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BUZZ-U.S. stocks weekly: Political pounding

Published 2018-03-16, 04:23 p/m
Updated 2018-03-16, 04:30 p/m
© Reuters.  BUZZ-U.S. stocks weekly: Political pounding

© Reuters. BUZZ-U.S. stocks weekly: Political pounding

** S&P 500 .SPX down 1.2 pct as trade war fears reignite amid Washington political turmoil This as the DJI .DJI is making its point and Nasdaq Composite .IXIC new-highs thrust may be short on fuel Despite waves, NYSE Composite .NYA internal measure .AD.N still afloat And thanks to tech, U.S. growth still on the fast track vs value However, even tech titans can tire tech, banks, face-off on the charts Most sectors can't take it: materials, financials, staples and industrials crumble, while utilities and real estate rise above it

** Financials .SPSY slide 2.4 pct. Sector falls amid flattening yield curves and D.C. shakeup Wells Fargo (NYSE:WFC) WFC.N dips on report U.S. DoJ widens investigation into bank's sales practices Industrials .SPLRCI drop 2 pct. Group's biggest loser, Boeing (NYSE:BA) BA.N , loses altitude as China tariff talk heats up Tech .SPLRCT off 1 pct. Intel CEO INTC.O plays down talk of interest in Broadcom AVGO.O INTC chart, however, still signals caution Micron MU.O hits >17-yr high as brokerages raise PTs And Adobe Systems ADBE.O sees record high on another earnings beat Consumer disc .SPLRCD dips 0.7 pct. Worst SPX stock Signet SIG.N plunges 21 pct to 6-yr low on dismal forecast SPX sector performance over past 12 mths: http://reut.rs/2FFzSIp

** Meanwhile, strategist sees higher volatility .VIX in 2018, but only somewhat SPSectorsMar16

http://reut.rs/2FFzSIp

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