BUZZ-U.S. stocks weekly: Picking up the pieces
(Repeats from Friday, no changes to text)
** S&P 500 snaps back, posts 1.6 pct weekly gain as investors assess storm damages and look past geopolitics
** Indeed, as U.S. stock correlations see cooler temps , all comes together with new record highs for SPX, DJI and Nasdaq Composite
** Though, now it's the tech titans struggling to keep pace
** And DJ Composite's lagging momentum, and crushed volatility, offer a warning
** That said, nearly every sector rises: telecom, energy and financials collect gains, while just utilities stay on the floor
** Energy up 3.5 pct. Group notches best showing in a year as U.S. crude hits $50/bbl
** Financials jump 3.3 pct. Banks rebound as interest rates climb. Top index performer Keycorp (NYSE: KEY - news) lifts 8 pct on acquisition cost-saving, synergies, while Goldman Sachs (NYSE: GS-PB - news) unveils $5 bln growth plan at industry conf . S&P 500 Banks index up 4.5 pct
** Tech up 1.4 pct. Apple (NasdaqGS: AAPL - news) edges higher after roll out of much-hyped iPhone X. Chips charged as SOX index leaps 4.9 pct, its best weekly performance of 2017. Nvidia (Swiss: NVDA.SW - news) soars to new record on steep price target hike
** Utilities slip 0.4 pct. Sector quickly switches from green to red
** SPX sector YTD performance: http://reut.rs/2ydcdb6
** Meanwhile, Q3 S&P 500 profit estimates improve in tech and telecom, but weaken overall
** And Equifax share woes deepen , even as sell-side stays bullish