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BUZZ-U.S. stocks weekly: Hesitation

Fri 11th December, 2020 9:26pm
** S&P 500  .SPX  snaps 2-week winning streak, loses 1% as
stimulus uncertainty weighs  .N   urn:newsml:reuters.com:*:nL1N2IR2JZ
    ** This as the benchmark index may have hit rarefied air
 urn:newsml:reuters.com:*:nL1N2IN132, as a fork in the sky nears  urn:newsml:reuters.com:*:nL1N2IO11S
    ** Indeed, the Dow  .DJI  was coming to a point
 urn:newsml:reuters.com:*:nL1N2IP14C, which may have led to a key reversal day
 urn:newsml:reuters.com:*:nL1N2IP2KS
    ** And now the pattern may be full  urn:newsml:reuters.com:*:nL1N2IQ1XX, while the
FANG index  .NYFANG  is still getting its teeth "cleaned"
 urn:newsml:reuters.com:*:nL1N2IO23X
    ** Nearly every sector declines: Real estate, financials and
tech fall most, while energy shines
    ** Real Estate  .SPLRCR  slumps 2.9%. Simon Property  SPG.N 
slides after acquiring part of J.C. Penney's retail and
operating assets  urn:newsml:reuters.com:*:nL4N2IN3PH
    ** Tech  .SPLRCT  drops 1.4%. Chipmaker Qualcomm Inc
 QCOM.O  worst in group, down >8%, on report Apple  AAPL.O 
developing its own cellular modem  urn:newsml:reuters.com:*:nL4N2IR2RV
    ** Consumer Discretionary  .SPLRCD  down 1.2%. But Starbucks
 SBUX.O  hits record high on long-term profit forecast
 urn:newsml:reuters.com:*:nL4N2IQ37N
    ** Healthcare  .SPXHC  slips 0.8%. U.S. FDA 'working
rapidly' on Pfizer  PFE.N  COVID-19 vaccine decision
 urn:newsml:reuters.com:*:nL1N2IR109. Eli Lilly  LLY.N  gains on positive data from
diabetes drug study  urn:newsml:reuters.com:*:nL4N2IP3AS
    ** Industrials  .SPLRCI  off 0.5%. GE  GE.N  falls on $200
mln penalty to settle charges for disclosure failures in power,
insurance businesses  urn:newsml:reuters.com:*:nL4N2IP48T
    ** Communications Services  .SPLRCL  ticks up. Walt Disney
 DIS.N  top SPX stock, surges 14%, on upbeat streaming
subscribers target, Disney+ ramp up  urn:newsml:reuters.com:*:nL4N2IR2TL. Though
Facebook  FB.O  fades as it faces lawsuits that could force
Instagram, WhatsApp sale  urn:newsml:reuters.com:*:nL4N2IQ2RF
    ** Energy  .SPNY  adds 1.1%. Sector rises as crude prices
climb on COVID-19 vaccine optimism  urn:newsml:reuters.com:*:nL4N2IQ3HF
    ** Meanwhile, Airbnb  ABNB.O  and DoorDash  DASH.N  dominate
headlines, soar in torrid IPO market  urn:newsml:reuters.com:*:nL1N2IR1Z2 urn:newsml:reuters.com:*:nL1N2IP25S
    ** 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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