BUZZ-U.S. stocks weekly: More treats than tricks [Reuters]
TIME WARNER INC (TWX)
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Source: Reuters
BUZZ-U.S. stocks weekly: More treats than tricks | Reuters Reuters Staff 2 Min Read ** S&P 500 gains 0.3 pct, stretches winning streak to 8 straight weeks ** Index last saw 8 straight higher weekly closes Oct 11, 2013-Nov 29, 2013 ** Indeed, SPX may have crossed a channel, yet it’s not out of the woods ** And although the Nasdaq Composite gained for 6th straight week, a spooked broader market may still cast a spell ** In the end, most sectors feel chills; telecom startled most, while tech, energy and real estate show spunk ** Telecom drops 2.6 pct. AT&T’s acquisition of Time Warner not in stone ** Consumer Disc falls 0.8 pct. Under Armour Inc tumbles and now biggest S&P loser YTD (-60 pct), bewitched by rivals Nike and Adidas . GOP tax plan unnerves homebuilders and retailers Home Depot, Lowe’s ** Energy surges 1.7 pct. Oil prices hit highest levels since summer of 2015 on growth in global demand and cut in rig count ** Tech adds 1.8 pct, and continues to do the heavy lifting. Apple n
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