** S&P 500 .SPX finishes the week up 0.9 pct even as investors mull trade uncertainties Still, SPX charts suggest keeping seatbelts fastened This with the DJI .DJI also showing sputtering thrust And although Nasdaq .IXIC has been on a run, it may be overheating This as the market's titans have been more like speedboats than supertankers the NYSE FANG+TM Index .NYFANG has been lagging and small caps are back in big brother's shadow Most sectors advance; tech and consumer discretionary surge, while staples and utilities slip. Value still stumbling vs growth Tech .SPLRCT up 2 pct. Apple AAPL.O rises >5 pct after co confirms Sept 12 date for expected new iPhone unveiling and Buffett says Berkshire Hathaway (NYSE:BRKa) BRKa.N added to its already huge stake Though Electronic Arts EA.O is biggest sector loser down 12 pct as videogame co delays "Battlefield V" launch by 4 weeks rival Activision Blizzard ATVI.O down ~3 pct
** Consumer Discretionary .SPLRCD up 1.8 pct. Amazon.com AMZN.O surpasses $2,000 in renewed push to join AAPL in the $1 trln market cap club But worst SPX performer Dollar Tree DLTR.O drops ~14 pct as discount retailer misses comp sales estimates and says looking at suppliers outside China to mitigate potential tariff impacts Consumer Staples .SPLRCS dips 0.5 pct. Coca-Cola (NYSE:KO) KO.N off >2 pct as co takes plunge into coffee with $5.1 bln Costa deal SPX sector YTD performance through Fri: https://reut.rs/2PB6weW
** Meanwhile, UBS strategists say political gridlock is good as SPX has seen outsized returns around midterm elections SP 500 thru Aug 31
https://reut.rs/2PB6weW
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