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$383 4.9  1.3%

Last Trade - 6:45pm

Sector
Industrials
Size
Large Cap
Market Cap £84.41bn
Enterprise Value £112.17bn
Revenue £26.36bn
Position in Universe 105th / 6851

RPT-BUZZ-U.S. stocks weekly: Cold snap

Mon 22nd February, 2021 11:03am
(Repeats from Friday, no changes to text. Updates chart) ** S&P 500 .SPX snaps 2-week run, dips 0.7%, as rising bond yields weigh urn:newsml:reuters.com:*:nL1N2KN1NT ** This as another bout of doubt creeps in urn:newsml:reuters.com:*:nL1N2KM11U, and the SPX may have gone from triangle to trend change urn:newsml:reuters.com:*:nL1N2KM2GK, and then a cold open urn:newsml:reuters.com:*:nL1N2KN12Y ** And with Apple AAPL.O at the core of market weakness urn:newsml:reuters.com:*:nL1N2KO28W, it may be time for the Nasdaq .IXIC to put 'em up urn:newsml:reuters.com:*:nL1N2KP14A ** Most sectors catch a chill: Healthcare, utilities and tech shiver, while energy and financials sit by the fire ** Utilities .SPLRCU drop 2%, real estate .SPLRCR off 0.8%. Bond proxies slump on inflation expectations urn:newsml:reuters.com:*:nL1N2KM1KB ** Tech .SPLRCT falls 1.9%. Enphase ENPH.O dims by 8% as solar stocks slide; Biden scraps Trump plan to weaken environmental rules. urn:newsml:reuters.com:*:nL4N2KO3R1 Invesco Solar ETF TAN.P down ~9% Though chip gear maker Applied Materials AMAT.O hits record high Fri after strong results, forecast urn:newsml:reuters.com:*:nL4N2KP3EM ** Consumer Staples .SPLRCS down 1.1%. Walmart WMT.N falls to three-month low after outlook disappoints urn:newsml:reuters.com:*:nL4N2KO3NO, but analysts say investment plans to pay off longer term urn:newsml:reuters.com:*:nL4N2KP25A ** Communication Services .SPLRCL off 0.9%. Facebook FB.O slips after co blocks news content in Australia urn:newsml:reuters.com:*:nL4N2KO377 ** Industrials .SPLRCI up 0.7%. Deere DE.N jumps Fri after farm equipment producer raises outlook on improved demand urn:newsml:reuters.com:*:nL4N2KP2X8 ** Financials .SPSY surge 2.8%. Banks rally as benchmark U.S. 10-yr Treasury yield US10YT=RR hits 1-yr high urn:newsml:reuters.com:*:nL4N2KM2B1, curve steepens urn:newsml:reuters.com:*:nL4N2KP3E1. Wells Fargo WFC.N best in sector, up 13%, on report of Fed approving bank's overhaul plan urn:newsml:reuters.com:*:nL4N2KN3CH ** Energy .SPNY leaps 3.1%. Oil firms rise as Texas cold snap pushes U.S. crude higher urn:newsml:reuters.com:*:nL4N2KM25Y ** Meanwhile, when it comes to 2021 megatrends, cannabis has been hitting the high note urn:newsml:reuters.com:*:nL1N2KN25S and home sales, services PMI: An end to a winter of pandemic discontent? urn:newsml:reuters.com:*:nL1N2KP1ON ** SPX performance YTD: <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ SP 500 2021 YTD THROUGH FEB 19 https://tmsnrt.rs/2Mb8F4O ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (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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