BUZZ U.S. stocks weekly: Ready, set, hike!

** S&P 500 (.SPX) snaps 2-week winning streak, slides 1.8% as hot inflation data sparks fears of quicker rate hikes, and report Russia attack on Ukraine could come at any time spooks

** Indeed, amid junky action, SPX turns trashy read more

** As for the Nasdaq (.IXIC), is it smooth sailing or iceberg ahead? read more . And just where are some important levels on the IXIC's playing field? read more

** This as traders look for an SPX breakout read more

** Though, might the sun be about to shine again on clean energy stocks? read more . WilderHill Clean Energy index (.ECO) rallies 1.8%

** For the week, most major S&P sectors thrown for a loss: comm svcs, tech, and real estate sacked, while just materials and energy hit paydirt

** Communication Services (.SPLRCL) slides 3.9%. Though Disney (DIS.N) jumps on qtrly beat, strong Disney+ subscriber growth

** Tech (.SPLRCT) falls 2.9%. Advanced Micro Devices (AMD.O) loses >8% ahead of Xilinx (XLNX.O) purchase closing on MonPhil chip index (.SOX) down 2.5%

** Industrials (.SPLRCI) lose 0.8%. Though defense stocks rise as Ukraine tensions escalate, and airlines take off as daily U.S. COVID cases trend lower. NYSE Arca Airline index (.XAL) ascends >6%

** Financials (.SPSY) ~flat. Major banks rise as benchmark 10-yr TSY yield crosses 2% for first time since Aug 2019. Though S&P banks index (.SPXBK) loses much of week's gain by Fri as yields collapse off week's high amid flight-to-safety bid. SPXBK ends up just 0.7%

** Materials (.SPLRCM) up 1.1%. Have best week since late Dec read more . International Flavors & Fragrances Inc rises on report of settlement agreement with Carl Icahn

** Energy (.SPNY) up 1.8%. Oil stocks gain on heightening Ukraine tensions, IEA comments

** Meanwhile, Super Bowl showdown: Will the S&P 500 score or fumble? read more

** SPX performance YTD:

SP 500 2022 YTD THROUGH FEB 11
Lance Tupper and Terence Gabriel are Reuters market analysts. The views expressed are their own

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