RPT-BUZZ-U.S. stocks weekly: Groundhog day

Mon Feb 8, 2016 7:16am EST
 
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(Repeats from Friday, adds index percentage changes)

** Calendar flips to February, but the same themes of slowing global growth, fluctuating oil prices and bets on the Fed's next move repeat

** Week's trading activity largely dictated by corporate scorecards as investors reward in-line/beat reports, while severely punishing stocks of co's lowering forecasts

** The S&P 500 index craters 3 pct for the week with 7 of 10 sectors in the red

** Consumer discretionary worst sector, falls 5.43 pct. Warnings from Ralph Lauren and Kohls weigh on retailers

** Tech a close second (-5.37 pct) as Alphabet briefly dethrones Apple as market-cap king . However, the FANGs come back to bite and crashes by LinkedIn and Tableau Software send chills through sector

** Energy slides 3.3 pct as drillers scale back further. Heavyweight Exxon Mobil Corp joins the belt-tightening parade

** Financials bleed another 3.7 pct and worst sector YTD (down 12.3 pct) with banks still unable to catch a bid

** On positive side, materials enjoy a relief rally, bounce +4.8 pct. Metals and miners emerge from shadows on unwind of popular "long U.S. dollar/short commodities" trade   Continued...