June 13, 2016 / 11:12 AM / in 2 years

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
0 : 0
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