BUZZ-U.S. stocks weekly: Wearing the green

Fri Mar 18, 2016 4:22pm EDT
 
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** S&P 500 fittingly flips into positive territory for the year on St Patrick's Day Thursday, ends the week up 1.3 pct

** Dow Jones Industrial Average first to the plus side, carrying a bullish bias

** Stocks on 5-week win streak as BAML's global fund manager survey shows investors hunting for value, though brokerage's clients seen selling into strength

** 9 of 10 S&P sectors higher. Materials up 2.4 pct and energy up 2.5 pct, benefiting from rally in commodities on back of weaker dollar

** Industrials best sector, up 3.4 pct. FedEx Corp delivers a 13.4 pct return on strong results

** Financials gain 1.5 pct as JPMorgan Chase and Bank of America boost their buybacks

** Utilities adds 1.7 pct after FOMC dials back rate hike plans

** Energy buoyed by NYMEX Crude's pierce of $40. Williams Companies up 13 pct, Devon up 11 pct

** Tech rises 2.3 pct. Apple flirts with 2016 high as Wall St gears up for launch of less expensive iPhone at its Mar 21 event   Continued...