(Repeats from Friday, no changes to text. Adds chart)
** S&P 500 ticks up just 0.2% in another rocky week as investors weigh COVID-19 vaccine news amid fiscal stimulus impasse
** In the end, only a minority of sectors gain; Industrials lead, while energy and real estate sag
** Industrials advance 1.1%. Caterpillar rises ~6% after co reaffirms qtrly dividend . Though airlines fall on United Airlines' downbeat Q3 results and White House hints lack of relief package before election . NYSE Arca Airline Index descends ~3%
** Communication Services up 0.9%. Twitter in the spotlight, sparks lawmakers' outcry for briefly restricting President Trump's re-election campaign account . And Facebook falls Thurs amid gathering regulatory headwinds
** Tech adds 0.8%. Apple rises ahead of anticipated iPhone launch , while Street says customers will be keen to jump on 5G bandwagon
** Consumer Discretionary dips 0.2%. Royal Caribbean Cruises sinks on $1 bln capital raise to help weather pandemic, pressures rivals
** Healthcare down 0.5%. On Tues, J&J falls on halting vaccine trials due to unexplained illness , and Eli Lilly slides after trial testing COVID-19 treatment paused on safety concern . On Fri, Pfizer lifts as it seeks U.S. emergency use nod for vaccine by end-Nov
** Financials fade 0.9%. Banks beat on EPS, but investors flee anyway , start earnings season with a whimper . S&P 500 Banks index drops nearly 3%
** Energy declines 2.1%. Stocks fall as spike in COVID-19 cases weakens crude prices . Oilfield services firm Schlumberger slumps as Q3 revenue plunges on demand hit
** Meanwhile, in a bright spot, a much higher than usual number of cos are beating analysts' expectations so far, both on earnings and revenue
** SPX performance YTD:
/><^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
SP 500 2020 YTD through Oct 16
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430)
** S&P 500 ticks up just 0.2% in another rocky week as investors weigh COVID-19 vaccine news amid fiscal stimulus impasse
** In the end, only a minority of sectors gain; Industrials lead, while energy and real estate sag
** Industrials advance 1.1%. Caterpillar rises ~6% after co reaffirms qtrly dividend . Though airlines fall on United Airlines' downbeat Q3 results and White House hints lack of relief package before election . NYSE Arca Airline Index descends ~3%
** Communication Services up 0.9%. Twitter in the spotlight, sparks lawmakers' outcry for briefly restricting President Trump's re-election campaign account . And Facebook falls Thurs amid gathering regulatory headwinds
** Tech adds 0.8%. Apple rises ahead of anticipated iPhone launch , while Street says customers will be keen to jump on 5G bandwagon
** Consumer Discretionary dips 0.2%. Royal Caribbean Cruises sinks on $1 bln capital raise to help weather pandemic, pressures rivals
** Healthcare down 0.5%. On Tues, J&J falls on halting vaccine trials due to unexplained illness , and Eli Lilly slides after trial testing COVID-19 treatment paused on safety concern . On Fri, Pfizer lifts as it seeks U.S. emergency use nod for vaccine by end-Nov
** Financials fade 0.9%. Banks beat on EPS, but investors flee anyway , start earnings season with a whimper . S&P 500 Banks index drops nearly 3%
** Energy declines 2.1%. Stocks fall as spike in COVID-19 cases weakens crude prices . Oilfield services firm Schlumberger slumps as Q3 revenue plunges on demand hit
** Meanwhile, in a bright spot, a much higher than usual number of cos are beating analysts' expectations so far, both on earnings and revenue
** SPX performance YTD:
/><^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
SP 500 2020 YTD through Oct 16
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430)