BUZZ-US stocks weekly: Starstruck

Reuters01-25 05:41
BUZZ-US stocks weekly: Starstruck

** S&P 500 .SPX lifts second straight week, adds 1.7% as President Donald Trump's comments grab the spotlight .N

** SPX scores record highs, but resistance line proving tough. This as a time projection has traders on alert

** Though it all may just be playing FTSE .FTSE with the Dow .DJI, as small-cap tech stirs a bit vs large-cap tech

** U.S. 10-Year Treasury yield US10YT=RR roughly flat on week, but recent setback helping to stoke stocks

** Nearly every sector reaches escape velocity: Communication Services achieves highest orbit, while just Energy falls back to earth

** Communication Services .SPLRCL rallies 4%. Netflix NFLX.O hits record high on blockbuster subscriber gains

Facebook parent Meta META.O rises; CEO Zuckerberg says co plans to spend up to $65 bln this year to power AI goals

On the flip side, video game firm Electronic Arts EA.O worst SPX performer, plunges 18%, on cutting 2025 bookings forecast as soccer franchise stumbles

** Healthcare .SPXHC advances 2.9%. Moderna MRNA.O soars ~22% after bird flu vaccine award from U.S.

** Industrials .SPLRCI climb 2.4%. GE Aerospace GE.N rises on upbeat 2025 profit forecast, and railroad operator Union Pacific UNP.N up after posting higher Q4 earnings

** Tech .SPLRCT jumps 1.9%. Oracle ORCL.N, server makers and chipmakers surge as Trump announces big investment in AI infrastructure project called Stargate; ORCL zooms 14%, data analytics firm Palantir Technologies PLTR.O thrusts higher by 10%

Though chipmaker Texas Instruments TXN.O flames out on Fri as weak auto, industrial markets hurt Q1 outlook

Semiconductor index .SOX ekes out 0.6% gain on the week

** Energy .SPNY dives 2.9%. Halliburton HAL.N descends on Q4 rev miss, warning of weak U.S., Mexico activity. Oil falls as Trump urges OPEC to lower prices O/R

** Meanwhile, individual investor bulls blast off, and though not an SPX component, Intuitive Machines LUNR.O rockets 20% on the week amid NASA contract award

** SPX performance YTD:

Industrials

7.0%

Comm Svcs

6.1%

Energy

6.0%

Materials

5.8%

Financials

5.1%

Utils

5.0%

Healthcare

4.8%

SPX

3.7%

Discretionary

3.5%

Real Estate

2.1%

Tech

1.7%

Staples

-0.04%

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

((lance.tupper@tr.com

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