an 0.11% gain to 191.68 in September.

Looking ahead, the Conference Board's consumer confidence report for December is due at 10 a.m. ET.

Power Play: Health Care

Health care funds Health Care SPDR (XLV), Vanguard Health Care ETF (VHT) and iShares Dow Jones US Healthcare (IYH) were firmer. Biotechnology fund iShares NASDAQ Biotechnology Index (IBB) was up 0.9%.

Seattle Genetics (SGEN) was down 12.4% after the company said the U.S. Food and Drug Administration (FDA) has placed a clinical hold or partial clinical hold on several early stage trials of vadastuximab talirine (SGN-CD33A) in acute myeloid leukemia (AML). The hold was placed to evaluate the potential risk of hepatotoxicity in patients who were treated with SGN-CD33A and received allogeneic stem cell transplant either before or after treatment. Six patients have been identified with hepatotoxicity, including several cases of veno-occlusive disease, with four fatal events, the company said.

Winners and Losers

Financial

Select Financial Sector SPDRs ( XLF ) was up 0.1%. Direxion Daily Financial Bull 3X shares (FAS) was up 0.4% and its bearish counterpart, FAZ was down 0.4%

Deutsche Bank AG (DB) was down 2.3% after the bank said the European Central Bank lowered its minimum capital requirements for 2017. It will require Deutsche to maintain a phase-in Common Equity Tier 1 (CET 1) ratio of at least 9.51% on a consolidated basis, starting January. That is below the bank's current requirement of 10.76%.

Technology

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 higher. Meanwhile, SPDR S&P International Technology Sector ETF (IPK) was up 0.9%.

Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) was up 0.2% and Semiconductor Sector Index Fund (SOXX) was up 0.8%.

Mentor Graphics (MENT) was up 0.1% after it said in a Securities and Exchange Commission filing the U.S. Federal Trade Commission granted early termination, effective immediately, of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for Siemens' pending acquisition of the company.

Energy

Dow Jones U.S. Energy Fund (IYE) was up 0.5% and Energy Select Sector SPDR (XLE) was up 0.5%.

BP (BP) was up 0.4% after the UK's Telegraph said the company is in talks with grocery retailers in three new countries about launching convenience stores after seeing success in the UK. The company is pushing the model as a "global strategy" as it seeks to boost earnings from its worldwide portfolio of 17,200 service stations, according to the story. BP will also continue to expand its M&S partnership in the U.K. with about 50 new sites expected over the coming year, the story said.

Commodities

Crude was up 0.9%. United States Oil Fund (USO) was up 1%. Natural gas was up 1.1% while United States Natural Gas Fund (UNG) was up 1.1%.

Gold was up 0.7%. SPDR Gold Trust (GLD) was up 0.6%. Silver was up 0.7% while iShares Silver Trust (SLV) was up 0.6%.

Consumer

Consumer staples funds were unchanged in the pre-market session. Consumer Staples Select Sector SPDR (XLP), Vanguard Consumer Staples ETF (VDC), and iShares Dow Jones US Consumer Goods (IYK) were higher.

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 firmer.

Toyota Motor Corp (TM) was down 1.3% after Reuters reported that the company has issued a voluntary recall in Russia of 18,757 Lexus vehicles with a fault in their braking systems. The report, citing a statement from Russian standards agency Rosstandart, said the recall affects NX 200, NX 200t and NX 300h models sold after Sept. 11 2014. Separately, the company reported worldwide production increased to 936,729 vehicles in November, up from 856,845 reported in November 2015. Sales in Japan increased to 187,384 vehicles from 177,631 in the same period a year ago. Production in Japan increased to 356,876 units from 338,628 in November 2015.

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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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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