Repeats from Friday with no changes to text. Updates chart

** S&P 500 .SPX rises second straight week, adds 1.5% amid jobs data optimism, Trump-Musk slugfest .N

** Dow .DJI rises 1.2%, Nasdaq Composite .IXIC advances 2.2%

** Indeed, SPX started the week ripe for more spirited action; by Fri, benchmark index back over 6,000 for first time since Feb, and ends Fri down just 2.3% from record close

** And with momentum on the fast track, and tech on a tear, Nasdaq targets its highs; tech-laden index ends Fri down 3.2% from record close

** U.S. 10-Year Treasury yield US10YT=RR turns heavy, but then bounces off 55-DMA, on track to end week back up around 4.5% US/

** Most sectors plow ahead: Communication Services and Technology most scrappy, while Utilities and Consumer Staples among those backing down

** Communication Services .SPLRCL rallies 3.2%. Facebook-parent Meta Platforms META.O reported to fully automate ad creation with AI tools, and it signs nuclear power agreement with Constellation Energy CEG.O. META notches ~8% weekly gain

** Tech .SPLRCT ascends 3%. ON Semiconductor's ON.O CEO provides positive outlook for industrial and automotive markets, stock surges 19% on the week

Custom AI chipmaker Broadcom AVGO.O drops on Fri after rev forecast fails to impress. Still, AVGO posts ~2% gain on the week

Semiconductor index .SOX powers up nearly 6%

But cybersecurity firm CrowdStrike CRWD.O slides on Weds after downbeat current-qtr rev outlook

** Energy .SPNY up 2.2%. Group tracks rise in oil prices as US-China trade talks resume O/R

** Materials .SPLRCM strengthen 1.4%. Steel companies capitalize on Trump's fresh tariffs. Nucor NUE.N and Steel Dynamics STLD.O up 11% and 8.5%, respectively, on the week

** Financials .SPSY up 0.6%. Wells Fargo WFC.N up after Federal Reserve removes $1.95 trln asset cap

For the week, S&P 500 banks index .SPXBK up 1.7%, KBW regional banking index .KRX rises 1.8%

** Consumer Discretionary .SPLRCD dips 0.6%. Tesla TSLA.O tanks on Thurs as Trump publicly feuds with CEO Musk, shares recoup some losses on Fri amid potential truce

Lululemon LULU.O sinks after lowering annual profit forecast on slowing demand, tariff hit

** Consumer Staples .SPLRCS retreat 1.6%. Tylenol-maker Kenvue KVUE.N drops as tariff uncertainty sparks retailer destocking

Though Dollar General DG.N leaps after boosting annual comparable sales growth guidance, and Dollar Tree DLTR.O rebounds on Thurs after multiple analysts hike PTs, a day after forecasting sharp drop in fiscal Q2 earnings due to cost pressures, including higher tariffs

** Meanwhile, on the IPO front, stablecoin firm Circle Internet CRCL.N skyrockets in debut

** 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))