US stocks weekly: Bounce-back

S&P 500 .SPX snaps 5-week losing streak, rallies 3.4% in rocky trading as investors assess Iran war timeline .N

Dow .DJI lifts 3%, Nasdaq Composite .IXIC ascends 4.4%

Dow had fallen into correction territory, but Fibonacci support sparks a reversal

And a Nasdaq breadth measure posts a rare up day on Weds, and even though Trump address rattled stock futures early Thurs, IXIC fights back from opening weakness and closes slightly green on the day

From growth to defense: Traders eye how 2026's market turmoil is reshuffling the factor race

U.S. 10-Year Treasury yield US10YT=RR retreats nearly 15 basis points, now back to 4.30% area. Bonds recover as markets digest Trump's speech, Iran's Strait of Hormuz news US/

Nearly every sector rebounds: Communication Services and Technology revitalize, while just Energy wilts

Communication Services .SPLRCL vaults 6.4%. Morgan Stanley names Facebook parent Meta Platforms META.O 'top pick', citing attractive valuation and cost savings from potential workforce reductions. META notches ~9% weekly gain

Tech .SPLRCT surges 4.6%. Intel INTC.O climbs as chipmaker plans to buy back Apollo Global Management's APO.N 49% stake in Ireland plant for $14 bln

Semiconductor index .SOX jumps 5%

Consumer Discretionary .SPLRCD up 2.7%. Though Nike NKE.N slides as China lag, inventory weigh on forecast, results

And Tesla TSLA.O skids on Thurs after downbeat Q1 deliveries as tax credit expiry weighs

Healthcare .SPXHC gains 2.4%. Eli Lilly LLY.N rises after US FDA approves its weight-loss pill, Foundayo, sets up next battle with rival Novo Nordisk NOVOb.CO

Consumer Staples .SPLRCS edge up 0.7%. However, food distributor Sysco SYY.N drops on $29 bln deal for Jetro Restaurant Depot

McCormick MKC.N falls after striking merger deal with Unilever ULVR.L to create $65 bln food giant

Energy .SPNY fades 5.3%. Group declines as crude prices weaken on hopes Mideast war could be winding down, then rises after Trump says attacks on Iran will continue O/R

Meanwhile, individual investors remain deeply pessimistic on stocks, and Elon Musk's SpaceX files for IPO, setting the stage for potentially the largest new listing on record

SPX performance YTD:

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