BUZZ-U.S. stocks weekly: Bit by bit

Reuters05:38

** S&P 500 .SPX gains 1.7%, ends back within 1% of its record highs .N

** Indeed, post-election animal spirits had faded, but not gone, and now SPX appears back on track for new highs

** This, while the U.S. 10-Year Treasury yield US10YT=RR continues to struggle to overwhelm the resistance line from its Oct 2023 high

** Nearly every sector makes progress: Consumer Staples posts biggest rise, while just Communication Services dips

** Consumer Staples .SPLRCS advance 3.1%. Walmart WMT.N hits record high after raising annual forecasts

In contrast, Target TGT.N sinks 18% on week after downbeat holiday season outlook

** Materials .SPLRCM advance 2.9%. Gold miners rise as bullion prices go higher. Newmont NEM.N up ~6%. Spot gold XAU= on pace for biggest weekly gain since Mar 2023

** Industrials .SPLRCI strengthen 2.5%. Deere DE.N leaps 12% after profit beat overshadows tepid 2025 outlook

** Energy .SPNY up 2.3%. Natgas firms gain on colder weather forecasts. EQT Corp EQT.N among top sector performers, up 7.5%

Oil prices rise as Ukraine war intensifies O/R

** Consumer Discretionary .SPLRCD ascends 1.6%. Tesla TSLA.O up after report Trump team planning self-driving vehicle regulations. TSLA rallies 10%

Retailers up sharply for 2nd day on Fri after upbeat results

** Tech .SPLRCT up 1.5%. Super Micro SMCI.O jumps after auditor appointment, Nasdaq compliance plan. SMCI surges 78% on week

Nvidia NVDA.O teeters on Thurs, ends session fractionally higher as supply snags limit deliveries amid continued booming demand for AI chips

Semiconductor index .SOX gains 2.5%, as support is holding

** Communication Services .SPLRCL edge down 0.3%. Google parent Alphabet GOOGL.O tumbles after DOJ says Google must divest Chrome browser to restore competition

Netflix NFLX.O extends climb after Paul-Tyson fight to new record high. NFLX registers ~9% weekly gain for best such showing since Jan

Comcast CMCSA.O rises on plan to spin off some cable TV networks as streaming dominates

** Meanwhile, bitcoin BTC= flirts with $100k. Brace yourself, but bitcoin may about to go mainstream

** SPX performance YTD:

Financials	34.5%
Tech	33.9%
Comm Svcs	31.7%
Utils	27.9%
SPX	25.1%
Industrials	24.7%
Discretionary	23.3%
Staples	16.4%
Energy	15.4%
Real Estate	9.8%
Materials	9.5%
Healthcare	5.5%

(Lance Tupper and Terence Gabriel are Reuters market analysts. The views expressed are their own)

((lance.tupper.tr.com@reuters.netlance.tupper@tr.comterence.gabriel.tr.com@reuters.netterence.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.

BUZZ-U.S. stocks weekly: Bit by bit

Comments