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BUZZ-U.S. stocks weekly: Coin toss

Reuters2021-02-13

** S&P 500 adds 1.2% as next batch of fiscal aid is a toss-up

** That said, the SPX may be hitting thin air , as individual investors may be practicing the art of defensive driving

** In any event, micro caps have been having their day , while the Nasdaq may be nearing a brick wall , and the Dow may be at a tipping point

** By Friday, there was pressure in the pipe , though with a late thrust, the SPX let off some steam

** Most sectors come up on the winning side: Energy and tech at the head, while consumer discretionary and utilities are the tail

** Energy jumps 4.3%. Oil and gas cos rise on OPEC+ supply cuts, vaccine rollout, and stimulus hopes

** Tech lifts 2.3%. PayPal hits record high as bitcoin surges . Chip index up 8% as sector enjoys its best week since early Nov on hopes for govt action

** Financials up 2%. BNY Mellon rises Thurs after bank launches digital assets unit, including cryptocurrencies

** Communication services up 1.3%. Best SPX performer Twitter , up 27%, on strong results

, eyes bitcoin if that's how people want to do business . Disney swings to surprise profit as streaming success offsets pandemic-hit parks

** Consumer Discretionary drops 1.3%. Bitcoin

approaches $50K mark, rallies on heels of Tesla's

$1.5 bln investment disclosure . TSLA skids 4%

** Meanwhile, cannabis stocks light up Reddit as group surges to new highs . Online dating app operator Bumble rumbles, IPOs stay hot

** And crypto stocks see big gains on bitcoin's milestone week

** 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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Comment12

  • Kevin68
    ·2021-02-14
    crash coming 
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  • Ychia1761
    ·2021-02-14
    考普嗎?
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  • Footixx
    ·2021-02-14
    Good!
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  • PG123
    ·2021-02-14
    Nice article
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  • Daniel Tay
    ·2021-02-13
    Nice
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  • SivaSG
    ·2021-02-13
    Hot $$$
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  • ahswee
    ·2021-02-13
    Greens stocks go green green green!
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  • ZacLin
    ·2021-02-13
    Nice
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  • RyanAng
    ·2021-02-13
    cool
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  • tiangxinyuan
    ·2021-02-13
    nice
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  • Paithorn
    ·2021-02-13
    Looking good then 
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  • SivaSG
    ·2021-02-13
    Energy
    Reply
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