** 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))
Comments