May 24, 2019 / 8:23 PM / a month ago

BUZZ-U.S. stocks weekly: On the defensive

    ** S&P 500 drops for 3rd straight week as trade
tensions, global growth worries mount. SPX loses 1.2%
    ** Indeed, SPX levels bear watching, especially
in contested territory
    ** And timid Nasdaq troops preceded a general
retreat. This with a tech war brewing
    ** That said, Dow Industrials show some fight

    ** Most sectors take fire: Energy, tech and consumer
discretionary retreat most, while defensive plays stand ground
    ** Energy slumps 3.4%. Group falters as crude prices
hit 6-mth low
    ** Tech slides 2.8%. Qualcomm sheds 19%
after judge rules chipmaker's practices violate antitrust law
. Other chip stocks hit on rising fears of
tech-focused China-U.S. dispute. Chip
index dives >6% 
    ** Consumer Discretionary falls 2.2%. Kohl's
 tumbles 20% after disappointing same-store-sales
 and analyst sees risk to fiscal second half
. Foot Locker trips 20%, hits 1-yr low Fri on
Q1 miss Conversely, Target is week's best
SPX stock up 15% as investments in same-day deliveries, store
revamps drive strong results
    ** Financials slip 0.2%. Banks drop as bond yields
tumble amid heightened trade war fears
    ** Real Estate up 0.3%. Sector overtakes tech as
best performer so far this year
    ** Utilities advance 1.7%. Utilities Select Sector
SPDR Fund powers ahead
    ** Meanwhile, individual investor bulls pull the
disappearing act
    ** SPX sector performance YTD through Thurs: 
 
 
 
    
  
0 : 0
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