** S&P 500 rises 2nd straight week, adds 0.4% as investors await rate insight
** Benchmark SPX rallies for a fifth-straight month, rockets 10.2% in the quarter for index's best start to a year since 2019
** Indeed, strong Q1 gains may have bulls charging through 2024
** This, as both the Dow Industrials and the Nasdaq Composite also score fifth-straight month of gains; with this, DJI takes on 40k
** And at the year's first turn, Momentum's the front runner
** Vast majority of sectors bolt this week: Bond proxies and Energy sprint, while just Communication Services and Tech come up lame
** Energy dashes 2.2%. Group rises on tighter supply outlook
** Healthcare races 1.6%. Merck hits record high as FDA approves treatment for rare lung condition
** Industrials lift 0.6%. Boeing rises as CEO Calhoun to step down by year-end
** Communication Services retreat 0.8%. Netflix
shares fall; Wedbush offers mixed views. Though Disney
climbs as Barclays rating turns bullish
** Tech backpedals 1.3%. Intel , Advanced Micro Devices slip on report China bans use of their chips in govt computers
Semiconductor index ticks lower, but still up 17.5% YTD
** Meanwhile, Trump Media & Technology Group's shares surge after stellar debut
** SPX performance YTD:
(Lance Tupper and Terence Gabriel are Reuters market analysts. The views expressed are their own)
((lance.tupper.tr.com@reuters.net lance.tupper@tr.com terence.gabriel.tr.com@reuters.net terence.gabriel@tr.com))
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