BUZZ-U.S. stocks weekly: Lost at sea

Fri Jan 15, 2016 4:12pm EST
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** About $1.5 trillion of market cap lost in first 2 weeks on the SPX as investors grapple with the end of QE, China's slowdown and oil's slide, unleashing a tidal wave of selling

** And from a global perspective, markets have now seen nearly $4 trillion swept away so far this year

** SPX falls 2.2 pct for the week with 9 out of 10 sectors seeing a red tide

** Index dips to lowest level since Oct 2014 before bouncing, while SPDR S&P 500 Trust weekly volume surged to over 1.1 bln shares, 2nd highest in past year

** Materials and Energy sectors submerge further as crude prices bob below $30

** Financials in focus, dip 3.1 pct, as mega banks awash in mixed results

** While insurer Metlife buoyed after deciding bigger isn't better

** In tech, chipmakers plunge with Intel biggest drag on SOX Friday. Index deluged recently by reports of slowing Apple iPhone shipments