BUZZ-U.S. stocks weekly: Fast start

Reuters03-29

** 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))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment