BUZZ-US stocks weekly: Relief

** S&P 500 .SPX rallies 3.7% as Fed rate-cut bets gather momentum .N

** Dow .DJI gains 3.2%; Nasdaq Composite .IXIC advances 4.9%. SPX and Dow extend their monthly win streaks to seven months in a row. Nasdaq, however, snaps its seven-month win streak

** Still with the week's rally, all three main indexes reclaim their 50-day moving average

** Indeed, it appears Nasdaq bears had gotten too aggressive, while Nasdaq bulls are quickly feeling their oats again; main indexes all on five-day win streaks

** US 10-Year Treasury yield US10YT=RR at around 4.02% on track to end five-day stretch of declines; though on pace to close lower for a fourth month in a row

** Every sector takes comfort: Communication Services and Consumer Discretionary cheer most

** Communication Services .SPLRCL surges 5.9%. Google parent Alphabet GOOGL.O rises after report it's in deal talks with Meta Platforms META.O to supply AI chips. Meta’s chip buying a boost for Google, but Meta itself could be the bigger winner

** Consumer Discretionary .SPLRCD rallies 5.3%. Retail stocks XRT.P come to life ahead of Black Friday. XRT jumps 5.5%, its best week since May

** Tech .SPLRCT advances 4.3%. Keysight Technologies KEYS.N jumps after electronic equipment maker's upbeat forecast on strong AI-data-center demand

Broadcom AVGO.O shares hit a record high after Goldman Sachs hikes price target

Dell DELL.N rallies after robust forecasts amid rising AI server demand

Nvidia NVDA.O slides on Tues following report Meta may use Google chips, but then only closes down ~1% for the week

Semiconductor index .SOX leaps ~10%

** Materials .SPLRCM advances 3.3%. Gold and silver miners rise on possible Fed rate cut. ARCA Gold Bugs index .HUI rallies ~14%

** Financials .SPSY up 3.2%. Robinhood HOOD.O vaults after striking a prediction markets exchange deal. HOOD surges ~20%. CME Group CME.O weathers outage issue, rises for the week

** Industrials .SPLRCI gain 2.7%. Though Deere DE.N falls on lower-than-expected FY26 profit outlook, pressured by tariff impacts and weaker margins from large tractors

** Healthcare .SPXHC rises 1.9%. Nasdaq biotech index .NBI scores a record closing high on Weds. For the week, NBI up ~4%

** Energy .SPNY up 1%. At first, the group tracks oil prices lower after Ukraine peace report, but then climbs as oil prices edge higher ahead of OPEC+. And US natgas companies gain on cold weather outlook and higher demand

** Meanwhile, AAII neutral sentiment highest since early Nov

** 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))