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BUZZ-U.S. stocks weekly: Coin toss

Fri 12th February, 2021 9:30pm
** S&P 500  .SPX  adds 1.2% as next batch of fiscal aid is a
toss-up  .N 
    ** That said, the SPX may be hitting thin air  urn:newsml:reuters.com:*:nL1N2KE19G,
as individual investors may be practicing the art of defensive
driving  urn:newsml:reuters.com:*:nL1N2KE1WZ  urn:newsml:reuters.com:*:nL1N2KI1IT
    ** In any event, micro caps  IWC.P  have been having their
day  urn:newsml:reuters.com:*:nL1N2KF1F9, while the Nasdaq  .IXIC  may be nearing a
brick wall  urn:newsml:reuters.com:*:nL1N2KG1BM, and the Dow  .DJI  may be at a tipping
point  urn:newsml:reuters.com:*:nL1N2KH1EI
    ** By Friday, there was pressure in the pipe  urn:newsml:reuters.com:*:nL1N2KI0XH,
though with a late thrust, the SPX let off some steam
 urn:newsml:reuters.com:*:nL1N2KI1VT
    ** Most sectors come up on the winning side: Energy and tech
at the head, while consumer discretionary and utilities are the
tail
    ** Energy  .SPNY  jumps 4.3%. Oil and gas cos rise on OPEC+
supply cuts, vaccine rollout,  urn:newsml:reuters.com:*:nL4N2KG41V and stimulus hopes
 urn:newsml:reuters.com:*:nL1N2KI03U
    ** Tech  .SPLRCT  lifts 2.3%. PayPal  PYPL.O  hits record
high as bitcoin surges  urn:newsml:reuters.com:*:nL4N2KE3VI. Chip index  .SOX  up 8% as
sector enjoys its best week since early Nov on hopes for govt
action  urn:newsml:reuters.com:*:nL4N2KI2ZW
    ** Financials  .SPSY  up 2%. BNY Mellon  BK.N  rises Thurs
after bank launches digital assets unit, including
cryptocurrencies  urn:newsml:reuters.com:*:nL4N2KH2AA
    ** Communication services  .SPLRCL  up 1.3%. Best SPX
performer Twitter  TWTR.N , up 27%, on strong results
 urn:newsml:reuters.com:*:nL4N2KG3WP, eyes bitcoin if that's how people want to do
business  urn:newsml:reuters.com:*:nL1N2KG1QF. Disney  DIS.N  swings to surprise profit
as streaming success offsets pandemic-hit parks  urn:newsml:reuters.com:*:nL4N2KI1AB
    ** Consumer Discretionary  .SPLRCD  drops 1.3%. Bitcoin
 BTC=BTSP  approaches $50K mark, rallies on heels of Tesla's
 TSLA.O  $1.5 bln investment disclosure  urn:newsml:reuters.com:*:nL4N2KF3GK. TSLA skids
4%
    ** Meanwhile, cannabis stocks light up Reddit as group
surges to new highs  urn:newsml:reuters.com:*:nL4N2KG340. Online dating app operator
Bumble  BMBL.O  rumbles, IPOs stay hot  urn:newsml:reuters.com:*:nL1N2KH2GO
    ** And crypto stocks see big gains on bitcoin's milestone
week  urn:newsml:reuters.com:*:nL4N2KI32K
    ** SPX performance YTD:    
 
 
 (Lance Tupper and Terence Gabriel are Reuters market analysts.
The views expressed are their own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com
terence.gabriel.tr.com@reuters.net
terence.gabriel@tr.com))
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