$133.11 133.1  0.0%

Market Cap £n/a
Enterprise Value £n/a
Revenue £n/a
Position in Universe th / 1805

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

Mon 23rd November, 2020 11:08am
(Repeats from Friday, no changes to text. Adds chart) ** 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*:nL1N2I222A, and a Nasdaq castle wall falls*:nL1N2I31V2 ** the SPX is hot to the touch, may need to cool down*:nL1N2I51XN ** Though when it comes to small-cap tech vs large-cap tech, the little guys grab the spotlight*:nL1N2I611F ** Most sectors decline; utilities and healthcare feel weak, while energy shows vitality ** Healthcare .SPXHC slides 3%. Pharmacy chains, drug distributors slump as AMZN.O throws hat in the ring*:nL4N2I32YP. Though Pfizer PFE.N rises Fri as co to submit emergency use authorization request to U.S. FDA for COVID-19 vaccine*:nL4N2I62KU ** Consumer Staples .SPLRCS off 1.4%. But Walmart WMT.N inches to record high, forecasts promising holiday season as online sales soar*:nL4N2I32J1 ** Tech .SPLRCT slips 0.9%. Chipmaker Nvidia NVDA.O dips as it expects decline in Q4 data center sales*:nL4N2I52Z4 ** Consumer Discretionary .SPLRCD ticks down. Target TGT.N rises on Q3 beat as same-day delivery boosts online demand*:nL4N2I435G. On the flip side, Home Depot HD.N falls on high employee benefits, margin pressure*:nL4N2I32QU, and rival Lowe's LOW.N drops as holiday-qtr forecast misses consensus*:nL4N2I431R ** Industrials .SPLRCI up 1%. Boeing BA.N among top sector performers, up ~7%, as U.S. approves 737 MAX return*:nL4N2I4331, boosts airlines*: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*:nL1N2I604G ** Meanwhile, Tesla TSLA.O surges ahead of its Dec S&P 500 debut, adds to dominance of benchmark index's biggest players*:nL1N2I530C. And as Bitcoin BTC=BTSP climbs, nears 2017 bubble peak*:nL8N2I645X, backers hope this time it's different*:nL4N2I43AL, as it may be the new gold*:nL1N2I31EL ** SPX performance YTD: <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ SP 500 2020 YTD THROUGH NOV 20 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Lance Tupper and Terence Gabriel are Reuters market analysts. The views expressed are their own) ((
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.