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2021-06-12

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BUZZ-U.S. stocks weekly: Wait and see

** S&P 500 advances for 3rd straight week, edges up 0.4% ** Indeed, even with fresh record h

BUZZ-U.S. stocks weekly: Wait and see

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The views expressed are their own)((lance.tupper.tr.com@reuters.net lance.tupper@tr.com terence.gabriel.tr.com@reuters.net terence.gabriel@tr.com))</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142420235","content_text":"** S&P 500 advances for 3rd straight week, edges up 0.4% ** Indeed, even with fresh record highs, the SPX is doing the creep, and appears to be in wait and see mode ** Though Nasdaq , with the wind at its back, gets leveled up , and outperforms with near 2% rise ** Majority of sectors climb: Healthcare rallies, while materials and financials slide. When it comes to tech vs banks, has the switch flipped? ** Healthcare gains 1.9%. Biogen soars 39% after Alzheimer's drug gets regulatory nod , and analysts see drug approval as positive for Eli Lilly . LLY rises 11% ** Tech up 1.4%. Apple at annual conference says FaceTime to be open to Windows, Android users ** Consumer Staples slip 0.7%. Campbell Soup worst sector performer, down ~7%, after co slashes earnings forecast on higher costs ** Industrials shed 1.7%. UPS drops as post-pandemic growth plan disappoints, weighs on FedEx , transports . Dow Jones transports down 1% ** Financials slump 2.4%. Banks suffer worst day in nearly two months as U.S. Treasury yields fall following May inflation data . S&P 500 Banks index dives 3.5% ** Meanwhile, as investors fret over the \"I\" word, markets turn their attention to the coming FOMC Meeting , ahead of a quadruple witching ** SPX performance YTD: (Lance Tupper and Terence Gabriel are Reuters market analysts. 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