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RPT-BUZZ-US stocks weekly: Starstruck

ReutersJan 27, 2025 11:00 AM

Repeats from Friday with no changes to text. Updates chart

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:

((lance.tupper@tr.com terence.gabriel@tr.com))

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