BUZZ-U.S. stocks weekly: Ebb and flow

Fri Mar 11, 2016 4:20pm EST
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** Stocks gyrate as central bank machinations are digested, all leading to the upcoming FOMC Meeting

** S&P 500 buffeted by violent reaction to ECB, but manages to recover; finishes up 1.1 pct

** 4th straight weekly gain as flows wade deeper into risk pool, and European corporate bonds catch a bid

** All 10 S&P sectors end higher; shift to value progresses with materials up 2.1 pct, while energy finishes up 2 pct

** Utilities add 2.1 pct despite US 10-Year Treasury Yield climbing to 6-week high

** Materials continue to benefit from recovery in commodities; NYMEX Crude nears $40.00; highly correlated LyondellBasell gains 7 pct; Spot Gold hits 13-month high; Newmont Mining adds 2 pct

** Despite energy sector strength, Williams Cos worst performing SPX stock, down 16 pct, as drama with Energy Transfer Equity continues to play out

** Info tech adds 1 pct, but concerns over a short-circuiting PC market linger ; Micron Tech down 4 pct

** Healthcare up 1.7 pct, though proposed change to Medicare Part B reimbursement hits biotechs ; Regeneron falls 7 pct   Continued...