Repeats from Friday with no changes to text. Updates chart

** S&P 500 .SPX gains second straight week, adds 2.9% amid tariff optimism, strong economic data and corporate earnings wave .N

** Dow .DJI dashes 3% higher, and Nasdaq Composite .IXIC advances 3.4%

** This as bulls bask in breadth/thrust, as SPX and DJI clawed back much of their early Apr losses; in fact, the IXIC actually ended the month of Apr in positive territory

** And by Fri close, all three main indexes are now back above their 50-DMA, and the SPX, with a 0.3% rise since Apr 2, has recouped its losses since "Liberation Day"

** Also, SPX ends up Fri for a 9th day in a row, longest win streak since 2004; Dow also ends Fri up 9 days in a row, its longest streak of gains since Dec 2023

** U.S. 10-Year Treasury yield US10YT=RR, flirts with support, snaps 6-day run of declines on Weds, rises into weekend, now just back over 4.30%

** Nearly every sector races ahead: Industrials, Communication Services and Technology sprint to the front, while just Energy comes up lame

** Industrials .SPLRCI rise 4.3%. Top SPX performer Carrier CARR.N soars after profit beat, raised 2025 forecast on robust HVAC demand. CARR notches 19% weekly gain

** Communication Services .SPLRCL vault 4.2%. Facebook owner Meta Platforms META.O gains after Q1 rev beat dampens tariff-induced fears, Wall Street analysts see robust ad performance to remain supported by AI investments

** Tech .SPLRCT leaps 4%. AI server maker Super Micro SMCI.O dives on Weds after cutting qtrly outlook, dragging down chipmakers Nvidia NVDA.O and AMD AMD.O

However, on Thurs, Microsoft MSFT.O surges after strong growth forecast for Azure business, boosts other cloud-computing names, and AI stocks

But Apple AAPL.O stumbles as buyback cuts, tariff fears fan investor jitters

Semiconductor index .SOX rallies 3.4%

** Consumer Discretionary .SPLRCD up 1.6%. Amazon.com AMZN.O ticks down on Fri after Q1 cloud rev growth, income outlook disappoint

** Healthcare .SPXHC edges up 0.3%. Eli Lilly LLY.N falls after CVS Health CVS.N move to drop LLY's obesity drug Zepbound from reimbursement coverage, but keep reimbursing rival Wegovy after negotiations with Danish drugmaker Novo Nordisk NOVOb.CO

** Energy .SPNY retreats 0.7%. Sector tumbles as crude prices extend losing skid amid global trade war O/R

On Fri, Chevron CVX.N posts lower Q1 profit, reduced buyback plans, while Exxon Mobil XOM.N reports Q1 profit beat, and on track to meet its buyback target

** Meanwhile, individual investor bears climb, and does "sell in May and go away" actually work?

** SPX performance YTD:

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

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