RPT-BUZZ-U.S. stocks weekly: Baby steps

Mon Feb 29, 2016 8:01am EST
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(Repeats from Friday, no changes to text)

** Stocks move higher for second straight week, chipping away at YTD losses, still closely aligned with the direction of crude

** Nibbles again seen in beaten-down names, but many investors question rally's sustainability and massive intraday market swings subdue trading volumes

** S&P 500 index adds 1.6 pct with 9 of 10 sectors notching gains

** Materials, a laggard over last few months, is best sector, up 3.1 pct. Alcoa Inc lifts 13 pct and among top SPX performers

** Consumer discretionary a close second, up 2.8 pct, as Home Depot thrives on warm weather and bucks retail gloom

** Tech adds 1.5 pct. Salesforce.com pacifies , while HP Inc copes post divorce

** Reprieve extends for financials, up 1.5 pct, even as banks warn on energy exposure and dearth of capital markets business takes its toll

** Energy ekes out a 0.4 pct gain as oil prices stabilize and the E&P equity raise parade marches on   Continued...