** S&P 500 falls first time in 3 weeks, loses 0.8%, as rising interest rates weigh
** This as the Dow was braced for a big test
** And for the SPX, is it time for a turn-date tumble, or throttle up? - amid thin air, and sputtering thrust
** This, as Nasdaq futures game March Madness
, while bears may pay the NYSE Composite a visit
** Most sectors retreat: Energy and financials hit hardest, while communication services lead on plus side
** Energy slides 7.7%. Sector falls as rising inventories and concerns on vaccine rollouts dent crude prices
** Financials lose 1.7%. Banks drop Fri after Fed declines to extend leverage rule exemption . Group rose earlier in week as yield curve steepens sharply post Powell
. Insurer Chubb falls after offer to buy rival Hartford Financial for $23 bln
** Tech down 1.4%. Visa plunges Fri on report of DOJ antitrust probe over debit-card practices
** Industrials dip 0.3%. FedEx rises on pandemic-fueled earnings beat . Airlines jump as vaccine-led recovery continues
** Communication services tick up 0.5%. Facebook
gains Fri after report Zuckerberg says Apple Inc's
imminent privacy policy changes will leave FB in "stronger position"
** Meanwhile, U.S. 10-year yield nears Goldman's year-end target of 1.9%, and it's only March
** SPX performance YTD:
(Lance Tupper and Terence Gabriel are Reuters market analysts. The views expressed are their own)
((lance.tupper.tr.com@reuters.net lance.tupper@tr.com terence.gabriel.tr.com@reuters.net terence.gabriel@tr.com))
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