(Repeats from Friday, no changes to text. Adds chart)
** 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:
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
SP 500 2020 YTD THROUGH NOV 27 https://tmsnrt.rs/36k7zuP
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(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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