RPT-BUZZ-U.S. stocks weekly: Treadmill
(Repeats from Friday, no changes to text) ** S&P 500 slips fractionally on the week, tripping over the difficult 2100 hurdle ** That said, volatility spikes; VIX posts biggest weekly jump since early Jan ** Fed rate hike and Brexit uncertainty pervades, but 6 of 10 SPX sectors see traction; energy and capital goods stocks advance, while banks and biotechs retreat ** Energy leads, up 1.4 pct, but profit taking and US dollar strength pushes WTI crude back below $50 ** Industrials lift 1 pct. Airlines among sector's top climbers as fares elevate ; American Airlines , Southwest Airlines and United Continental rise 4-8 pct ** Financials stumble 1.5 pct. Banks spooked by global growth worries and falling rates ; KBW Nasdaq Bank index drops 2 pct ** Health care loses about 1 pct and once again negative YTD; Biogen and Alexion Pharmaceuticals among biggest SPX losers, down 15 pct and 12 pct, as their respective drugs fail in trials, while Valeant saga continues to cast a pall. Nasdaq Biotechnology index drops 5 pct ** Tech dips marginally. However, Intel a bright spot, at Qualcomm's expense, on reported Apple chip win ** Meanwhile, BAML clients snap 18-week selling streak, though jury still out on quality of market rally ** One-year sector performance for the S&P 500 : reut.rs/1k6B7QQ
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