US stocks weekly: Fresh highs

S&P 500 .SPX rises second-straight week, adds 1.9% as encouraging earnings reports, cooling inflation data fortify sentiment .N

Dow .DJI lifts 2.2% and Nasdaq Composite .IXIC gains 2.3%. All three major indexes attain record closing highs

This as SPX tries to avoid another Rocktober

U.S. 10-Year Treasury yield US10YT=RR now around 4.00%, on track to decline for fourth-straight week with close below 4.009% US/

Almost every sector elevates: Tech and Energy vault, while just Utilities and Consumer Staples slip

Tech .SPLRCT rallies 2.7%. Apple AAPL.O hits record high, nears $4 trillion market cap on strong iPhone 17 demand

IBM IBM.N down after reporting slowing cloud growth, eclipsing upbeat Q3 results. Still, IBM notches ~9% weekly advance

Intel INTC.O rises after chipmaker surpasses Q3 earnings estimates as investments, cost cuts pay off, though analysts say its comeback still a work in progress

Semiconductor index .SOX scales ~3%

Energy .SPNY leaps 2.4%. Energy firms track jump in crude prices after fresh U.S. sanctions on Russian suppliers Rosneft ROSN.MM and Lukoil LKOH.MM O/R

Halliburton HAL.N easily top sector performer, up 19%, as steady North America demand for its oilfield services drives Q3 profit beat

Industrials .SPLRCI up 2.1%. RTX RTX.N ascends after 2025 forecast raise as strong demand for its Pratt & Whitney airplane engines and defense products offsets tariff worries

Consumer Discretionary .SPLRCD up 1.9%. Amazon.com AMZN.O shares lift despite AWS cloud unit suffering major outage, impacting websites and businesses globally

General Motors GM.N surges on annual core profit forecast raise as tariff outlook improves, and Ford F.N accelerates after earnings beat powered by sales of gasoline-fueled trucks and SUVs. GM and F notch 19% and 16% weekly advances, respectively

Tesla TSLA.O initially slides as profit falls short despite record sales, but shares reverse course to end higher on Thurs

Communication Services .SPLRCL up 1%. Warner Bros Discovery WBD.O jumps as it mulls outright sale options

However, Netflix NFLX.O drops as Brazilian tax dispute hits earnings, amid valuation jitters

Materials .SPLRCM up 0.6%. But gold miners including Newmont NEM.N fall on profit-taking, trade optimism signs. This as spot gold XAU= on Tues suffered largest daily pct drop since 2020, while SPDR Gold ETF GLD.P saw biggest one-day decline since 2013

Consumer Staples .SPLRCS dip 0.6%. Procter & Gamble PG.N up after beating estimates on resilient demand for beauty, hair care products

Meanwhile, Heavily shorted Beyond Meat BYND.O sends retail traders on wild ride in latest 'meme-stock' frenzy.

SPX performance YTD: