RPT-BUZZ-US stocks weekly: New highs

Reuters
Aug 18
RPT-BUZZ-US stocks weekly: New highs

Repeats from Friday with no changes to text. Updates chart

** S&P 500 .SPX rises second-straight week, adds 0.9% as investors mull potential for Fed rate cuts, geopolitics .N

** Dow .DJI gains 1.7%, Nasdaq Composite .IXIC edges up 0.8%

** Indeed, during the week new SPX and Nasdaq highs keep coming, and by Fri, DJI attempts to take a seat at the new highs table; The Dow hits fresh record intraday high, but no cigar on a record close

** U.S. 10-Year Treasury yield US10YT=RR lifts for a second consecutive week to around 4.32% US/, though still coiling in a range

** Most sectors ascend: Healthcare soars, while Consumer Staples and Utilities lose most ground

** Healthcare .SPXHC rallies 4.6%. UnitedHealth UNH.N jumps after Warren Buffett bets big on insurer

** Consumer Discretionary .SPLRCD up 2.5%. Amazon.com AMZN.O rises as it expands same-day grocery delivery to perishable foods

** Communication Services .SPLRCL lifts 2.1%, and ends at a record close. Paramount Skydance PSKY.O shares surge 31% on the week in wake of winning exclusive U.S. broadcast rights to UFC in $7.7 bln deal, and TKO Group TKO.N, which owns UFC, scores 16% weekly gain

** Tech .SPLRCT ticks down 0.1%. Chip equipment maker Applied Materials AMAT.O tumbles after dour qtrly rev forecast on weak China demand, tariff-driven headwinds

Nvidia NVDA.O and Advanced Micro AMD.O dip on Mon after firms agree to pay U.S. government 15% of rev from sales of their advanced chips to China

But Intel INTC.O climbs after CEO meets President Trump, who praised Lip-Bu Tan days after seeking his resignation, then adds to gains on report Trump administration weighs taking a stake in co. INTC notches 23% advance on the week

Semiconductor index .SOX up >1%

** Industrials .SPLRCI lose 0.3%. Deere DE.N retreats after qtrly profit drop, bigger tariff hit warning

** Consumer Staples .SPLRCS sag 0.8%. Grocers Walmart WMT.N and Kroger KR.N fall after AMZN's perishable foods same-day delivery addition

** Meanwhile, individual investor bulls battered, bears boast, and on the IPO front, Crypto exchange Bullish BLSH.N leaps in strong debut

** SPX performance YTD:

SP 500 2025 YTD THROUGH AUGUST 15 https://fingfx.thomsonreuters.com/gfx/buzz/mypmxxonmvr/SP%20500%202025%20YTD%20through%20Aug%2015.jpg

(Lance Tupper and Terence Gabriel are Reuters market analysts. The views expressed are their own)

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

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