March 21, 2016 / 11:43 AM / 2 years ago

RPT-BUZZ-U.S. stocks weekly: Wearing the green

(Repeats from Friday, updates SPX gain to 1.4 pct)

** S&P 500 fittingly flips into positive territory for the year on St Patrick’s Day Thursday, ends the week up 1.4 pct

** Dow Jones Industrial Average first to the plus side, carrying a bullish bias

** Stocks on 5-week win streak as BAML’s global fund manager survey shows investors hunting for value, though brokerage’s clients seen selling into strength

** 9 of 10 S&P sectors higher. Materials up 2.4 pct and energy up 2.5 pct, benefiting from rally in commodities on back of weaker dollar

** Industrials best sector, up 3.4 pct. FedEx Corp delivers a 13.4 pct return on strong results

** Financials gain 1.5 pct as JPMorgan Chase and Bank of America boost their buybacks

** Utilities adds 1.7 pct after FOMC dials back rate hike plans

** Energy buoyed by NYMEX Crude’s pierce of $40. Williams Companies up 13 pct, Devon up 11 pct

** Tech rises 2.3 pct. Apple flirts with 2016 high as Wall St gears up for launch of less expensive iPhone at its Mar 21 event

** Healthcare sole loser with 2-pct fall and charts blaring avoid. Valeant’s woes infect specialty pharma: Endo International and Mallinckrodt Plc worst SPX performers, plunge 30 pct and 21 pct

** Valeant contagion spreads to Mondelez International , which drops 3.8 pct as William Ackman’s Pershing Square portfolio seeks a band-aid

** Notable single-stock winners: Starwood Hotels up 14.4 pct after accepting a better offer and Wynn Resorts continues its roll and now up 36 pct YTD as Macau bearishness fades

** One-year sector performance for the S&P 500 :


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