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0L4T - TECHNOLOGY SELECT SECTOR SPDR ETF News Story

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Position in Universe th / 1805

BUZZ-U.S. stocks weekly: Stimulus may need a shot

Fri 20th November, 2020 9:29pm
** S&P 500  .SPX  snaps 2-week win streak, loses 0.8%.
Fading fiscal stimulus and shutdown jitters sap some vaccine
cheer  .N 
    ** Indeed, although the re-opening trade ratchets up
 urn:newsml:reuters.com:*:nL1N2I222A, and a Nasdaq castle wall falls  urn:newsml:reuters.com:*:nL1N2I31V2
    ** the SPX is hot to the touch, may need to cool down
 urn:newsml:reuters.com:*:nL1N2I51XN
    ** Though when it comes to small-cap tech vs large-cap tech,
the little guys grab the spotlight  urn:newsml:reuters.com:*:nL1N2I611F
    ** Most sectors decline; utilities and healthcare feel weak,
while energy shows vitality
    ** Healthcare  .SPXHC  slides 3%. Pharmacy chains, drug
distributors slump as Amazon.com  AMZN.O  throws hat in the ring
 urn:newsml:reuters.com:*:nL4N2I32YP. Though Pfizer  PFE.N  rises Fri as co to submit
emergency use authorization request to U.S. FDA for COVID-19
vaccine  urn:newsml:reuters.com:*:nL4N2I62KU
    ** Consumer Staples  .SPLRCS  off 1.4%. But Walmart  WMT.N 
inches to record high, forecasts promising holiday season as
online sales soar  urn:newsml:reuters.com:*:nL4N2I32J1
    ** Tech  .SPLRCT  slips 0.9%. Chipmaker Nvidia  NVDA.O  dips
as it expects decline in Q4 data center sales  urn:newsml:reuters.com:*:nL4N2I52Z4
    ** Consumer Discretionary  .SPLRCD  ticks down. Target
 TGT.N  rises on Q3 beat as same-day delivery boosts online
demand  urn:newsml:reuters.com:*:nL4N2I435G. On the flip side, Home Depot  HD.N  falls
on high employee benefits, margin pressure  urn:newsml:reuters.com:*:nL4N2I32QU, and
rival Lowe's  LOW.N  drops as holiday-qtr forecast misses
consensus  urn:newsml:reuters.com:*:nL4N2I431R
    ** Industrials  .SPLRCI  up 1%. Boeing  BA.N  among top
sector performers, up ~7%, as U.S. approves 737 MAX return
 urn:newsml:reuters.com:*:nL4N2I4331, boosts airlines  urn:newsml:reuters.com:*:nL4N2I43M5. Arca Airline index
 .XAL  lifts >6%
    ** Energy  .SPNY  jumps 5%. Beleaguered group rallies as oil
prices post 3rd straight weekly advance, buoyed by successful
COVID-19 vaccine trials, while renewed lockdowns cap gains
 urn:newsml:reuters.com:*:nL1N2I604G
    ** Meanwhile, Tesla  TSLA.O  surges ahead of its Dec S&P 500
debut, adds to dominance of benchmark index's biggest players
 urn:newsml:reuters.com:*:nL1N2I530C. And as Bitcoin  BTC=BTSP  climbs, nears 2017
bubble peak  urn:newsml:reuters.com:*:nL8N2I645X, backers hope this time it's different
 urn:newsml:reuters.com:*:nL4N2I43AL, as it may be the new gold  urn:newsml:reuters.com:*:nL1N2I31EL
    ** 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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