April 15, 2019 / 10:51 AM / 8 days ago

RPT-BUZZ-U.S. stocks weekly: Bank shot

 (Repeats from Friday. Updates chart)
    ** S&P 500 posts 0.5% weekly gain, comes within 1% of
record high, as market on Fri cashes in on bank earnings

    ** Indeed, the SPX is striving for its high as
the DJI holds the line
    ** Though, when it comes to Nasdaq volatility
there may be storm clouds forming
    ** Vast majority of sectors advance: Financials and
communication services jump, while healthcare sags. This as
growth vs value may have hit a ceiling
    ** Financials surge 2.1%. Sector leaps Fri after
JPMorgan's solid qtrly profit beats back recession
fears. JPM rises 5.6%, S&P Banks Index
ascends 2.4%
    ** Communication Services gain 1.6%. Disney
 soars 13% to record high as investors cheer video
streaming push; and there's nothing mousey about
the stock's move
    ** Tech rallies 1.2%. Apple hits a
5-month high, but daily win streak ends at 9
    ** Materials gain 0.5%. Gold/silver miners
being pinched on the charts   
    ** Energy dips 0.2%. Chevron's $33 bln bid
for Anadarko on Fri puts spotlight on potential targets.
 APC shoots up 31%, CVX ebbs ~5%
    ** Healthcare falls 2.4%. Insurers slump on
concerns over Senate's Medicare for All proposal, Trump
administration comments on intentions to eliminate rebates from
drug pricing model. Anthem, UnitedHealth
 and Humana lose 8-14%
    ** Meanwhile, Uber Technologies' IPO-UBER.N long-awaited
IPO filing leaves rivals reeling. Lyft
 reverses, but the new issues market rolls on

    ** SPX sector performance YTD: 
 
 
 
    
  
0 : 0
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