Weekly US Stocks BUZZ: Mixed Signals

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**The S&P 500 (.SPX) breaks the two-week losing slippage, climbs 0.8%. Stocks rebound on Friday after Russia says it is ready to hold talks after attacking Ukraine

** Indeed, it was a week with wild action Read more

** And like tango traders, this is the correction against momentum read more

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** S&P 500 beaten internally, but ripe for a comeback? Read more

** Most sectors gain: defensive names in favor, while consumer discretionary plummets

** Health (.SPXHC) increases by 2.7%. Moderna (MRNA.O) pounces on higher vaccine sales forecasts and stock buyback plans

** Real estate (.SPLRCR) gained 2.7%. Public Storage (PSA.N) Rises After Q4

** Communication Services (.SPLRCL) up 1.8%. DISH Network (DISH.O) initially tumbles as fourth-quarter earnings miss estimates, but the stock then reverses and becomes the biggest gainer of the bunch, up about 13% for the week

** Energy (.SPNY) up 1.3%. Oil price jumps as crude surges above $100 after Ukraine attack Read More

** Tech (.SPLRCT) changes 1.3%. Cadence Design, the best performer in the sector with an increase of about 13%, up on strong fourth quarter results, according to forecasts

** Manufacturers (.SPLRCI) add 0.8%. Arms makers stretch their gains on invading Ukraine. Lockheed Martin (LMT.N) gains 6%, Raytheon (RTX.N) up 5%. SPDR S&P Aerospace and Defense ETF (XAR.P) rises 4%

** Financials (.SPSY) fell 0.3%. Bank stocks tumble as Russia’s invasion of Ukraine rocks, although the group rallied on Friday on positive market sentiment. The S&P 500 Banks Index (.SPXBK) loses 1.6%

** Consumer Discretionary (.SPLRCD) fell 2.2%. Home Depot (HD.N) drops as margin warning casts shadow over solid qtr. HD slides ~9%. Travel-related shares fall after Ukrainian occupation

** Meanwhile, bears, bears everywhere read more

** SPX performance year-to-date:

SP 500 2022 YTD UNTIL FEBRUARY 25
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Lance Tupper and Terence Gabriel are Reuters market analysts. Opinions expressed are their own.

Our standards: The Thomson Reuters Trust Principles.

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