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RPT-BUZZ-U.S. stocks weekly: Coin toss

Tue 16th February, 2021 11:03am
(Repeats from Friday, no changes to text. Updates chart) ** 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: <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ SP 500 2021 YTD THROUGH FEB 12 https://tmsnrt.rs/2Zi2TRJ ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (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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