RPT-BUZZ-U.S. stocks weekly: Rally stalls
** S&P 500 ends five straight weeks of gains, but dips just 0.7 pct in subdued trading ** Traders note popular shorts have underpinned recent rally, and covering support likely continues despite major indices showing cracks ** 7 of 10 S&P sectors lower. Energy loses 2.4 pct and materials fall 1.6 pct as NYMEX crude slides most in 2 mths ** Energy names dominate SPX loser board with only 3 stocks in sector seeing green ** Financials also pull back, drop 1.9 pct, as UBS says Wells Fargo's credit risk extends beyond bank's energy portfolio. And pessimism increases on Q1 earnings for Goldman Sachs ** Tech slips fractionally. Apple's latest product launches considered a non-event, while stock's recent surge not as robust as it seems ** On plus side, utilities add 0.5 pct. Exelon Corp seals deal with Pepco Holdings ** Healthcare grinds 0.6 pct higher. Valeant's reshuffling sparks a relief rally in shares of Mallinckrodt Plc, SPX best performer up 10 pct ** Other notable SPX winner Staples climbs 8 pct. Testimony by an Amazon.com exec adds intrigue to Staples' plans to merge with Office Depot ** Though not an SPX member, SunEdison's stock continues to flicker and plunges 43 pct ** One-year sector performance for the S&P 500 : reut.rs/1k6B7QQ (RM: firstname.lastname@example.org; Messaging: email@example.com)
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