• 5
  • 4
  • Favorite

BUZZ-U.S. stocks weekly: Wait and see

Reuters2021-06-12

** S&P 500 advances for 3rd straight week, edges up 0.4%

** Indeed, even with fresh record highs, the SPX is doing the creep, and appears to be in wait and see mode

** Though Nasdaq , with the wind at its back

, gets leveled up , and outperforms with near 2% rise

** Majority of sectors climb: Healthcare rallies, while materials and financials slide. When it comes to tech vs banks, has the switch flipped?

** Healthcare gains 1.9%. Biogen soars 39% after Alzheimer's drug gets regulatory nod , and analysts see drug approval as positive for Eli Lilly

. LLY rises 11%

** Tech up 1.4%. Apple at annual conference says FaceTime to be open to Windows, Android users

** Consumer Staples slip 0.7%. Campbell Soup

worst sector performer, down ~7%, after co slashes earnings forecast on higher costs

** Industrials shed 1.7%. UPS drops as post-pandemic growth plan disappoints, weighs on FedEx , transports . Dow Jones transports down 1%

** Financials slump 2.4%. Banks suffer worst day in nearly two months as U.S. Treasury yields fall following May inflation data . S&P 500 Banks index dives 3.5%

** Meanwhile, as investors fret over the "I" word

, markets turn their attention to the coming FOMC Meeting , ahead of a quadruple witching

** 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))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment4

  • Alanshi55
    ·2021-06-14
    Pls comment
    Reply
    Report
  • Alanshi55
    ·2021-06-14
    Pls comment
    Reply
    Report
  • NPC69
    ·2021-06-12
    Will follow-up. 
    Reply
    Report
  • JoeYouToHUAT
    ·2021-06-12
    [Miser] [Miser] [Miser] [Miser] 
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial