U.S. stocks weekly: Fast start
** S&P 500 SPX 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 DJI and the Nasdaq Composite IXIC also score fifth-straight month of gains; with this, DJI takes on 40k
** And at the year's first turn, Momentum's MTUM 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 SPN dashes 2.2%. Group rises on tighter supply outlook
** Healthcare S5HLTH races 1.6%. Merck MRK hits record high as FDA approves treatment for rare lung condition
** Industrials S5INDU lift 0.6%. Boeing BA rises as CEO Calhoun to step down by year-end
** Communication Services S5TELS retreat 0.8%. Netflix NFLX shares fall; Wedbush offers mixed views. Though Disney DIS climbs as Barclays rating turns bullish
** Tech S5INFT backpedals 1.3%. Intel INTC, Advanced Micro Devices AMD slip on report China bans use of their chips in govt computers
Semiconductor index SOX ticks lower, but still up 17.5% YTD
** Meanwhile, Trump Media & Technology Group's DJT shares surge after stellar debut
** SPX performance YTD:
Comm Svcs | 15.6% |
Energy | 12.7% |
Tech | 12.5% |
Financials | 12.0% |
Industrials | 10.6% |
SPX | 10.2% |
Materials | 8.4% |
Healthcare | 8.4% |
Staples | 6.8% |
Discretionary | 4.8% |
Utils | 3.6% |
Real Estate | -1.4% |