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0L4T - TECHNOLOGY SELECT SECTOR SPDR ETF News Story

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Position in Universe th / 1809

BUZZ-U.S. stocks weekly: New highs feast

Fri 27th November, 2020 6:14pm
** S&P 500  .SPX  achieves new record high, posts 2.3% gain
as vaccine headway, Biden transition and recovery hopes buoy
markets  .N 
    ** Dow  .DJI , Nasdaq  .IXIC  and Russell 2000  .RUT  also
celebrate all-time highs
    ** Indeed, the market has been running hot, but might the
Nasdaq soon dial it down?  urn:newsml:reuters.com:*:nL1N2I9133
    ** And when it comes to the Dow, uncharted territory may
have its pitfalls  urn:newsml:reuters.com:*:nL1N2IB14U
    ** Nearly every sector gobbles; energy and financials gorge,
while just real estate feels hungry; though when it comes to
growth vs value, there may have been a goodbye kiss  urn:newsml:reuters.com:*:nL1N2IA18C
    ** Energy  .SPNY  jumps 8.5%. Sector on track for best month
ever with ~34% gain, as crude hits highest since Mar
 urn:newsml:reuters.com:*:nL4N2IA3A5  urn:newsml:reuters.com:*:nL1N2ID07G
    ** Financials  .SPSY  rally 4.6%. Big banks rise on recovery
hope, track yields higher  urn:newsml:reuters.com:*:nL4N2IA2FV. S&P 500 Banks index
 .SPXBK  advances ~7%
    ** Consumer Discretionary  .SPLRCD  up 3%. But retailer
stocks pressured by thin Black Friday crowds  urn:newsml:reuters.com:*:nL4N2ID3DI. Gap
 GPS.N  worst SPX stock, sinks ~11%, on profit miss as pivot to
online sales increases marketing and shipping costs
 urn:newsml:reuters.com:*:nL4N2IB2PL. Still, SPDR S&P Retail ETF  XRT.P  gains >6%
    ** Industrials  .SPLRCI  up 2.4%. Airlines help lift Dow
Transports  .DJT  to record high  urn:newsml:reuters.com:*:nL1N2IA1ZN. DJT adds ~3%,
while Arca Airline index  .XAL  climbs 11%
    ** Tech  .SPLRCT  up 2.1%. Though Salesforce.com  CRM.N 
slips on report it approached workplace messenger platform Slack
Technologies  WORK.N  with acquisition offer  urn:newsml:reuters.com:*:nL4N2IB3FD
    ** Meanwhile, bulls try to run again per latest American
Association of Individual Investors (AAII) Sentiment Survey
 urn:newsml:reuters.com:*:nL1N2ID127
    ** 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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