** S&P 500 extends losing streak to 3 weeks, slides 2.7% for biggest weekly loss so far this year as investors brace for more aggressive rate hikes
** This as the DJI breaks its glass floor, tumbles three out of four days , while SPX is rattled by rates
** That said, SPX rattled, but not yet wrecked. Index essentially tags 200-DMA Fri, bounces
** Nearly every sector bends: consumer discretionary and communication services show most cracks, only energy refuses to give ground
** Consumer discretionary drops 4.4%. Domino's Pizza melts as delivery fees deter consumers . DPZ crumbles 17% And Home Depot sags on dull annual profit forecast
** Communication services also down 4.4%. Netflix drops on price cuts in some countries to boost subscriptions
** Industrials wilt 2.7%. Boeing falls after 787 Dreamliner delivery halt
** Tech retreats 2.7%. Keysight Technologies suffers record decline after guidance disappoints , stock tumbles 15%. But Nvidia surges as sales outlook blows away estimates on AI boom
** Healthcare down 2.7%. Moderna falls on unchanged COVID sales forecast, Q4 profit miss . MRNA sheds 16%
** Consumer Staples slip 1.4%. Walmart strikes cautious note on 2023 economic outlook , shares lose nearly 3% on the week
** Energy manages to edge up 0.2%. Though group still well-capped by record highs
** Meanwhile, individual investors crowd the neutral camp
** SPX performance YTD:
(Lance Tupper and Terence Gabriel are Reuters market analysts. The views expressed are their own)
lance.tupper@tr.com terence.gabriel.tr.com@reuters.net terence.gabriel@tr.com))