BUZZ-US stocks weekly: Arctic anxiety

** S&P 500 .SPX dips 0.4% for first two-week loss since Jun as President Trump's Greenland campaign roils markets .N

** Dow .DJI off 0.5%, Nasdaq Composite .IXIC edges down 0.1%

** S&P 500's 50-DMA gives way Tues, but quick reversal on Weds puts the benchmark back above it

** This as Nasdaq's 100-DMA once again proves resilient, leads to bounce off lows

** Small caps have been hot, though cool off on Fri, Russell 2000 .RUT / SPX ratio ends 14-day win streak

** U.S. 10-Year Treasury yield US10YT=RR hits 4.313%, highest since Aug, before deflating back to 4.23% area, roughly flat for the week

** A minority of sectors shiver: Financials and Real Estate most frostbitten, while Materials and Energy bake

** Financials .SPSY falter 2.5%. Capital One COF.N drops after announcing $5 bln Brex acquisition deal, earnings miss

Regional bank shares jump on earnings, outshine broader financials

For the week, S&P 500 banks index .SPXBK sheds 2.9%, while KBW regional banking index .KRX ticks down 0.1%

** Real Estate .SPLRCR drops 2.4%. Warehouse-focused REIT Prologis PLD.N ticks up on Weds after Q4 rev beat, yet PLD retreats ~5% on the week

** Utilities .SPLRCU sag 2%. Power producers including Constellation Energy CEG.O and Vistra VST.N fall as grid operator PJM unveils plan to curb power demand surge from data centers

** Industrials .SPLRCI off 1.6%. Street View: GE Aerospace GE.N engines build a bullish runway. However, stock tanks ~10% for the week

** Tech .SPLRCT down 0.8%. Intel INTC.O tumbles 17% on Fri after Q1 forecast disappoints as it struggles to meet AI chip demand

Semiconductor index .SOX lifts 0.4%

** Healthcare .SPXHC up 1.1%. Moderna MRNA.O rises ~17% on week as cancer vaccine shows long-term benefit in melanoma study

** Communication Services .SPLRCL add 1.1%. However, Netflix NFLX.O slips as Warner Bros Discovery WBD.O deal concerns outweigh Q4 beat

** Materials .SPLRCM strengthen 2.6%. Gold miners such as Newmont NEM.N rise as safe-haven gold XAU= nears $5,000/ounce, driven by Greenland-related geopolitical tensions and weaker dollar

Gold/Silver mining index .XAU surges 10%

** Energy .SPNY jumps 3.1%. Natgas firms including Expand Energy EXE.O and EQT Corp EQT.N gain as futures soar as extreme cold weather seen boosting heating demand

Group tracks oil prices higher on Trump's Iran 'armada' comments, Kazakh outage O/R

Is the energy sector stoked for a strong 2026?

** Meanwhile, individual investors see just slight gains for all of 2026 - AAII

** SPX performance YTD:

​

​

​

(Lance Tupper and Terence Gabriel are Reuters market analysts. The views expressed are their own)

((lance.tupper@tr.com ; terence.gabriel@tr.com))