BUZZ-US stocks weekly: Correction territory

** S&P 500 .SPX falls fourth straight week, sheds 2.3%, as tariff/economic growth concerns build .N

** Indeed, week kicked off with downside still beckoning, and by Thurs, benchmark S&P 500 index confirmed correction, ended down 10.1% from record close

** But that proved to be a tradable low; on Fri SPX posted biggest one-day percentage jump since early Nov

** At final bell on Fri, SPX ended down 8.2% from record close, Dow .DJI finished off 7.8% from its record close, Nasdaq .IXIC ended down 12% from its record close

** U.S. 10-Year Treasury yield US10YT=RR, at around ~4.32%, on track to finish flat on week

** Most sectors have a dark week; Consumer Staples, Consumer Discretionary, and Communication Services post deepest drops, while just Utilities and Energy see light

** Consumer Staples .SPLRCS plunge 4.3%. US beauty firms fall after French cosmetics body flags tariff retaliation risk. Estee Lauder EL.N tumbles >9%. PepsiCo PEP.N shares dip; soda giant in talks to buy Poppi for $1.5 bln, Bloomberg reports

** Consumer Discretionary .SPLRCD slides 3.7%. Travel-related stocks tumble as bleak airline forecasts spill over. Expedia EXPE.O sheds ~12%

Tesla TSLA.O has volatile week: kicks off down after UBS cuts Q1 delivery forecast, PT; then firms after worst day in 4-1/2 years, and extends gains after comments by Trump and Musk, then surges in rebound from recent selloff. In the end, falls 4.8%, ends down for an eighth-straight week

** Communication Services .SPLRCL down 3.5%. Disney DIS.N falls >6% as concerns grow over a travel slowdown

** Industrials .SPLRCI lose 2.4%. Airline shares descend after carriers slash forecasts. Delta DAL.N and United Airlines UAL.O lose ~12% and ~11%, respectively

NYSE Arca Airline index .XAL plummets 6%, and Dow Transports .DJT close to bear market level

** Materials .SPLRCM down 2.2%. But gold miners rise as bullion XAU= hits record $3,000/oz mark. ARCA gold bugs index .HUI jumps ~5% on the week

** Tech .SPLRCT down 2.1%. Apple AAPL.O, falls ~11%, has worst week since early Nov 2022. Teradyne TER.O plunges ~20% after management flags imminent tariff-fueled uncertainty

Adobe ADBE.O sinks ~12% after photoshop maker's dull forecast raises AI monetization doubts

A bright spot, Intel INTC.O rallies on Weds as Reuters reports TSMC 2330.TW pitched JV to run INTC's foundry, and jumps on Thurs after naming chip industry veteran Lip-Bu Tan as CEO. INTC up ~17%

Semiconductor index .SOX dips just 0.7%

** Financials .SPSY lose 1.3%. Major Wall Street lenders down on recession and interest-rate worries

For the week, S&P 500 banks index .SPXBK off 2.9%, KBW regional banking index .KRX down 1.8%

** Energy .SPNY advances 2.6%. US energy stocks gain as oil prices stabilize amid Ukraine ceasefire discussions O/R

** Meanwhile, not since the 2022 bear market was ending has investment advisor sentiment been this bad, and individual investor bulls and bears just did this for the first time

** SPX performance YTD:

Healthcare	5.1%
Energy	4.0%
Utilities	3.5%
Materials	1.8%
Staples	1.5%
Real Estate	1.4%
Financials	0.1%
Industrials	-0.7%
Comm Svcs	-3.4%
SPX	-4.2%
Tech	-9.5%
Discretionary	-13.8%

(Lance Tupper and Terence Gabriel are Reuters market analysts. The views expressed are their own)

((lance.tupper@tr.com ; terence.gabriel@tr.com))