BUZZ-U.S. stocks weekly: Put a cork in it

Thu Dec 31, 2015 4:46pm EST
 
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** New Year's bubbly bittersweet as the S&P 500 Index finishes 2015 in the red in a holiday-shortened week marked by thin trading volumes and end-of-year window dressing

** SPX closes at 2043.94 with all 10 S&P sectors down on the week

** Energy sector biggest drag, falls 2.2 pct and easily year's worst performer down about 24 pct on an unabated oil glut. 8 of 10 biggest S&P losers in 2015 are energy co's, led by more than 76-pct plunges by Chesapeake Energy and CONSOL Energy

** Materials next worst with a 1.7-pct drop on week, pulled lower by Freeport McMoRan's nearly 11 pct decline as its co-founder steps down

** In tech, Apple weighs on all markets, slides 2.6 pct and suffers its first negative year since the 2008 global financial crisis

** Consumer Discretionary offers some comfort as year's leading sector treats investors to an 8.4-pct gain. Amazon.com reaches new highs on strong sales and its 118-pct rise is surpassed only by Netflix's 134-pct performance in 2015

** Meanwhile, Healthcare stocks rise 1.6 pct in Dec while the Nasdaq Biotechnology Index stages a relatively quiet 11.8 pct rally over last qtr following index's steep summer selloff over drug pricing concerns

(RM: lance.tupper.tr.com@reuters.net)