ReutersReuters

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%

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