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

SPDR S&P 500 ( SPY ): -0.1%

iShares MSCI Emerging Index Fund ( EEM ): -0.5%

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

iShares MSCI EAFE ETF ( EFA ): -0.6%

ProShares UltraPro Short QQQ ( SQQQ ):+1.4%

Broad Market Indicators

Broad-market exchange-traded funds, including IWM and IVV were lower. Actively traded PowerShares QQQ (QQQ) was down 0.5%.

US stocks were in the red at session's half, as psychological resistances in the major indices coupled with profit-taking before Q4 results drove share prices lower for the first time in five days. Despite Friday's poor price action, the Dow, S&P 500 and Nasdaq are still on track to close higher for a third consecutive week.

Treasury Secretary Steven Mnuchin said China's vice premier would participate in trade talks later this month, and Fed Vice Chairman Richard Clarida contributed to the dovish recalibration of the Federal Reserve.

Meanwhile, investors mulled inflation data: a 0.1% decline in the December consumer price index was as expected. Excluding food and fuel, consumer prices were up 0.2%, also as expected. Nominal CPI grew at an annualized rate of 1.9% in December versus 2.2% the month prior, while core CPI was at an unchanged annual rate of 2.2%.

Power Play: Consumer

Consumer Staples Select Sector SPDR (XLP) was up 0.1% and Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones U.S. Consumer Goods (IYK) were higher.

Consumer Discretionary Select Sector SPDR (XLY) was up 0.2% while retail funds SPDR S&P Retail (XRT) and Market Vectors Retail ETF (RTH) were firmer.

General Motors Company (GM) rose more than 9% after the automaker offered an upbeat outlook, saying 2018 earnings are expected to come in ahead of guidance, and it's projecting more gains for 2019, including the launch of new vehicles in China even as it cuts jobs in a pivot for North American output. The maker of Chevrolet and Cadillac cars expects 2018 diluted adjusted earnings per share to exceed guidance given on Oct. 31, when Mary Barra, GM's chief executive, said EPS was seen "at the top of our previously communicated guidance range with potential for further upside," according to a conference all transcript. The projection in July was given for diluted EPS of approximately $5.14. For 2019, GM's guidance for EPS was given in a range of $6.50 to $7 per diluted share, the company said Friday.

Winners and Losers

Financial

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

Heartland Financial USA (HTLF) fell 0.5% after it the firm said its consumer finance subsidiaries, Citizens Finance Co. and Citizens Finance of Illinois Co., have sold their existing loan portfolios totaling approximately $70 million to American Credit Acceptance, LLC. The company does not expect the deal to have a material impact on its consolidated financial results.

Technology

Technology Select Sector SPDR ETF (XLK) was down 0.3%, while tech funds iShares Dow Jones US Technology ETF (IYW) and iShares S&P North American Technology ETF (IGM) were in the red.

Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) was up 1.9% and Semiconductor Sector Index Fund (SOXX) was up 1.5%.

Synnex (SNX) shares were up more than 13% after the IT-supply chain services company issued an upbeat fiscal Q1 outlook and topped Wall Street estimates on its fiscal fourth-quarter results. The company said Thursday it anticipates fiscal Q1 adjusted EPS of $2.70 to $2.80 and revenue in the range of $5.23 billion to $5.43 billion. Analysts surveyed by Capital IQ expected EPS of $2.52 on revenue of $5.01 billion. Synnex said fiscal Q4 revenue increased to $5.62 billion, from $5.31 billion a year ago, exceeding the analyst consensus of $5.54 billion.

Energy

Dow Jones US Energy Fund (IYE) was down 1.8% and Energy Select Sector SPDR (XLE) was down 0.6%.

Aethon Energy Management said Friday that it completed its acquisition of natural gas assets from subsidiaries of QEP Resources (QEP). The QEP assets, located in northwest Louisiana, comprise about 49,700 net acres and 607 operated wells of natural gas producing properties and undeveloped acreage, Aethon said in a statement. QEP said in November it was selling the assets for $735 million. QEP shares rose some 0.5%

Commodities

Crude was up 1.8%. United States Oil Fund (USO) was down 1.8%. Natural gas up 3.5% while United States Natural Gas Fund (UNG) was up 2.8%.

Gold was up 0.3%. SPDR Gold Trust (GLD) was up 0.3%. Silver was up 0.3%, while iShares Silver Trust (SLV) was up 0.6%.

Health Care

Health Care SPDR (XLV) was down 0.2%, while other health care funds including Vanguard Health Care ETF (VHT) and iShares Dow Jones U.S. Healthcare (IYH) were lower. Biotechnology fund iShares NASDAQ Biotechnology Index (IBB) was up 0.6%.

Puma Biotechnology (PBYI) was down more than 5% after the cmpany said it entered into an exclusive license agreement with Knight Therapeutics granting the latter exclusive rights to commercialize Nerlynx in Canada. Puma Biotechnology filed a new drug submission in July for Nerlynx with Health Canada for the extended adjuvant treatment of adult patients with early stage HER2-overexpressed/amplified breast cancer following adjuvant trastuzumab-based therapy. Under the terms of the licensing deal, Knight will be responsible for all commercial activities and future regulatory submissions for Nerlynx in Canada. Puma will receive upfront and milestone payments of up to $7.2 million throughout the term of the agreement, as well as double-digit royalties on net sales of Nerlynx in Canada. Neratinib was approved by the Food and Drug Administration in July 2017 and is marketed in the US as Nerlynx tablets.

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