BUZZ-U.S. stocks weekly: Don't drink and drive
(Repeats from Friday, no changes to text)
** S&P 500 taps the brakes after four straight weeks
of gains. Finishes essentially neutral (down 0.07 pct) as
markets chug deluge of earnings reports
** SPX breaks 11-day streak of alternating up and down days
with slight rise on Friday, but continues to struggle with major
long-term resistance lines ; tiring internals
heighten downdraft risk
** Majority of sectors finish red, though tech remains in
high gear, while energy clearly stuck in reverse; investors
shift lanes to growth over value
** Tech lifts 1.5 pct. Blowout results from
Alphabet (Xetra: ABEA.DE - news) and Facebook
, along with Apple (NasdaqGS: AAPL - news) 's relief rally
help drive Nasdaq (NasdaqGS: NDAQ - news) 100 index to more than
16-year high
** Health care edges up 0.3 pct. Nasdaq Biotech
index adds another 3 pct, cruises to its best month in
three years
** Energy slumps 2 pct. Oil price rout deflates
profits for Exxon Mobil (Swiss: XOM.SW - news) and Chevron (Euronext: CHTEX.NX - news)
** Consumer Discretionary marginally lower. Ford
skids as results indicate auto sales peak,
while Amazon.com (NasdaqGS: AMZN - news) continues to accelerate
** Meanwhile, Molson Coors swerves amid high drama
over the biggest beer deal ever
** And Verizon seeks to nurse Yahoo (Hanover: YHO.HA - news) 's
hangover
** One-year sector performance for the S&P 500 : http://reut.rs/1k6B7QQ