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RPT-BUZZ-U.S. stocks weekly: Hesitation

Mon 14th December, 2020 12:18pm
(Repeats from Friday, no changes to text. Adds chart) ** 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: <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ SP 500 2020 YTD through Dec 11 https://tmsnrt.rs/2IR5oWQ ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (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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