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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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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&amp;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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