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: