March 20, 2017 / 11:29 AM / in 8 months

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

 (Repeats from Friday, no changes to text)
    ** S&P 500        edges 0.2 pct higher on the week; index
has now posted gains in 7 of past 8 weeks
    ** That said, SPX post rate hike vault still faces hurdles
            , and DJI        oscillator divergence suggests
danger             
    ** Nevertheless, most sectors green; defensive utilities and
real estate feel wind at their back, while rain falls on
healthcare's and financials' parade
    ** Tech           up 0.8 pct. Notches 11th straight weekly
gain. Best sector performer Oracle          (+7 pct) breaks
through the clouds             . Though large-cap tech ETF
advance on a wire             
    ** Financials         dip 1 pct. Banks retreat as Fed's rate
outlook more dovish than expected                          
            
    ** Healthcare          down 0.7 pct. Amgen's         
cholesterol drug data gives investors heartburn             .
Biogen          slips on analyst downgrades             
    ** Billionaire HF manager William Ackman takes his lumps on
Valeant                     
    ** On new issue front, Canada Goose          and MuleSoft
         IPOs rekindle "animal spirits"             
            ; and Tesla          returns to the capital markets
trough                          
    ** Meanwhile, JPMorgan strategists warn that positions in
SPX options set to change so that a market selloff could quickly
see dealers boosting volatility as a hedge               
    ** SPX sector performance since the U.S. election: reut.rs/2jzXUZM

  

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