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BUZZ-U.S. stocks weekly: Some solace

Fri, 11th Jan 2019 21:22

** S&P 500 rises 2.5 pct on the week. China-U.S. trade tensions ebb and Fed chair Powell reiterates patience on further rate hikes ** This as a momentum study tries to confirm the SPX turn , while Dow Jones Futures try to clear a hurdle and the Nasdaq shows fight ** Of note, a market internal measure has gone from a deep freeze to boiling over ** Every sector advances: industrials, real estate and discretionary surge, while staples and utilities post small gains ** Industrials jump 4.1 pct. Union Pacific rises 11 pct as railroad operator appoints industry veteran Jim Vena as COO ** Real estate leaps 4 pct. Group climbs amid dovish Fed commentary on interest rates. Baird and BMO bullish on REITs in 2019 ** Consumer Discretionary adds 3.7 pct. General Motors accelerates Fri on raised forecast, buoys other carmakers. On flip side, worst group performer Macy's loses 13.5 pct after forecast cut on anemic holiday season, sends chills through wider retail sector ** Tech up 3.4 pct. Chip stocks rally as investors shrug off Apple-supplier Skyworks Solutions' revenue warning and as Micron receives analyst upgrade . Semiconductor index pops 6 pct ** Healthcare up 2.3 pct. Biotech shares lift throughout key JP Morgan healthcare conference. Nektar Therapeutics top SPX performer up 21 pct. Nasdaq Biotech index rises ~6 pct ** Communication Services up 2.1 pct. Netflix climbs >13 pct as Street analysts optimistic on long-term growth ** Utilities up 0.8 pct. Though worst SPX stock PG&E crashes 28 pct on 'junk' ratings amid bankruptcy fears ** Meanwhile, individual investors ride the bull ** SPX sector performance YTD through Thurs:



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