U.S. stocks weekly: Rotation
Repeats from Friday with no changes to text. Updates chart
** S&P 500 .SPX rises second straight week, gains 0.9% on bolstered rate cut hopes .N
** Benchmark U.S. 10-Year Treasury yield US10YT=RR hit four-month low after surprise fall in Jun inflation, reinforcing expectations the Fed will begin cutting rates in Sept
** Dow Industrials .DJI 40k or bust? Blue-chip average jumps 1.6%, ends just decimals north of 40k, fails to set fresh record close
** Though, are crushed correlations .COR3M, a concern for stocks?
** And small caps appeared ready to rumble, bumble or stumble, and then by Fri, it was all aboard the broadening train as equal-weighted S&P 500 .SPXEW advances 2.9% for the week, outperforms SPX; small-cap Russell 2000 .RUT surges 6%
** Nearly every sector gets in on the act; Bond-proxies score most, while just Communication Services left out
** Real Estate .SPLRCR vaults 4.4%. Group gains after cooling CPI data
** Utilities .SPLRCU power up 3.9%. Sector rallies as yields tumble after CPI
** Industrials .SPLRCI up 2.4%. Housing-related firms rise after cooler-than-expected inflation data. Builders FirstSource BLDR.N leaps 15%
PHLX Housing index .HGX notches 9.5% weekly gain
Though Delta Air Lines DAL.N descends on downbeat Q3 profit outlook, drags peers
** Financials .SPSY up 2%. Banks rose on Tues as Powell's comments boost case for rate cut
On Fri, JPMorgan JPM.N, Wells Fargo WFC.N and Citi C.N drop after Q2 results
Still, on the week, S&P 500 banks index .SPXBK advances 1.3%, while KBW regional banking index .KRX jumps nearly 9%
** Tech .SPLRCT ticks up 0.5%. Enphase ENPH.O soars ~23% as solar stocks jump as rate-cut bets firm after CPI
Corning GLW.N climbs after Q2 core sales forecast raise, driven by robust adoption of new optical connectivity products for generative AI
Chip stocks advance on Weds as Taiwan Semi's TSM.N Q2 rev handily beats consensus on booming AI demand
Semiconductor index .SOX adds ~2%
** Consumer Discretionary .SPLRCD up 0.4%. At first Tesla TSLA.O continues win streak, but then falls on report delaying Robotaxi launch, and UBS turning bearish over premium valuation. TSLA ultimately loses >1%
** Consumer Staples .SPLRCS up fractionally. Costco COST.O initially rises on Thurs after annual membership fee hikes. However, COST ends that session down ~4%, and sheds ~5% for the week
** Communication Services .SPLRCL slides 3.6%. Paramount Global PARA.O retreats after Skydance Media merger deal. AT&T T.N down after calls, texts hack disclosure
** Meanwhile, individual Investor bulls "unusually high"
** SPX performance YTD:
SP 500 2024 YTD THROUGH JULY 12 https://tmsnrt.rs/4cXrgYU
(Lance Tupper and Terence Gabriel are Reuters market analysts. The views expressed are their own)
</body></html>
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
