RPT-BUZZ-U.S. stocks weekly: New highs harvest (JPM, MS, GS, IBM, UNH, BAC, PG)
(Repeats from Friday, no changes to text)
** S&P 500 adds 0.8 pct, extends winning streak to six weeks
** Longest SPX streak since similar 6-week run into early Mar. Though, when that streak ended, index sold off 2.6 pct over next month
** Indeed, given a crushed volatility study, the road ahead may quickly turn slick
** And despite DJI record highs, fractures may lead to it coming up lame
** This as big brother's shadow looms large, small caps just tag along
** Though banks show muscle in grapple with tech
** Most sectors reap gains: Financials, healthcare and utilities most bountiful, while cons staples suffer blight
** Financials jump 2 pct. Banks rise after U.S. Senate approves 2018 budget blueprint. S&P 500 Banks index surges 3 pct
** Healthcare rallies 1.8 pct. UnitedHealth Group , up ~8 pct, on cheery earnings forecast, opportunities in Trump insurance product plans
** Tech up 1 pct. IBM has best day since 2009 as outlook hints Big Blue back on growth track
** Energy down 0.4 pct. Energy Select Sector SPDR Fund compression can lead to range blowout
** Cons staples slide 1.2 pct. Procter & Gamble soggy as sales disappoint and Peltz still looms
** SPX sector YTD performance: http://reut.rs/2l5Pj2W
** Meanwhile, U.S. exchanges set for busiest year of Asian IPOs since 2010 . And the forecast for SPX Q3 profit growth barely budged
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